Wall Street brokerages predict that Paycom Software Inc (NYSE:PAYC) will post $0.23 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Paycom Software’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Paycom Software reported earnings of $0.18 per share in the same quarter last year, which would indicate a positive year over year growth rate of 27.8%. The company is expected to announce its next earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Paycom Software will report full year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.29. For the next year, analysts expect that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.39 to $1.81. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Paycom Software.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. Paycom Software’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share.
A number of analysts have recently issued reports on PAYC shares. Bank of America started coverage on shares of Paycom Software in a research note on Monday, November 6th. They set a “buy” rating and a $92.00 target price for the company. Northland Securities started coverage on shares of Paycom Software in a research note on Thursday, September 21st. They set an “outperform” rating and a $85.00 target price for the company. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Friday, November 3rd. Mizuho reissued a “hold” rating and set a $70.00 target price on shares of Paycom Software in a research note on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Paycom Software in a research note on Friday, October 6th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Paycom Software presently has an average rating of “Buy” and a consensus target price of $84.33.
Paycom Software (NYSE PAYC) traded up $4.25 during midday trading on Wednesday, reaching $88.75. 1,245,075 shares of the company’s stock traded hands, compared to its average volume of 485,416. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $5,250.00, a price-to-earnings ratio of 83.73, a price-to-earnings-growth ratio of 2.73 and a beta of 1.67. Paycom Software has a 52 week low of $42.52 and a 52 week high of $89.37.
In related news, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total value of $868,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey D. York sold 50,000 shares of Paycom Software stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total value of $3,998,500.00. The disclosure for this sale can be found here. Insiders own 17.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings in shares of Paycom Software by 6.7% in the second quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock valued at $452,389,000 after acquiring an additional 415,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in Paycom Software by 6.8% in the second quarter. Vanguard Group Inc. now owns 3,727,860 shares of the software maker’s stock worth $255,023,000 after purchasing an additional 236,334 shares in the last quarter. BlackRock Inc. raised its holdings in Paycom Software by 12.7% in the second quarter. BlackRock Inc. now owns 3,001,044 shares of the software maker’s stock worth $205,302,000 after purchasing an additional 338,351 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Paycom Software by 96.1% in the third quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock worth $87,664,000 after purchasing an additional 574,658 shares in the last quarter. Finally, Jackson Square Partners LLC raised its holdings in Paycom Software by 3.6% in the third quarter. Jackson Square Partners LLC now owns 1,019,455 shares of the software maker’s stock worth $76,418,000 after purchasing an additional 35,855 shares in the last quarter. Hedge funds and other institutional investors own 88.41% of the company’s stock.
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About Paycom Software
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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