Wall Street brokerages expect Paycom Software Inc (NYSE:PAYC) to announce sales of $171.64 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Paycom Software’s earnings, with the highest sales estimate coming in at $172.35 million and the lowest estimate coming in at $171.00 million. Paycom Software reported sales of $133.29 million during the same quarter last year, which would suggest a positive year over year growth rate of 28.8%. The business is scheduled to report its next earnings results on Tuesday, October 29th.
On average, analysts expect that Paycom Software will report full year sales of $729.73 million for the current fiscal year, with estimates ranging from $729.00 million to $731.30 million. For the next financial year, analysts expect that the firm will report sales of $895.79 million, with estimates ranging from $874.15 million to $907.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Paycom Software.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.14. Paycom Software had a return on equity of 38.25% and a net margin of 23.93%. The company had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $163.88 million. During the same period in the previous year, the firm posted $0.59 EPS. Paycom Software’s revenue was up 31.4% compared to the same quarter last year.
Several equities research analysts recently issued reports on the company. Needham & Company LLC lifted their price objective on Paycom Software from $230.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group cut Paycom Software from a “buy” rating to a “hold” rating and set a $233.00 price objective on the stock. in a report on Friday, July 19th. KeyCorp lifted their price objective on Paycom Software from $246.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus lifted their price objective on Paycom Software from $150.00 to $179.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research cut Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Paycom Software presently has an average rating of “Hold” and a consensus target price of $216.29.
PAYC stock traded up $6.28 during trading on Friday, hitting $241.42. The stock had a trading volume of 344,279 shares, compared to its average volume of 667,738. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07. Paycom Software has a twelve month low of $107.46 and a twelve month high of $246.85. The stock has a market capitalization of $14.23 billion, a P/E ratio of 110.74, a PEG ratio of 3.29 and a beta of 1.59. The company’s 50-day moving average price is $236.30 and its two-hundred day moving average price is $204.71.
In other Paycom Software news, insider Jeffrey D. York sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $232.84, for a total value of $5,821,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jon Evans sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $240.47, for a total transaction of $504,987.00. The disclosure for this sale can be found here. Insiders sold a total of 29,700 shares of company stock worth $6,848,457 over the last three months. Corporate insiders own 16.09% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new stake in shares of Paycom Software during the 2nd quarter valued at approximately $34,000. Global Retirement Partners LLC raised its position in shares of Paycom Software by 100.0% during the 1st quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after buying an additional 100 shares during the period. Riverhead Capital Management LLC purchased a new stake in shares of Paycom Software during the 2nd quarter valued at approximately $45,000. Flagship Harbor Advisors LLC raised its position in shares of Paycom Software by 404.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 212 shares of the software maker’s stock valued at $48,000 after buying an additional 170 shares during the period. Finally, CWM LLC purchased a new stake in shares of Paycom Software during the 1st quarter valued at approximately $45,000. 75.17% of the stock is currently owned by hedge funds and other institutional investors.
About Paycom Software
Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
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