FY2025 EPS Estimate for Paycom Software Boosted by Analyst

Paycom Software, Inc. (NYSE:PAYC) – Cantor Fitzgerald increased their FY2025 earnings per share (EPS) estimates for shares of Paycom Software in a report issued on Monday, November 10th. Cantor Fitzgerald analyst M. Vanvliet now expects that the software maker will post earnings of $7.60 per share for the year, up from their previous estimate of $7.44. Cantor Fitzgerald has a “Hold” rating on the stock. The consensus estimate for Paycom Software’s current full-year earnings is $7.15 per share. Cantor Fitzgerald also issued estimates for Paycom Software’s FY2026 earnings at $8.21 EPS.

Several other research analysts have also weighed in on the company. Jefferies Financial Group dropped their target price on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. KeyCorp reduced their price objective on Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. UBS Group dropped their price target on Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Zacks Research downgraded Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $225.77.

Paycom Software Price Performance

NYSE:PAYC opened at $170.14 on Wednesday. The stock has a market cap of $9.85 billion, a P/E ratio of 21.16, a PEG ratio of 1.83 and a beta of 0.88. Paycom Software has a 1-year low of $156.50 and a 1-year high of $267.76. The firm has a 50-day moving average of $203.66 and a two-hundred day moving average of $225.51.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. During the same quarter last year, the business posted $1.67 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Paycom Software has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Paycom Software

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in Paycom Software during the fourth quarter valued at about $638,000. Allworth Financial LP raised its holdings in shares of Paycom Software by 12.9% during the first quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock valued at $105,000 after acquiring an additional 53 shares in the last quarter. Xponance Inc. lifted its holdings in Paycom Software by 0.9% in the first quarter. Xponance Inc. now owns 9,701 shares of the software maker’s stock worth $2,119,000 after buying an additional 86 shares during the period. CWM LLC raised its holdings in Paycom Software by 3.3% in the first quarter. CWM LLC now owns 2,081 shares of the software maker’s stock worth $455,000 after purchasing an additional 66 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in Paycom Software by 8.8% during the first quarter. Apollon Wealth Management LLC now owns 5,960 shares of the software maker’s stock worth $1,302,000 after acquiring an additional 483 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the sale, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. This represents a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. Paycom Software’s dividend payout ratio is currently 18.66%.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.