Paycom Software, Inc. (PAYC) Expected to Post Earnings of $0.23 Per Share

Equities research analysts expect Paycom Software, Inc. (NYSE:PAYC) to report earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Paycom Software’s earnings, with estimates ranging from $0.21 to $0.25. Paycom Software posted earnings per share of $0.18 during the same quarter last year, which would suggest a positive year-over-year growth rate of 27.8%. The business is expected to announce its next quarterly 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 business will report earnings of $1.52 per share, with EPS estimates ranging from $1.39 to $1.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Paycom Software.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $100.47 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 31.0% compared to the same quarter last year.

A number of analysts have recently issued reports on PAYC shares. Jefferies Group LLC increased their target price on Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 target price on shares of Paycom Software in a report on Wednesday, October 18th. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Friday, November 3rd. Robert W. Baird restated a “buy” rating and issued a $78.00 target price on shares of Paycom Software in a report on Tuesday, September 12th. Finally, Bank of America Corporation initiated coverage on Paycom Software in a report on Monday, November 6th. They issued a “buy” rating and a $92.00 target price for the company. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.44.

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Paycom Software (PAYC) traded up $0.81 on Friday, hitting $85.59. The stock had a trading volume of 218,235 shares, compared to its average volume of 591,029. The stock has a market capitalization of $4,939.63, a price-to-earnings ratio of 79.23, a P/E/G ratio of 3.64 and a beta of 1.73. Paycom Software has a one year low of $41.98 and a one year high of $85.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05.

In other Paycom Software news, insider Stacey M. Pezold sold 10,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $75.02, for a total transaction of $750,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total transaction of $821,920.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,000 shares of company stock valued at $4,564,520. 17.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of PAYC. Principal Financial Group Inc. increased its position in Paycom Software by 2.0% during the first quarter. Principal Financial Group Inc. now owns 37,612 shares of the software maker’s stock worth $2,163,000 after buying an additional 744 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Paycom Software by 4.3% in the first quarter. Teachers Advisors LLC now owns 75,553 shares of the software maker’s stock valued at $4,345,000 after purchasing an additional 3,088 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Paycom Software in the first quarter valued at about $8,756,000. BlackRock Inc. grew its position in shares of Paycom Software by 74,069.7% in the first quarter. BlackRock Inc. now owns 2,662,693 shares of the software maker’s stock valued at $153,132,000 after purchasing an additional 2,659,103 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Paycom Software by 7.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 175,261 shares of the software maker’s stock valued at $10,080,000 after purchasing an additional 11,862 shares during the last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Company Profile

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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