Zacks: Analysts Expect Paycom Software Inc (PAYC) Will Post Earnings of $1.12 Per Share

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Equities analysts expect Paycom Software Inc (NYSE:PAYC) to report earnings per share (EPS) of $1.12 for the current quarter, Zacks reports. Seven analysts have made estimates for Paycom Software’s earnings. The lowest EPS estimate is $1.10 and the highest is $1.16. Paycom Software reported earnings of $0.95 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.9%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that Paycom Software will report full-year earnings of $3.21 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.33. For the next fiscal year, analysts forecast that the company will report earnings of $4.01 per share, with EPS estimates ranging from $3.49 to $4.25. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Paycom Software.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.48 by $0.13. Paycom Software had a net margin of 24.20% and a return on equity of 38.83%. The company had revenue of $150.33 million during the quarter, compared to analysts’ expectations of $144.10 million. During the same period last year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was up 31.8% on a year-over-year basis.

Several equities analysts recently issued reports on the company. KeyCorp boosted their price objective on Paycom Software from $133.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, February 6th. Zacks Investment Research cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group upped their price objective on Paycom Software to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Robert W. Baird upped their price objective on Paycom Software from $134.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, Canaccord Genuity upped their price objective on Paycom Software from $140.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, February 6th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $154.43.

Shares of Paycom Software stock traded up $1.33 during trading on Monday, reaching $190.09. The company’s stock had a trading volume of 18,861 shares, compared to its average volume of 565,588. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. Paycom Software has a one year low of $96.44 and a one year high of $193.75. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 87.29, a P/E/G ratio of 2.88 and a beta of 1.82.

In related news, insider Jeffrey D. York sold 25,000 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $173.96, for a total value of $4,349,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bradley Scott Smith sold 2,600 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $181.53, for a total value of $471,978.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,600 shares of company stock worth $6,933,338. 16.24% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd increased its position in Paycom Software by 2.1% during the 4th quarter. WINTON GROUP Ltd now owns 3,854 shares of the software maker’s stock worth $472,000 after buying an additional 80 shares during the period. Advisory Services Network LLC increased its position in Paycom Software by 10.4% during the 4th quarter. Advisory Services Network LLC now owns 905 shares of the software maker’s stock worth $111,000 after buying an additional 85 shares during the period. Cim LLC increased its position in Paycom Software by 1.7% during the 4th quarter. Cim LLC now owns 9,580 shares of the software maker’s stock worth $1,173,000 after buying an additional 163 shares during the period. Sapphire Star Partners LP increased its position in Paycom Software by 1.0% during the 4th quarter. Sapphire Star Partners LP now owns 19,419 shares of the software maker’s stock worth $2,378,000 after buying an additional 184 shares during the period. Finally, Karp Capital Management Corp increased its position in Paycom Software by 2.5% during the 4th quarter. Karp Capital Management Corp now owns 7,855 shares of the software maker’s stock worth $962,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors own 78.70% of the company’s stock.

Paycom Software Company Profile

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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Earnings History and Estimates for Paycom Software (NYSE:PAYC)

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