Zacks: Brokerages Anticipate Paycom Software Inc (NYSE:PAYC) Will Post Earnings of $0.69 Per Share

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Brokerages expect Paycom Software Inc (NYSE:PAYC) to report $0.69 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Paycom Software’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.73. Paycom Software posted earnings of $0.52 per share during the same quarter last year, which indicates a positive year over year growth rate of 32.7%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, October 29th.

On average, analysts expect that Paycom Software will report full-year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.52. For the next year, analysts anticipate that the company will report earnings of $4.19 per share, with EPS estimates ranging from $3.41 to $4.44. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow 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, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.14. The business had revenue of $169.30 million for the quarter, compared to the consensus estimate of $163.88 million. Paycom Software had a net margin of 23.93% and a return on equity of 38.25%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share.

Several research firms have issued reports on PAYC. KeyCorp reaffirmed an “overweight” rating on shares of Paycom Software in a report on Wednesday, September 25th. Needham & Company LLC increased their price objective on shares of Paycom Software from $230.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. ValuEngine downgraded shares of Paycom Software from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Northland Securities reaffirmed a “buy” rating and set a $275.00 price objective on shares of Paycom Software in a report on Tuesday, September 24th. Finally, Mizuho began coverage on shares of Paycom Software in a report on Wednesday, August 21st. They set a “neutral” rating and a $240.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $226.79.

In other news, insider Jeffrey D. York sold 25,000 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through this link. Company insiders own 16.09% of the company’s stock.

Several large investors have recently bought and sold shares of PAYC. BlackRock Inc. lifted its stake in shares of Paycom Software by 27.0% in the second quarter. BlackRock Inc. now owns 2,825,982 shares of the software maker’s stock worth $640,705,000 after buying an additional 600,640 shares in the last quarter. Vanguard Group Inc. increased its position in Paycom Software by 14.0% during the second quarter. Vanguard Group Inc. now owns 4,854,474 shares of the software maker’s stock worth $1,100,606,000 after purchasing an additional 597,590 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Paycom Software during the second quarter worth about $68,278,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Paycom Software during the second quarter worth about $43,511,000. Finally, Balyasny Asset Management LLC acquired a new stake in Paycom Software during the second quarter worth about $32,660,000. 72.77% of the stock is currently owned by hedge funds and other institutional investors.

PAYC traded down $15.43 during midday trading on Tuesday, hitting $190.60. 795,946 shares of the company traded hands, compared to its average volume of 652,727. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 87.43, a PEG ratio of 2.68 and a beta of 1.38. Paycom Software has a 52-week low of $107.46 and a 52-week high of $259.71. The business has a 50 day simple moving average of $217.00 and a two-hundred day simple moving average of $219.62.

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

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