Paycom Software Inc (PAYC) Scheduled to Post Quarterly Earnings on Monday
Paycom Software Inc (NYSE:PAYC) is scheduled to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.11. The business had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.98 million. Paycom Software had a return on equity of 39.17% and a net margin of 14.48%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, analysts expect Paycom Software to post $0.75 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.
Paycom Software Inc (NYSE PAYC) opened at 80.07 on Monday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 86.84 and a beta of 1.72. The firm has a 50-day moving average price of $76.09 and a 200 day moving average price of $69.10. Paycom Software Inc has a one year low of $39.15 and a one year high of $80.55.
Several analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Paycom Software in a research report on Wednesday, October 18th. Mizuho reaffirmed a “hold” rating and set a $70.00 price objective on shares of Paycom Software in a research report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Paycom Software in a research report on Friday, October 6th. Northland Securities started coverage on Paycom Software in a research report on Thursday, September 21st. They issued an “outperform” rating and a $85.00 price target on the stock. Finally, Robert W. Baird reissued a “buy” rating and issued a $78.00 price target on shares of Paycom Software in a research report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $76.63.
In related news, insider Stacey M. Pezold sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $75.02, for a total value of $750,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total value of $821,920.00. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock worth $4,564,520 over the last ninety days. 17.90% of the stock is currently owned by insiders.
About Paycom Software
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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