Paycom Software, Inc. (PAYC) Expected to Post Earnings of $0.19 Per Share
Analysts expect that Paycom Software, Inc. (NYSE:PAYC) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Paycom Software’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.21. Paycom Software posted earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 26.7%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, October 31st.
On average, analysts expect that Paycom Software will report full year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.11 to $1.17. For the next fiscal year, analysts expect that the firm will post earnings of $1.40 per share, with EPS estimates ranging from $1.15 to $1.67. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Paycom Software.
Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Paycom Software had a return on equity of 35.77% and a net margin of 14.28%. The firm had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.98 million. During the same period in the previous year, the company earned $0.21 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis.
A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Paycom Software in a research report on Wednesday, October 18th. Mizuho reaffirmed a “hold” rating and issued 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 assumed coverage on Paycom Software in a research report on Thursday, September 21st. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Barclays PLC raised their price objective on Paycom Software from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, September 13th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $76.63.
Shares of Paycom Software (NYSE PAYC) opened at 82.01 on Monday. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 88.95 and a beta of 1.73. The company has a 50-day moving average price of $76.92 and a 200 day moving average price of $69.91. Paycom Software has a 12-month low of $39.15 and a 12-month high of $82.52.
In other news, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total value of $821,920.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stacey M. Pezold sold 10,000 shares of Paycom Software stock in a transaction on Friday, September 1st. The shares were sold at an average price of $75.02, for a total value of $750,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,000 shares of company stock worth $4,564,520. Corporate insiders own 17.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of PAYC. UBS Asset Management Americas Inc. grew its position in Paycom Software by 47.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,424 shares of the software maker’s stock worth $1,405,000 after acquiring an additional 7,881 shares during the last quarter. Neuberger Berman Group LLC grew its position in Paycom Software by 6.6% during the 1st quarter. Neuberger Berman Group LLC now owns 5,788 shares of the software maker’s stock worth $333,000 after acquiring an additional 357 shares during the last quarter. Principal Financial Group Inc. grew its position in Paycom Software by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 37,612 shares of the software maker’s stock worth $2,163,000 after acquiring an additional 744 shares during the last quarter. Teachers Advisors LLC grew its position in Paycom Software by 4.3% during the 1st quarter. Teachers Advisors LLC now owns 75,553 shares of the software maker’s stock worth $4,345,000 after acquiring an additional 3,088 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Paycom Software by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 3,491,526 shares of the software maker’s stock worth $200,798,000 after acquiring an additional 120,345 shares during the last quarter. Institutional investors own 86.42% of the company’s stock.
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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