Analysts forecast that Paycom Software, Inc. (NYSE:PAYC) will report sales of $113.04 million for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Paycom Software’s earnings. The lowest sales estimate is $112.35 million and the highest is $114.00 million. Paycom Software reported sales of $87.81 million in the same quarter last year, which indicates a positive year over year growth rate of 28.7%. The company is expected to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Paycom Software will report full-year sales of $113.04 million for the current fiscal year, with estimates ranging from $431.37 million to $433.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $543.19 million per share, with estimates ranging from $536.47 million to $554.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts 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, topping the Zacks’ consensus estimate of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The firm had revenue of $101.30 million for the quarter, compared to the consensus estimate of $100.47 million. During the same quarter last year, the business posted $0.15 earnings per share. The firm’s revenue was up 31.0% compared to the same quarter last year.

A number of research firms have commented on PAYC. Canaccord Genuity lifted their target price on Paycom Software from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. KeyCorp lifted their target price on Paycom Software to $94.00 in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $74.00 price objective (up from $67.00) on shares of Paycom Software in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. lifted their price objective on Paycom Software from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $83.44.

COPYRIGHT VIOLATION NOTICE: “Brokerages Anticipate Paycom Software, Inc. (PAYC) Will Announce Quarterly Sales of $113.04 Million” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/21/brokerages-anticipate-paycom-software-inc-payc-will-announce-quarterly-sales-of-113-04-million.html.

Paycom Software (NYSE PAYC) opened at $83.44 on Tuesday. Paycom Software has a 1 year low of $41.98 and a 1 year high of $83.67. The company has a market capitalization of $4,940.00, a P/E ratio of 76.63, a P/E/G ratio of 3.52 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05.

In related news, insider Jeffrey D. York sold 40,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $74.81, for a total value of $2,992,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $750,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,000 shares of company stock worth $4,564,520. 17.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its stake in shares of Paycom Software by 14.4% during the third quarter. California Public Employees Retirement System now owns 43,696 shares of the software maker’s stock valued at $3,275,000 after acquiring an additional 5,496 shares in the last quarter. Granahan Investment Management Inc. MA grew its stake in Paycom Software by 2.3% in the third quarter. Granahan Investment Management Inc. MA now owns 121,133 shares of the software maker’s stock worth $9,080,000 after purchasing an additional 2,737 shares in the last quarter. Jackson Square Partners LLC grew its stake in Paycom Software by 3.6% in the third quarter. Jackson Square Partners LLC now owns 1,019,455 shares of the software maker’s stock worth $76,418,000 after purchasing an additional 35,855 shares in the last quarter. Stifel Financial Corp grew its stake in Paycom Software by 42.2% in the third quarter. Stifel Financial Corp now owns 12,630 shares of the software maker’s stock worth $946,000 after purchasing an additional 3,748 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Paycom Software by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 945,552 shares of the software maker’s stock worth $70,878,000 after purchasing an additional 3,007 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

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.

Get a free copy of the Zacks research report on Paycom Software (PAYC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Paycom Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.