Zacks: Analysts Anticipate Paycom Software, Inc. (PAYC) to Post $0.23 Earnings Per Share
Analysts expect Paycom Software, Inc. (NYSE:PAYC) to post earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Paycom Software’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.25. Paycom Software reported earnings of $0.18 per share during the same quarter last year, which indicates a positive year over year growth rate of 27.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Paycom Software will report full year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.23 to $1.29. For the next financial year, analysts forecast that the firm will report earnings of $1.52 per share, with EPS estimates ranging from $1.39 to $1.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Paycom Software.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The firm had revenue of $101.30 million for the quarter, compared to analyst estimates of $100.47 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year.
In other news, insider Jeffrey D. York sold 40,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $74.81, for a total value of $2,992,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total transaction of $821,920.00. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Paycom Software by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after buying an additional 167 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Paycom Software by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after buying an additional 150 shares during the last quarter. Fortaleza Asset Management Inc. bought a new stake in shares of Paycom Software during the 3rd quarter valued at about $164,000. Raymond James Trust N.A. bought a new stake in shares of Paycom Software during the 2nd quarter valued at about $203,000. Finally, Fiduciary Trust Co. bought a new stake in shares of Paycom Software during the 2nd quarter valued at about $215,000. 88.54% of the stock is owned by institutional investors and hedge funds.
Shares of Paycom Software (PAYC) traded up $0.79 during mid-day trading on Thursday, reaching $77.05. 604,900 shares of the company’s stock were exchanged, compared to its average volume of 594,621. Paycom Software has a 52-week low of $42.52 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $4,650.00, a price-to-earnings ratio of 71.27, a P/E/G ratio of 3.28 and a beta of 1.68.
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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