Zacks: Analysts Expect Paycom Software Inc (PAYC) to Announce $0.23 Earnings Per Share

Equities analysts predict that Paycom Software Inc (NYSE:PAYC) will post earnings per share (EPS) of $0.23 for the current quarter, according to Zacks. Eight analysts have issued estimates for Paycom Software’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Paycom Software posted earnings per share of $0.18 during the same quarter last year, which indicates a positive year over year growth rate of 27.8%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Paycom Software will report full year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.29. For the next financial year, analysts expect that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.39 to $1.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of 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 earnings per share for the quarter, topping the 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 business had revenue of $101.30 million during the quarter, compared to the consensus estimate of $100.47 million. During the same period in the prior year, the company earned $0.15 EPS. Paycom Software’s revenue for the quarter was up 31.0% on a year-over-year basis.

PAYC has been the subject of several recent analyst reports. Bank of America initiated coverage on Paycom Software in a research report on Monday, November 6th. They set a “buy” rating and a $92.00 price objective for the company. Zacks Investment Research upgraded Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Friday, November 3rd. Mizuho restated a “hold” rating and set a $70.00 price objective on shares of Paycom Software in a research report on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Paycom Software in a research report on Friday, October 6th. Finally, Dougherty & Co initiated coverage on Paycom Software in a research report on Tuesday, October 31st. They set a “buy” rating and a $100.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.33.

Shares of Paycom Software (PAYC) traded up $3.05 during mid-day trading on Friday, hitting $92.94. The company had a trading volume of 808,215 shares, compared to its average volume of 547,578. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. Paycom Software has a twelve month low of $42.52 and a twelve month high of $93.61. The company has a market cap of $5,500.00, a P/E ratio of 87.68, a P/E/G ratio of 2.91 and a beta of 1.67.

In other news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total value of $868,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Levenson sold 18,750 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $88.89, for a total value of $1,666,687.50. The disclosure for this sale can be found here. Insiders sold 79,750 shares of company stock valued at $6,533,308 over the last quarter. Corporate insiders own 17.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Capital World Investors increased its stake in shares of Paycom Software by 6.7% in the second quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock valued at $452,389,000 after buying an additional 415,000 shares during the period. Vanguard Group Inc. increased its stake in shares of Paycom Software by 6.8% in the second quarter. Vanguard Group Inc. now owns 3,727,860 shares of the software maker’s stock valued at $255,023,000 after buying an additional 236,334 shares during the period. BlackRock Inc. increased its stake in shares of Paycom Software by 12.7% in the second quarter. BlackRock Inc. now owns 3,001,044 shares of the software maker’s stock valued at $205,302,000 after buying an additional 338,351 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Paycom Software by 96.1% in the third quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock valued at $87,664,000 after buying an additional 574,658 shares during the period. Finally, Jackson Square Partners LLC increased its stake in shares of 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 valued at $76,418,000 after buying an additional 35,855 shares during the period. 88.45% of the stock is owned by institutional investors.

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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.

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