Analysts Anticipate Paycom Software Inc (PAYC) Will Announce Quarterly Sales of $151.04 Million

Wall Street brokerages expect Paycom Software Inc (NYSE:PAYC) to post $151.04 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Paycom Software’s earnings, with the highest sales estimate coming in at $152.10 million and the lowest estimate coming in at $149.86 million. Paycom Software reported sales of $119.51 million in the same quarter last year, which indicates a positive year-over-year growth rate of 26.4%. The business is expected to report its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Paycom Software will report full-year sales of $151.04 million for the current year, with estimates ranging from $541.52 million to $552.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $672.42 million per share, with estimates ranging from $661.66 million to $694.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Paycom Software.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $113.01 million. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share.

Several research firms recently commented on PAYC. Stifel Nicolaus raised their price target on shares of Paycom Software from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Mizuho decreased their price target on shares of Paycom Software from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Robert W. Baird raised their price target on shares of Paycom Software from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Credit Suisse Group raised their price target on shares of Paycom Software from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Barclays raised their price target on shares of Paycom Software from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $88.56.

In related news, Director Robert J. Levenson sold 18,750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $88.89, for a total transaction of $1,666,687.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total transaction of $868,120.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,750 shares of company stock worth $6,533,308. Insiders own 17.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 1st Global Advisors Inc. raised its position in Paycom Software by 1.4% during the second quarter. 1st Global Advisors Inc. now owns 5,567 shares of the software maker’s stock valued at $381,000 after acquiring an additional 75 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Paycom Software by 7.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after acquiring an additional 150 shares in the last quarter. Stifel Financial Corp raised its position in shares of Paycom Software by 3.8% in the second quarter. Stifel Financial Corp now owns 8,882 shares of the software maker’s stock valued at $612,000 after purchasing an additional 328 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Paycom Software by 13.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,329 shares of the software maker’s stock valued at $296,000 after purchasing an additional 528 shares during the period. Finally, US Bancorp DE raised its position in shares of Paycom Software by 6.8% in the fourth quarter. US Bancorp DE now owns 9,220 shares of the software maker’s stock valued at $740,000 after purchasing an additional 584 shares during the period. 87.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Paycom Software (NYSE:PAYC) opened at $92.08 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market cap of $5,320.00, a P/E ratio of 80.77, a P/E/G ratio of 2.10 and a beta of 1.70. Paycom Software has a fifty-two week low of $51.80 and a fifty-two week high of $93.61.

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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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