Paycom Software Inc (NYSE:PAYC) Expected to Post Earnings of $0.69 Per Share

Analysts expect that Paycom Software Inc (NYSE:PAYC) will report earnings of $0.69 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Paycom Software’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.73. Paycom Software posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 32.7%. The company is expected to issue its next earnings report on Tuesday, October 29th.

On average, analysts expect that Paycom Software will report full-year earnings of $3.42 per share for the current year, with EPS estimates ranging from $3.37 to $3.52. For the next fiscal year, analysts anticipate that the business will post earnings of $4.20 per share, with EPS estimates ranging from $3.41 to $4.44. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Paycom Software.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. The company had revenue of $169.30 million during the quarter, compared to analysts’ expectations of $163.88 million. Paycom Software had a net margin of 23.93% and a return on equity of 38.25%. Paycom Software’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share.

Several equities analysts recently commented on the stock. Northland Securities boosted their price objective on shares of Paycom Software from $215.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. KeyCorp boosted their price objective on shares of Paycom Software from $246.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Cantor Fitzgerald assumed coverage on shares of Paycom Software in a research note on Tuesday, June 18th. They set a “neutral” rating for the company. Canaccord Genuity boosted their price objective on shares of Paycom Software from $160.00 to $195.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Barclays boosted their price objective on shares of Paycom Software from $175.00 to $185.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $216.29.

In other news, COO Jon Evans sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $240.47, for a total value of $504,987.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey D. York sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $204.37, for a total transaction of $5,109,250.00. The disclosure for this sale can be found here. In the last three months, insiders sold 31,747 shares of company stock valued at $6,546,721. Corporate insiders own 16.09% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in Paycom Software by 100.0% during the 1st quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after buying an additional 100 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in Paycom Software by 404.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 212 shares of the software maker’s stock valued at $48,000 after buying an additional 170 shares during the last quarter. CWM LLC bought a new stake in Paycom Software during the 1st quarter valued at $45,000. Pittenger & Anderson Inc. raised its holdings in Paycom Software by 1,125.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 245 shares of the software maker’s stock valued at $46,000 after buying an additional 225 shares during the last quarter. Finally, Ruggie Capital Group bought a new stake in Paycom Software during the 2nd quarter valued at $58,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

NYSE:PAYC traded up $5.93 during mid-day trading on Wednesday, hitting $231.24. 18,919 shares of the stock traded hands, compared to its average volume of 631,159. The firm’s 50-day moving average is $233.52. The company has a market cap of $13.38 billion, a P/E ratio of 106.24, a PEG ratio of 3.20 and a beta of 1.59. Paycom Software has a 12-month low of $107.46 and a 12-month high of $246.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

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Earnings History and Estimates for Paycom Software (NYSE:PAYC)

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