Paycom Software, Inc. (PAYC) Expected to Post Earnings of $0.23 Per Share

Analysts expect that Paycom Software, Inc. (NYSE:PAYC) will post earnings of $0.23 per share for the current fiscal quarter, Zacks reports. 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 posted earnings per share of $0.18 during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.8%. The company is scheduled to report 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 financial year, with EPS estimates ranging from $1.23 to $1.29. For the next fiscal 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 calculations are a mean average based on a survey of analysts that that provide coverage for Paycom Software.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. Paycom Software’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS.

PAYC has been the subject of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and set a $78.00 target price on shares of Paycom Software in a report on Tuesday, September 12th. Bank of America initiated coverage on shares of Paycom Software in a report on Monday, November 6th. They set a “buy” rating and a $92.00 target price for the company. Northland Securities initiated coverage on shares of Paycom Software in a report on Thursday, September 21st. They set an “outperform” rating and a $85.00 target price for the company. Barclays lifted their target price on shares of Paycom Software from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, September 13th. Finally, Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.44.

Paycom Software (NYSE:PAYC) traded down $1.62 during trading hours on Thursday, hitting $77.92. 440,944 shares of the stock traded hands, compared to its average volume of 593,220. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $4,583.06, a price-to-earnings ratio of 73.51, a price-to-earnings-growth ratio of 3.38 and a beta of 1.68. Paycom Software has a 52-week low of $42.52 and a 52-week high of $86.10.

In related news, insider Jeffrey D. York sold 40,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $74.81, for a total value of $2,992,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PAYC. JPMorgan Chase & Co. increased its holdings in Paycom Software by 96.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock worth $87,664,000 after acquiring an additional 574,658 shares in the last quarter. Capital World Investors increased its holdings in Paycom Software by 6.7% in the 2nd quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock worth $452,389,000 after acquiring an additional 415,000 shares in the last quarter. BlackRock Inc. increased its holdings in Paycom Software by 12.7% in the 2nd quarter. BlackRock Inc. now owns 3,001,044 shares of the software maker’s stock worth $205,302,000 after acquiring an additional 338,351 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Paycom Software by 60.3% in the 2nd quarter. New York State Common Retirement Fund now owns 748,858 shares of the software maker’s stock worth $51,229,000 after acquiring an additional 281,778 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in Paycom Software in the 2nd quarter worth $271,000. 88.54% 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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