Zacks: Analysts Expect Paycom (PAYC) Will Announce Quarterly Sales of $151.29 Million

Analysts predict that Paycom (NYSE:PAYC) will post $151.29 million in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Paycom’s earnings. The highest sales estimate is $152.10 million and the lowest is $150.52 million. Paycom posted sales of $119.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 26.6%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, May 1st.

On average, analysts expect that Paycom will report full-year sales of $544.77 million for the current year, with estimates ranging from $541.52 million to $552.00 million. For the next financial year, analysts expect that the company will post sales of $673.65 million per share, with estimates ranging from $661.66 million to $694.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Paycom.

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Paycom (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. Paycom had a return on equity of 46.27% and a net margin of 15.43%. The company had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $113.01 million. During the same quarter last year, the business earned $0.18 earnings per share. Paycom’s revenue was up 29.8% on a year-over-year basis.

Several analysts recently weighed in on the company. Credit Suisse Group raised their price objective on Paycom from $82.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Barclays lowered Paycom from an “overweight” rating to an “equal weight” rating and set a $97.00 price objective on the stock. in a research note on Thursday. Mizuho reduced their price objective on Paycom from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. KeyCorp raised Paycom from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, February 13th. Finally, Bank of America raised their price objective on Paycom from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $95.29.

Shares of NYSE PAYC traded down $1.50 during mid-day trading on Friday, reaching $109.96. The company had a trading volume of 744,211 shares, compared to its average volume of 672,446. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. Paycom has a one year low of $57.71 and a one year high of $115.48. The stock has a market capitalization of $6,596.51, a P/E ratio of 124.95, a PEG ratio of 2.43 and a beta of 1.47.

Paycom announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

In other news, insider Jeffrey D. York sold 50,000 shares of Paycom stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $104.27, for a total transaction of $5,213,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of Paycom stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $98.45, for a total value of $1,082,950.00. The disclosure for this sale can be found here. Insiders have sold 104,750 shares of company stock worth $10,603,528 over the last three months. Insiders own 16.24% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Aperio Group LLC acquired a new stake in shares of Paycom during the fourth quarter valued at about $201,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Paycom by 49.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock worth $220,000 after acquiring an additional 908 shares during the period. Ramsey Quantitative Systems acquired a new position in shares of Paycom in the fourth quarter worth approximately $237,000. Cetera Advisors LLC acquired a new position in shares of Paycom in the fourth quarter worth approximately $241,000. Finally, Polen Capital Management LLC acquired a new position in shares of Paycom in the fourth quarter worth approximately $276,000. 87.64% of the stock is currently owned by hedge funds and other institutional investors.

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Paycom Company Profile

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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