Paycom Software (PAYC) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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Paycom Software (NYSE:PAYC) released its quarterly earnings data on Tuesday. The software maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01, MarketWatch Earnings reports. The firm had revenue of $133.29 million for the quarter, compared to analyst estimates of $130.52 million. Paycom Software had a net margin of 20.85% and a return on equity of 42.01%. Paycom Software’s quarterly revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Paycom Software updated its guidance to EPS.

NYSE PAYC traded down $4.29 on Wednesday, hitting $125.30. The stock had a trading volume of 2,155,303 shares, compared to its average volume of 843,927. Paycom Software has a one year low of $74.35 and a one year high of $164.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 142.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.63.

PAYC has been the topic of several research reports. Royal Bank of Canada increased their price objective on shares of Paycom Software to $115.00 and gave the stock a “sector perform” rating in a research note on Monday, July 30th. Canaccord Genuity lowered shares of Paycom Software from a “buy” rating to a “hold” rating and increased their price objective for the stock from $130.00 to $150.00 in a research note on Monday, October 1st. They noted that the move was a valuation call. Guggenheim initiated coverage on shares of Paycom Software in a research note on Monday, August 20th. They set a “neutral” rating and a $140.00 price objective on the stock. Zacks Investment Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating and set a $155.00 price objective on the stock in a research note on Friday, August 3rd. Finally, Oppenheimer increased their price objective on shares of Paycom Software from $120.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Paycom Software has an average rating of “Buy” and an average price target of $122.84.

In other Paycom Software news, Director Robert J. Levenson sold 4,500 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $139.53, for a total value of $627,885.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig E. Boelte sold 12,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $155.63, for a total transaction of $1,867,560.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,200 shares of company stock valued at $11,855,816. 16.24% of the stock is owned by insiders.

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

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