Paycom Software Inc (PAYC) Expected to Post Earnings of $0.56 Per Share

Wall Street brokerages expect Paycom Software Inc (NYSE:PAYC) to announce earnings of $0.56 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Paycom Software’s earnings, with estimates ranging from $0.53 to $0.60. Paycom Software reported earnings per share of $0.29 during the same quarter last year, which would suggest a positive year-over-year growth rate of 93.1%. The business is scheduled to issue its next earnings report on Tuesday, February 5th.

On average, analysts expect that Paycom Software will report full year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.58 to $2.67. For the next year, analysts anticipate that the company will report earnings of $3.20 per share, with EPS estimates ranging from $3.05 to $3.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Paycom Software.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, October 30th. The software maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company had revenue of $133.29 million during the quarter, compared to the consensus estimate of $130.52 million. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The firm’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS.

Several analysts have recently commented on the company. Credit Suisse Group raised their target price on Paycom Software from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Needham & Company LLC raised their target price on Paycom Software to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Canaccord Genuity reduced their target price on Paycom Software from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Barclays raised their target price on Paycom Software from $117.00 to $131.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st. Finally, Jefferies Financial Group raised their target price on Paycom Software to $139.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $127.65.

In other Paycom Software news, insider Kathy Oden-Hall sold 2,000 shares of Paycom Software stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $140.21, for a total transaction of $280,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey D. York sold 50,000 shares of Paycom Software stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $152.53, for a total value of $7,626,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,200 shares of company stock valued at $11,855,816 in the last quarter. Company insiders own 16.24% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Keybank National Association OH boosted its stake in shares of Paycom Software by 10.8% in the 2nd quarter. Keybank National Association OH now owns 4,262 shares of the software maker’s stock worth $421,000 after buying an additional 414 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Paycom Software by 3.3% in the 3rd quarter. Bank of Montreal Can now owns 13,652 shares of the software maker’s stock worth $2,122,000 after buying an additional 442 shares during the last quarter. Creative Planning boosted its stake in shares of Paycom Software by 5.8% in the 3rd quarter. Creative Planning now owns 8,445 shares of the software maker’s stock worth $1,312,000 after buying an additional 461 shares during the last quarter. Concorde Asset Management LLC boosted its stake in shares of Paycom Software by 22.4% in the 2nd quarter. Concorde Asset Management LLC now owns 2,557 shares of the software maker’s stock worth $253,000 after buying an additional 468 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Paycom Software by 1.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 39,740 shares of the software maker’s stock worth $6,177,000 after buying an additional 468 shares during the last quarter. Institutional investors and hedge funds own 82.61% of the company’s stock.

Shares of PAYC traded down $0.36 during trading hours on Monday, hitting $126.97. The stock had a trading volume of 587,453 shares, compared to its average volume of 920,260. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $7.52 billion, a PE ratio of 144.28, a P/E/G ratio of 2.33 and a beta of 1.83. Paycom Software has a 1-year low of $75.39 and a 1-year high of $164.08.

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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