Analysts expect Paycom Software, Inc. (NYSE: PAYC – Get a rating) to report earnings per share of $1.12 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts provided earnings estimates for Paycom Software, with the highest EPS estimate being $1.15 and the lowest estimate being $1.08. Paycom Software reported earnings of $0.97 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 15.5%. The company is expected to release its next results on Monday, January 1.
On average, analysts expect Paycom Software to report annual earnings of $5.53 per share for the current fiscal year, with EPS estimates ranging from $5.44 to $5.64. For the next fiscal year, analysts expect the company to post earnings of $6.92 per share, with EPS estimates ranging from $6.68 to $7.14. Zacks earnings per share calculations are an average average based on a survey of research analysts who provide coverage for Paycom Software.
Payment software (NYSE: PAYC – Get a rating) last released its quarterly results on Tuesday, May 3. The software maker reported earnings per share of $1.90 for the quarter, beating the consensus estimate of $1.75 by $0.15. The company posted revenue of $353.52 million for the quarter, versus $343.20 million expected by analysts. Paycom Software had a return on equity of 25.12% and a net margin of 19.64%. The company’s revenue increased by 29.9% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.10.
A number of research analysts have weighed in on PAYC shares recently. Mizuho raised its price target on Paycom Software from $325.00 to $350.00 and gave the company a “neutral” rating in a Wednesday, Feb. 9 research report. Piper Sandler reduced its price target on Paycom Software from $505.00 to $430.00 in a Wednesday, May 4 research report. TheStreet downgraded Paycom Software from a “b-” rating to a “c+” rating in a Monday, May 2 research report. BMO Capital Markets began covering Paycom Software in a research report on Tuesday, February 1. They set a “market performance” rating and a price target of $335.00 for the company. To finish, StockNews.com began covering Paycom Software in a research report on Thursday, March 31. They set a “holding” rating for the company. One research analyst has assigned the stock a sell rating, five have issued a hold rating and nine have assigned the company a buy rating. According to MarketBeat.com, Paycom Software currently has an average rating of “Buy” and a consensus price target of $396.29.
NYSE: PAYC opened at $269.66 on Tuesday. Paycom Software has a one-year minimum of $259.95 and a one-year maximum of $558.97. The company has a debt ratio of 0.03, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 70.22, a growth price-to-earnings ratio of 2.60 and a beta of 1.54. The company has a fifty-day moving average price of $315.43 and a 200-day moving average price of $362.25.
In other Paycom Software news, EVP Justin Devon Long sold 151 shares of the company in a trade dated Wednesday, May 11. The shares were sold at an average price of $275.23, for a total value of $41,559.73. Following the completion of the sale, the executive vice president now owns 2,956 shares of the company, valued at $813,579.88. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. Also, insider Holly Faurot sold 194 shares of Paycom Software in a trade that took place on Monday, May 9. The shares were sold at an average price of $280.32, for a total transaction of $54,382.08. Following the sale, the insider now directly owns 45,180 shares of the company, valued at approximately $12,664,857.60. Disclosure of this sale can be found here. In the past three months, insiders have sold 14,290 shares of the company valued at $3,934,164. 15.20% of the shares are held by insiders.
Several institutional investors have recently bought and sold shares of PAYC. Moors & Cabot Inc. purchased a new equity stake in Paycom Software during the third quarter valued at approximately $25,000. Quent Capital LLC bought a new position in Paycom Software during the fourth quarter worth approximately $27,000. Allworth Financial LP increased its stake in Paycom Software by 157.1% during the first quarter. Allworth Financial LP now owns 108 shares of the software maker valued at $37,000 after buying an additional 66 shares during the period. Quadrant Capital Group LLC increased its stake in Paycom Software by 54.8% during the fourth quarter. Quadrant Capital Group LLC now owns 96 shares of the software maker valued at $40,000 after buying 34 additional shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in Paycom Software during the fourth quarter worth approximately $42,000. 87.12% of the shares are held by hedge funds and other institutional investors.
Paycom Software Company Profile (Get a rating)
Paycom Software, Inc provides a cloud-based Human Capital Management (HCM) solution delivered as software as a service for small and medium businesses in the United States. It offers the features and data analytics companies need to manage the employment lifecycle from recruitment to retirement.
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