Brokerages Anticipate Paycom Software, Inc. (NYSE: PAYC) to Announce EPS of $ 1.08
Equity research analysts expect Paycom Software, Inc. (NYSE: PAYC) to report earnings of $ 1.08 per share for the current quarter, according to Zacks. Eight analysts have estimated the earnings of Paycom Software. The lowest EPS estimate is $ 1.05 and the highest is $ 1.11. Paycom Software posted earnings per share of $ 0.84 in the same quarter last year, which would suggest a positive growth rate of 28.6% year-over-year. The company is expected to announce its next earnings report on Wednesday, February 9.
On average, analysts predict that Paycom Software will report annual earnings of $ 4.44 per share for the current fiscal year, with EPS estimates ranging from $ 4.41 to $ 4.47. For the next fiscal year, analysts expect the company to report earnings of $ 5.53 per share, with EPS estimates ranging from $ 5.45 to $ 5.74. Zacks Investment Research’s BPA calculations are an average based on a survey of research companies that provide coverage for Paycom Software.
Paycom Software (NYSE: PAYC) last released its results on Tuesday, November 2. The software maker reported earnings per share (EPS) of $ 0.92 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.60 of $ 0.32. The company posted revenue of $ 256.19 million in the quarter, compared to analysts’ estimates of $ 250.26 million. Paycom Software had a net margin of 17.31% and a return on equity of 22.57%. In the same quarter of last year, the company made EPS of $ 0.47.
PAYC has been the subject of a number of research reports. Zacks Investment Research downgraded Paycom Software’s stock from a “strong buy” rating to a “hold” rating and set a target price of $ 519.00 for the stock. in a research report on Tuesday, October 5. Piper Sandler raised her price target for the Paycom Software stock from $ 472.00 to $ 622.00 and rated the stock “overweight” in a research report published on Wednesday, November 3. Oppenheimer raised its price target for the Paycom Software stock from $ 500.00 to $ 595.00 and rated the stock as “outperforming” in a research report published on Wednesday, November 3. KeyCorp raised its target price on the Paycom Software stock from $ 475.00 to $ 575.00 and rated the stock “overweight” in a research report released Thursday, November 4. Finally, Wolfe Research increased its target price on the Paycom Software stock from $ 450.00 to $ 550.00 and gave the stock an “outperformance” rating in a research report published on Wednesday, November 3. Five equity research analysts rated the stock with a conservation rating and nine issued a buy rating for the stock. According to data from MarketBeat.com, Paycom Software currently has an average rating of “Buy” and an average price target of $ 545.43.
PAYC traded up $ 2.08 on Friday, reaching $ 423.83. The company’s 146,759 shares traded hands, compared to its average volume of 375,850. Paycom Software has a one-year low of $ 302.44 and a one-year high of $ 558.97. The company has a fifty-day simple moving average of $ 469.77 and a two-hundred-day simple moving average of $ 447.57. The company has a market cap of $ 25.44 billion, a P / E ratio of 143.67, a price / earnings-growth ratio of 5.27 and a beta of 1.48. The company has a quick ratio of 1.07, a current ratio of 1.07, and a debt ratio of 0.03.
Institutional investors and hedge funds have recently bought and sold stocks. Handelsbanken Fonder AB increased its stake in Paycom Software by 13.4% in the second quarter. Handelsbanken Fonder AB now owns 14,574 shares of the software maker valued at $ 5,297,000 after acquiring an additional 1,724 shares in the last quarter. CX Institutional increased its stake in Paycom Software by 62.5% in the 2nd quarter. CX Institutional now owns 169 shares of the software maker valued at $ 61,000 after acquiring 65 additional shares in the last quarter. Russell Investments Group Ltd. increased its stake in Paycom Software by 9.4% in the second quarter. Russell Investments Group Ltd. now owns 185,945 shares of the software maker valued at $ 67,583,000 after acquiring an additional 15,960 shares in the last quarter. IndexIQ Advisors LLC increased its stake in Paycom Software by 11.5% in the 2nd quarter. IndexIQ Advisors LLC now owns 836 shares of the software maker valued at $ 304,000 after acquiring 86 additional shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Paycom Software by 13.4% in the second quarter. Envestnet Asset Management Inc. now owns 100,308 shares of the software maker valued at $ 36,459,000 after acquiring an additional 11,890 shares during the last quarter. Hedge funds and other institutional investors hold 71.89% of the company’s shares.
Paycom Software Company Profile
Paycom Software, Inc provides comprehensive cloud-based Human Capital Management (HCM) software solutions delivered as Software as a Service. It provides the features and data analytics businesses need to manage the entire employment lifecycle, from recruiting to retirement. Its solutions require virtually no customization and rely on a central registration system maintained in a single database for all HCM functions, including talent acquisition, time management and workforce applications. work, payroll, talent management and human resources.
See also: Explanation upward / downward
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