$0.13 EPS Expected for Paycom Software, Inc. (NYSE:PAYC) This Quarter
Analysts expect that Paycom Software, Inc. (NYSE:PAYC) will announce $0.13 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for Paycom Software’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.12. Paycom Software posted earnings per share of $0.16 in the same quarter last year, which would indicate a negative year over year growth rate of 18.8%. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, August 1st.
According to Zacks, analysts expect that Paycom Software will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.63 to $0.88. For the next financial year, analysts expect that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.76 to $0.97. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Paycom Software.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, May 2nd. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Paycom Software had a return on equity of 33.01% and a net margin of 14.19%. The firm had revenue of $119.51 million for the quarter, compared to analyst estimates of $115.70 million.
PAYC has been the topic of several recent analyst reports. Zacks Investment Research raised Paycom Software from a “sell” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, April 11th. TheStreet raised Paycom Software from a “c” rating to a “b+” rating in a research report on Monday, April 17th. UBS AG reissued a “buy” rating on shares of Paycom Software in a research report on Wednesday, May 3rd. Wunderlich upped their price target on Paycom Software from $62.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus upped their price target on Paycom Software from $55.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Paycom Software currently has an average rating of “Buy” and a consensus price target of $65.54.
Shares of Paycom Software (NYSE:PAYC) traded up 2.51% during mid-day trading on Friday, reaching $71.39. The company’s stock had a trading volume of 165,150 shares. Paycom Software has a 52-week low of $39.15 and a 52-week high of $73.61. The firm’s 50 day moving average is $68.69 and its 200-day moving average is $59.09. The company has a market capitalization of $4.13 billion, a PE ratio of 83.30 and a beta of 1.77.
In other news, insider Stacey M. Pezold sold 30,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $70.15, for a total transaction of $2,104,500.00. 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 40,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $66.93, for a total value of $2,677,200.00. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Paycom Software by 144.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,201 shares of the software maker’s stock valued at $146,000 after buying an additional 1,893 shares in the last quarter. Strs Ohio boosted its position in Paycom Software by 342.9% in the first quarter. Strs Ohio now owns 3,100 shares of the software maker’s stock valued at $178,000 after buying an additional 2,400 shares in the last quarter. Bfsg LLC acquired a new position in Paycom Software during the first quarter valued at $203,000. Ameritas Investment Partners Inc. acquired a new position in Paycom Software during the first quarter valued at $219,000. Finally, Eqis Capital Management Inc. acquired a new position in Paycom Software during the first quarter valued at $240,000. Institutional investors own 90.52% of the company’s stock.
Paycom Software Company Profile
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Paycom Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software Inc. and related stocks with our FREE daily email newsletter.