Analysts predict that Paycom Software Inc (NYSE:PAYC) will post sales of $143.93 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Paycom Software’s earnings, with estimates ranging from $143.57 million to $144.36 million. Paycom Software reported sales of $114.03 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.2%. The company is expected to announce its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Paycom Software will report full-year sales of $559.93 million for the current year, with estimates ranging from $559.58 million to $560.37 million. For the next fiscal year, analysts anticipate that the company will report sales of $695.07 million, with estimates ranging from $688.70 million to $709.60 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Paycom Software.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $133.29 million for the quarter, compared to the consensus estimate of $130.52 million. Paycom Software had a net margin of 22.37% and a return on equity of 39.19%. The firm’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share.

A number of brokerages recently weighed in on PAYC. Stifel Nicolaus increased their price objective on shares of Paycom Software from $100.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Canaccord Genuity lowered their price objective on shares of Paycom Software from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, October 31st. Royal Bank of Canada increased their price objective on shares of Paycom Software to $115.00 and gave the company a “sector perform” rating in a research report on Monday, July 30th. 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 report on Friday, August 3rd. Finally, Barclays increased their price objective on shares of Paycom Software from $117.00 to $131.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 1st. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Paycom Software currently has an average rating of “Buy” and an average target price of $127.65.

Paycom Software stock traded down $0.36 during midday trading on Wednesday, reaching $126.97. 587,453 shares of the company traded hands, compared to its average volume of 920,260. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 144.28, a price-to-earnings-growth ratio of 2.33 and a beta of 1.83. Paycom Software has a 12 month low of $75.39 and a 12 month high of $164.08. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09.

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

A number of hedge funds have recently made changes to their positions in PAYC. SeaCrest Wealth Management LLC increased its holdings in Paycom Software by 154.3% during the second quarter. SeaCrest Wealth Management LLC now owns 1,030 shares of the software maker’s stock valued at $102,000 after buying an additional 625 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Paycom Software in the second quarter worth $119,000. Truvestments Capital LLC purchased a new stake in shares of Paycom Software in the third quarter worth $132,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Paycom Software in the third quarter worth $144,000. Finally, Rational Advisors LLC purchased a new stake in shares of Paycom Software in the second quarter worth $148,000. 82.61% of the stock is owned by institutional investors and hedge funds.

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 and Estimates for Paycom Software (NYSE:PAYC)

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