Zacks Research Weighs in on Paycom Software FY2028 Earnings

Paycom Software, Inc. (NYSE:PAYC) – Equities researchers at Zacks Research issued their FY2028 earnings per share estimates for shares of Paycom Software in a research report issued on Wednesday, March 4th. Zacks Research analyst Team forecasts that the software maker will earn $9.45 per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Paycom Software’s current full-year earnings is $7.15 per share.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. During the same period in the previous year, the firm earned $2.32 EPS. Paycom Software’s revenue was up 10.2% on a year-over-year basis.

Several other equities analysts have also commented on PAYC. UBS Group decreased their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, January 26th. BTIG Research dropped their target price on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Weiss Ratings lowered Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group decreased their price target on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Finally, KeyCorp lowered their price target on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $170.71.

Paycom Software Price Performance

Shares of PAYC opened at $138.48 on Monday. Paycom Software has a 1-year low of $104.90 and a 1-year high of $267.76. The stock has a market cap of $7.52 billion, a PE ratio of 17.12, a P/E/G ratio of 1.49 and a beta of 0.80. The firm has a 50-day simple moving average of $138.62 and a two-hundred day simple moving average of $172.35.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, March 9th. Paycom Software’s dividend payout ratio is presently 18.54%.

Insiders Place Their Bets

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at $2,398,747.02. This represents a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Paycom Software

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Paycom Software by 3.2% in the third quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after acquiring an additional 179,218 shares in the last quarter. State Street Corp grew its stake in Paycom Software by 0.4% during the 4th quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after purchasing an additional 8,419 shares in the last quarter. Baillie Gifford & Co. grew its stake in Paycom Software by 10.3% during the 3rd quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock worth $355,641,000 after purchasing an additional 158,967 shares in the last quarter. First Trust Advisors LP increased its holdings in Paycom Software by 19.9% during the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after purchasing an additional 275,954 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Paycom Software by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock worth $383,265,000 after purchasing an additional 83,154 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.