Paycom Software (NYSE:PAYC) Announces Earnings Results, Beats Expectations By $0.03 EPS

Paycom Software (NYSE:PAYC) issued its earnings results on Wednesday. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03, Zacks reports. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%.

Paycom Software Stock Up 2.2 %

Shares of PAYC stock traded up $4.40 during mid-day trading on Wednesday, reaching $207.77. 1,229,236 shares of the company’s stock traded hands, compared to its average volume of 512,446. Paycom Software has a 12 month low of $139.50 and a 12 month high of $242.74. The company has a market cap of $11.98 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.81 and a beta of 1.15. The company’s 50-day moving average price is $211.71 and its 200-day moving average price is $191.26.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.72%. Paycom Software’s payout ratio is 18.05%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PAYC shares. Citigroup cut their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen boosted their price objective on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets raised their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Barclays lowered their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $204.75.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.