Zacks: Analysts Expect Paycom Software Inc (PAYC) to Post $0.23 EPS

Wall Street analysts forecast that Paycom Software Inc (NYSE:PAYC) will report earnings of $0.23 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Paycom Software’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.21. Paycom Software posted earnings per share of $0.18 during the same quarter last year, which indicates a positive year over year growth rate of 27.8%. The business is expected to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Paycom Software will report full year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.23 to $1.29. For the next financial year, analysts anticipate that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.39 to $1.81. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Paycom Software.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $100.47 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Paycom Software’s quarterly revenue was up 31.0% on a year-over-year basis.

PAYC has been the topic of several research reports. Robert W. Baird reissued a “buy” rating and set a $78.00 price objective on shares of Paycom Software in a research note on Tuesday, September 12th. Barclays upped their target price on shares of Paycom Software from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 13th. Northland Securities started coverage on shares of Paycom Software in a research note on Thursday, September 21st. They issued an “outperform” rating and a $85.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Paycom Software in a research note on Friday, October 6th. Finally, Mizuho reiterated a “hold” rating and issued a $70.00 target price on shares of Paycom Software in a research note on Thursday, October 12th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $83.44.

In other news, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total transaction of $3,998,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total transaction of $868,120.00. The disclosure for this sale can be found here. 17.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Paycom Software by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after buying an additional 167 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Paycom Software during the third quarter valued at approximately $164,000. PNC Financial Services Group Inc. increased its holdings in Paycom Software by 7.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after buying an additional 150 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Paycom Software during the second quarter valued at approximately $203,000. Finally, Fiduciary Trust Co. purchased a new stake in Paycom Software during the second quarter valued at approximately $215,000. 88.41% of the stock is owned by hedge funds and other institutional investors.

Paycom Software (NYSE:PAYC) traded down $0.34 during trading hours on Wednesday, reaching $84.38. 350,716 shares of the company traded hands, compared to its average volume of 397,843. Paycom Software has a 1-year low of $42.52 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $4,990.00, a price-to-earnings ratio of 79.60, a P/E/G ratio of 2.71 and a beta of 1.67.

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About Paycom Software

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.

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