$151.04 Million in Sales Expected for Paycom Software Inc (PAYC) This Quarter
Equities research analysts expect Paycom Software Inc (NYSE:PAYC) to report sales of $151.04 million for the current quarter, Zacks reports. Eight analysts have issued estimates for Paycom Software’s earnings, with the highest sales estimate coming in at $152.10 million and the lowest estimate coming in at $149.86 million. Paycom Software posted sales of $119.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 26.4%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Paycom Software will report full year sales of $151.04 million for the current financial year, with estimates ranging from $541.52 million to $552.00 million. For the next year, analysts anticipate that the business will post sales of $672.42 million per share, with estimates ranging from $661.66 million to $694.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Paycom Software.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Paycom Software had a return on equity of 45.18% and a net margin of 15.43%. The company had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $113.01 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis.
Shares of Paycom Software (NYSE PAYC) opened at $92.08 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. Paycom Software has a 52 week low of $51.80 and a 52 week high of $93.61. The firm has a market capitalization of $5,320.00, a P/E ratio of 80.77, a price-to-earnings-growth ratio of 2.10 and a beta of 1.70.
In related news, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total value of $3,998,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $868,120.00. The disclosure for this sale can be found here. Insiders have sold 79,750 shares of company stock valued at $6,533,308 in the last 90 days. Company insiders own 17.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. boosted its holdings in shares of Paycom Software by 1.4% in the second quarter. 1st Global Advisors Inc. now owns 5,567 shares of the software maker’s stock valued at $381,000 after purchasing an additional 75 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Paycom Software by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after purchasing an additional 150 shares during the period. Stifel Financial Corp boosted its holdings in shares of Paycom Software by 3.8% in the second quarter. Stifel Financial Corp now owns 8,882 shares of the software maker’s stock valued at $612,000 after purchasing an additional 328 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Paycom Software by 13.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,329 shares of the software maker’s stock valued at $296,000 after purchasing an additional 528 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Paycom Software by 6.8% in the fourth quarter. US Bancorp DE now owns 9,220 shares of the software maker’s stock valued at $740,000 after purchasing an additional 584 shares during the period. Hedge funds and other institutional investors own 87.12% of the company’s stock.
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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.
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