Zacks Research Predicts Paycom Software FY2028 Earnings

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

Other analysts have also recently issued reports about the company. Mizuho cut their price objective on Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Citigroup reduced their price objective on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Weiss Ratings lowered Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 3rd. Barclays boosted their price target on Paycom Software from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, March 6th. Finally, TD Cowen lowered their price target on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average target price of $170.71.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $131.98 on Monday. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.46 and a beta of 0.80. The company’s 50 day moving average price is $138.05 and its 200-day moving average price is $171.63. Paycom Software has a 52-week low of $104.90 and a 52-week high of $267.76.

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

Hedge Funds Weigh In On Paycom Software

A number of hedge funds have recently made changes to their positions in PAYC. Reinhart Partners LLC. increased its stake in Paycom Software by 887.4% in the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after acquiring an additional 537,726 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Paycom Software by 10,106.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after purchasing an additional 482,186 shares during the period. Contour Asset Management LLC bought a new position in shares of Paycom Software during the fourth quarter valued at approximately $60,333,000. Two Sigma Investments LP grew its position in Paycom Software by 228.7% in the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after acquiring an additional 370,219 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Paycom Software by 28.2% in the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Dividend Announcement

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

About Paycom Software

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.