Paycom Software Inc (PAYC) Expected to Post Earnings of $0.52 Per Share
Analysts expect Paycom Software Inc (NYSE:PAYC) to announce earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Paycom Software’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.55. Paycom Software posted earnings of $0.29 per share in the same quarter last year, which would suggest a positive year over year growth rate of 79.3%. The firm is expected to report its next earnings report on Tuesday, October 30th.
On average, analysts expect that Paycom Software will report full-year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.74. For the next financial year, analysts expect that the firm will post earnings of $3.21 per share, with EPS estimates ranging from $3.01 to $3.57. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Paycom Software.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.36 by $0.18. Paycom Software had a net margin of 20.85% and a return on equity of 42.01%. The business had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $124.47 million.
In related news, insider Jeffrey D. York sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $99.84, for a total value of $4,992,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Levenson sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $103.72, for a total transaction of $1,944,750.00. The disclosure for this sale can be found here. Insiders have sold 95,287 shares of company stock valued at $10,713,759 over the last 90 days. 16.24% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Westpac Banking Corp acquired a new position in Paycom Software in the 2nd quarter worth approximately $5,271,000. Rational Advisors LLC acquired a new position in Paycom Software in the 2nd quarter worth approximately $148,000. NN Investment Partners Holdings N.V. acquired a new position in Paycom Software in the 2nd quarter worth approximately $6,721,000. Prudential Financial Inc. boosted its stake in Paycom Software by 1,168.4% in the 1st quarter. Prudential Financial Inc. now owns 80,036 shares of the software maker’s stock worth $8,595,000 after purchasing an additional 73,726 shares during the period. Finally, Trexquant Investment LP acquired a new position in Paycom Software in the 2nd quarter worth approximately $1,480,000. 83.05% of the stock is owned by hedge funds and other institutional investors.
PAYC opened at $154.97 on Tuesday. The stock has a market cap of $9.01 billion, a P/E ratio of 89.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.61. Paycom Software has a fifty-two week low of $73.02 and a fifty-two week high of $164.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10.
About Paycom Software
Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
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