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.

Several equities research analysts recently weighed in on PAYC shares. Oppenheimer increased their price objective on shares of Paycom Software from $120.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. ValuEngine lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Credit Suisse Group raised their price target on shares of Paycom Software from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, August 1st. KeyCorp restated a “buy” rating and issued a $133.00 price target on shares of Paycom Software in a research note on Wednesday, August 1st. Finally, Needham & Company LLC began coverage on shares of Paycom Software in a research note on Wednesday, July 18th. They issued a “buy” rating and a $130.00 price target on the stock. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $116.53.

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.

See Also: Moving Average (MA)

Get a free copy of the Zacks research report on Paycom Software (PAYC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Paycom Software (NYSE:PAYC)

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.