Equities analysts predict that Paycom (NYSE:PAYC) will report earnings per share of $0.90 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Paycom’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.87. Paycom reported earnings of $0.47 per share during the same quarter last year, which would suggest a positive year over year growth rate of 91.5%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, May 1st.
On average, analysts expect that Paycom will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.97. For the next fiscal year, analysts anticipate that the business will post earnings of $3.06 per share, with EPS estimates ranging from $2.73 to $3.82. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Paycom.
Paycom (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The business had revenue of $114.00 million for the quarter, compared to analyst estimates of $113.01 million. Paycom had a return on equity of 46.27% and a net margin of 15.43%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS.
Several equities research analysts have recently commented on the company. Barclays lowered Paycom from an “overweight” rating to an “equal weight” rating and set a $97.00 price target on the stock. in a research note on Thursday. Mizuho decreased their price target on Paycom from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Dougherty & Co boosted their price target on Paycom from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird boosted their price target on Paycom from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their price target on Paycom from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $95.29.
Shares of NYSE:PAYC traded down $0.81 during trading on Thursday, hitting $111.46. 589,564 shares of the stock were exchanged, compared to its average volume of 736,454. The firm has a market capitalization of $6,571.65, a price-to-earnings ratio of 126.66, a price-to-earnings-growth ratio of 2.42 and a beta of 1.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. Paycom has a 12-month low of $57.67 and a 12-month high of $115.48.
Paycom announced that its board has initiated a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
In related news, Director Robert J. Levenson sold 18,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $107.11, for a total value of $2,008,312.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey D. York sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $104.27, for a total value of $5,213,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,750 shares of company stock worth $10,603,528. 16.24% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Aperio Group LLC acquired a new position in Paycom in the 4th quarter valued at $201,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Paycom by 49.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock valued at $220,000 after acquiring an additional 908 shares during the last quarter. Ramsey Quantitative Systems acquired a new position in Paycom in the 4th quarter valued at $237,000. Cetera Advisors LLC acquired a new position in Paycom in the 4th quarter valued at $241,000. Finally, Polen Capital Management LLC acquired a new position in Paycom in the 4th quarter valued at $276,000. 87.64% of the stock is currently owned by hedge funds and other institutional investors.
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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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