Analysts expect Paycom Software, Inc. (NYSE: PAYC) to report earnings per share of $1.08
Equity analysts expect Paycom Software, Inc. (NYSE: PAYC) to report earnings per share (EPS) of $1.08 for the current quarter, according to Zacks. Eight analysts provided earnings estimates for Paycom Software, with estimates ranging from $1.05 to $1.11. Paycom Software posted earnings of $0.84 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 28.6%. The company is expected to release its next earnings report after the market closes on Tuesday, February 8.
According to Zacks, analysts expect Paycom Software to report annual earnings of $4.44 per share for the current fiscal year, with EPS estimates ranging from $4.41 to $4.47. For the next fiscal year, analysts expect the company to post earnings of $5.52 per share, with EPS estimates ranging from $5.45 to $5.67. Zacks EPS calculations are an average based on a survey of research companies that track Paycom Software.
Paycom Software (NYSE: PAYC) last announced its quarterly results on Tuesday, November 2. The software maker reported earnings per share of $0.92 for the quarter, beating Thomson Reuters consensus estimate of $0.60 from $0.32. Paycom Software had a return on equity of 22.57% and a net margin of 17.31%. The company posted revenue of $256.19 million in the quarter, compared to $250.26 million expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.47.
A number of research firms have weighed in on PAYC. Zacks Investment Research downgraded Paycom Software from a “hold” rating to a “sell” rating and set a target price of $360.00 for the stock. in a report on Friday, January 14. Citigroup assumed coverage for Paycom Software in a research note on Tuesday. They issued a “hold” rating and a price target of $335.00 on the stock. BMO Capital Markets assumed coverage for Paycom Software in a research note on Tuesday. They issued a “market performance” rating and a price target of $335.00 on the stock. Mizuho lowered its price target on Paycom Software from $450.00 to $325.00 and set a “neutral” rating on the stock in a Friday, January 28 research report. Finally, DA Davidson upgraded Paycom Software from a “neutral” rating to a “buy” rating and lowered its price target for the company from $550.00 to $385.00 in a Thursday 27 research report. January. One research analyst rated the stock with a sell rating, five assigned a hold rating, and ten assigned the company a buy rating. According to MarketBeat, Paycom Software currently has a consensus rating of “Buy” and a consensus price target of $444.88.
PAYC shares opened at $314.68 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt ratio of 0.03. The company has a 50-day moving average price of $381.74 and a two-hundred-day moving average price of $445.56. Paycom Software has a 12 month minimum of $296.68 and a 12 month maximum of $558.97. The company has a market capitalization of $18.89 billion, a P/E ratio of 106.67, a price-to-earnings growth ratio of 3.05 and a beta of 1.45.
Several institutional investors have recently bought and sold shares of the company. Capital Research Global Investors increased its stake in Paycom Software by 189.6% during the third quarter. Capital Research Global Investors now owns 1,632,393 shares of the software maker valued at $809,259,000 after purchasing an additional 1,068,686 shares during the period. Wellington Management Group LLP increased its stake in Paycom Software by 25.9% during the third quarter. Wellington Management Group LLP now owns 1,478,690 shares of the software maker valued at $733,060,000 after purchasing an additional 304,054 shares during the period. Lord Abbett & CO. LLC increased its stake in Paycom Software by 670.7% during the third quarter. Lord Abbett & CO. LLC now owns 315,885 shares of the software maker valued at $156,600,000 after purchasing an additional 274,898 shares during the period. Macquarie Group Ltd. increased its stake in Paycom Software by 73.6% during the second quarter. Macquarie Group Ltd. now owns 554,395 shares of the software maker valued at $201,506,000 after purchasing an additional 235,120 shares during the period. Finally, Alyeska Investment Group LP increased its stake in Paycom Software by 92.1% during the second quarter. Alyeska Investment Group LP now owns 437,233 shares of the software maker valued at $158,921,000 after purchasing an additional 209,611 shares during the period. 72.78% of the shares are held by hedge funds and other institutional investors.
Paycom Software Company Profile
Paycom Software, Inc provides comprehensive cloud-based human capital management (HCM) software solutions delivered as software as a service. It provides features and data analytics businesses need to manage the full employment lifecycle, from recruitment to retirement. Its solutions require virtually no customization and are based on a central system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management. , payroll, talent management and human resource management applications.
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