Paycom Software (NYSE:PAYC – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, February 7th. Analysts expect Paycom Software to post earnings of $1.46 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Paycom Software (NYSE:PAYC – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.11. Paycom Software had a return on equity of 24.24% and a net margin of 19.40%. The firm had revenue of $334.17 million for the quarter, compared to the consensus estimate of $328.09 million. On average, analysts expect Paycom Software to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Paycom Software Trading Down 2.0 %
PAYC stock opened at $315.76 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Paycom Software has a 52 week low of $255.82 and a 52 week high of $402.78. The company has a market capitalization of $18.95 billion, a PE ratio of 73.26, a price-to-earnings-growth ratio of 2.19 and a beta of 1.38. The company’s 50-day simple moving average is $313.63 and its 200 day simple moving average is $331.25.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Cowen boosted their price target on shares of Paycom Software from $365.00 to $381.00 in a report on Wednesday, November 2nd. Citigroup lifted their price objective on Paycom Software from $393.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Wolfe Research increased their target price on Paycom Software from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 2nd. Moffett Nathanson assumed coverage on shares of Paycom Software in a report on Monday, January 9th. They set an “underperform” rating and a $310.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Paycom Software from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $382.82.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Fairfield Bush & CO. acquired a new stake in Paycom Software during the 1st quarter worth approximately $48,000. Cetera Advisor Networks LLC lifted its position in shares of Paycom Software by 15.4% in the first quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker’s stock valued at $267,000 after buying an additional 103 shares during the last quarter. Acadian Asset Management LLC boosted its position in Paycom Software by 356.2% during the first quarter. Acadian Asset Management LLC now owns 406 shares of the software maker’s stock worth $140,000 after purchasing an additional 317 shares during the period. Panagora Asset Management Inc. grew its position in shares of Paycom Software by 62.1% in the first quarter. Panagora Asset Management Inc. now owns 3,740 shares of the software maker’s stock valued at $1,295,000 after purchasing an additional 1,433 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Paycom Software by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,443 shares of the software maker’s stock worth $2,232,000 after purchasing an additional 401 shares during the last quarter. 88.58% of the stock is owned by institutional investors.
About Paycom Software
Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.