Paycom Software (NYSE:PAYC) issued its quarterly earnings data on Tuesday. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.13, Bloomberg Earnings reports. The firm had revenue of $150.33 million during the quarter, compared to the consensus estimate of $144.10 million. Paycom Software had a net margin of 22.37% and a return on equity of 39.19%. The business’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Paycom Software updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.
PAYC stock opened at $156.96 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software has a 52 week low of $80.39 and a 52 week high of $164.08. The firm has a market cap of $9.14 billion, a P/E ratio of 178.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.78.
In other Paycom Software news, CFO Craig E. Boelte sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $128.78, for a total value of $1,545,360.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 16.24% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PAYC. Public Employees Retirement System of Ohio bought a new stake in Paycom Software during the 2nd quarter valued at about $1,998,000. Advisors Asset Management Inc. grew its stake in shares of Paycom Software by 11.7% in the second quarter. Advisors Asset Management Inc. now owns 13,749 shares of the software maker’s stock worth $1,359,000 after acquiring an additional 1,439 shares during the period. United Services Automobile Association grew its position in Paycom Software by 101.7% during the second quarter. United Services Automobile Association now owns 25,980 shares of the software maker’s stock valued at $2,568,000 after buying an additional 13,100 shares during the period. Nwam LLC bought a new stake in Paycom Software during the third quarter valued at approximately $255,000. Finally, We Are One Seven LLC bought a new stake in Paycom Software during the third quarter valued at approximately $419,000. 77.46% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. KeyCorp reaffirmed an “overweight” rating and set a $182.00 target price (up from $133.00) on shares of Paycom Software in a report on Wednesday. Canaccord Genuity lowered their target price on shares of Paycom Software from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. Zacks Investment Research cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Credit Suisse Group lifted their price objective on shares of Paycom Software from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $136.81.
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Paycom Software Company Profile
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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