Paycom Software (NYSE:PAYC – Get Rating) will report quarterly results after the market close on Tuesday, February 7. Analysts expect Paycom Software to post earnings of $1.46 per share for the quarter. Interested parties can listen to the company’s conference call using this link.
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Paycom Software (NYSE:PAYC – Get Rating) last reported quarterly results on Tuesday, November 1. The software maker reported earnings of $0.92 per share for the quarter, beating analysts’ consensus forecast of $0.81 by $0.11. Paycom Software’s return on equity was 24.24% and net profit margin was 19.40%. The company posted revenue of $334.17 million for the quarter, compared to consensus expectations of $328.09 million. On average, analysts expect Paycom Software to report EPS of $5 in the current fiscal year and $6 in the next fiscal year.
Paycom Software Transactions Down 2.0 %
PAYC shares 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. On Paycom Software, his 52-week low is $255.82 and his 52-week high is $402.78. The company has a market capitalization of $18.95 billion, a PE ratio of 73.26, a price/earnings 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 Rating Change
Many equity analysts have recently put a lot of weight on equities. Cowen raised his price target on Paycom Software stock to $381.00 from his $365.00 in a report on Wednesday, November 2nd. Citigroup raised its price target on Paycom Software from $393.00 to $400.00, giving it a Buy rating in its Wednesday, November 2nd report. Wolfe Research has raised Paycom Software’s target price from $400.00 to $410.00, giving it an “Outperform” rating in its research report on Wednesday, November 2nd. Moffett Nathanson took on coverage of Paycom Software’s stock in a report on Monday, January 9th. They set an “underperform” rating and a price target of $310.00. Finally, Deutsche Bank Aktiengesellschaft lowered Paycom Software’s price target from $425.00 to $400.00, giving the stock a ‘buy’ rating in its research notes on Monday, January 23rd. One of his investment analysts issued a sell rating, five a hold rating, and nine a buy rating. According to MarketBeat.com, the company has an average rating of “moderate buy” and a consensus target price of $382.82.
institution inflow and outflow
Many institutional investors have recently changed positions in their businesses. Fairfield Bush & Co. acquired new stake in Paycom Software worth approximately $48,000 in the first quarter. Cetera Advisor Networks LLC increased his Paycom Software stock position by 15.4% in the first quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker worth $267,000 after purchasing an additional 103 shares of him last quarter. Acadian Asset Management LLC increased its position in Paycom Software by 356.2% in the first quarter. Acadian Asset Management LLC owns 406 shares of software maker stock valued at $140,000 after purchasing an additional 317 shares during this period. Panagora Asset Management Inc. increased its Paycom Software stock position by 62.1% in the first quarter. He owns 3,740 shares of the software maker worth $1,295,000 after Panagora Asset Management Inc. purchased an additional 1,433 of his shares during the previous quarter. Finally, Pennsylvania Public Schools employee Retrmt SYS increased his Paycom Software stake by 6.6% in the first quarter. Pennsylvania public school employee Retrmt SYS now owns 6,443 shares of the software maker worth $2,232,000 after purchasing an additional 401 of his shares last quarter. 88.58% of the shares are owned by institutional investors.
About Paycom Software
Paycom Software, Inc is committed to providing cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It provides the functionality and data analytics companies need to manage the complete employment lifecycle from recruitment to retirement. Its solutions include Talent Acquisition, Time and Labor Management, Payroll, Talent Management and Human Resource Management.
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