“We are lowering 4QE revenue slightly on the hurricane disruption, but are raising EPS estimates because we see improving margins for this year and next. Despite increasing confidence in PAYC’s growth prospects for 2018, investor optimism after the 81% YTD move (vs. NASDAQ +26%) is reflected in the premium valuation at 43.6x EV/FCF on 2018 estimates (vs.”,” KeyCorp’s analyst commented.
A number of other equities research analysts have also recently issued reports on the stock. Robert W. Baird reissued a buy rating and set a $78.00 target price on shares of Paycom Software in a report on Tuesday, September 12th. Northland Securities started coverage on shares of Paycom Software in a report on Thursday, September 21st. They set an outperform rating and a $85.00 target price on the stock. Credit Suisse Group boosted their target price on shares of Paycom Software from $70.00 to $78.00 and gave the company an outperform rating in a report on Wednesday, August 2nd. Barclays PLC boosted their target price on shares of Paycom Software from $74.00 to $82.00 and gave the company an overweight rating in a report on Wednesday, September 13th. Finally, Mizuho reissued a hold rating and set a $70.00 target price on shares of Paycom Software in a report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Paycom Software has a consensus rating of Buy and a consensus target price of $82.94.
Shares of Paycom Software (PAYC) opened at $80.29 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $4,678.02, a P/E ratio of 75.04, a P/E/G ratio of 3.64 and a beta of 1.73. Paycom Software has a 1-year low of $39.15 and a 1-year high of $82.59.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 46.01%. Paycom Software’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. analysts expect that Paycom Software will post 0.82 earnings per share for the current fiscal year.
In related news, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total value of $821,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacey M. Pezold sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $75.02, for a total transaction of $750,200.00. The disclosure for this sale can be found here. Insiders sold 61,000 shares of company stock valued at $4,564,520 over the last quarter. 17.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PAYC. BlackRock Inc. boosted its position in Paycom Software by 74,069.7% during the first quarter. BlackRock Inc. now owns 2,662,693 shares of the software maker’s stock valued at $153,132,000 after buying an additional 2,659,103 shares during the period. Capital World Investors boosted its position in Paycom Software by 6.7% during the second quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock valued at $452,389,000 after buying an additional 415,000 shares during the period. New York State Common Retirement Fund boosted its position in Paycom Software by 60.3% during the second quarter. New York State Common Retirement Fund now owns 748,858 shares of the software maker’s stock valued at $51,229,000 after buying an additional 281,778 shares during the period. Koch Industries Inc. purchased a new stake in Paycom Software during the second quarter valued at about $271,000. Finally, Vanguard Group Inc. boosted its position in Paycom Software by 6.8% during the second quarter. Vanguard Group Inc. now owns 3,727,860 shares of the software maker’s stock valued at $255,023,000 after buying an additional 236,334 shares during the period. Institutional investors and hedge funds own 86.42% of the company’s stock.
About Paycom Software
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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