Paycom Software (PAYC) to Release Earnings on Wednesday

Paycom Software (NYSE:PAYC) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Paycom Software to post earnings of $1.58 per share for the quarter. Paycom Software has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The company had revenue of $499.88 million for the quarter, compared to the consensus estimate of $495.89 million. On average, analysts expect Paycom Software to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Paycom Software Stock Performance

Paycom Software stock opened at $164.23 on Tuesday. The firm’s 50-day moving average is $151.58 and its 200-day moving average is $175.76. Paycom Software has a 1 year low of $139.50 and a 1 year high of $374.04. The company has a market cap of $9.54 billion, a P/E ratio of 20.00, a PEG ratio of 2.72 and a beta of 1.16.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.91%. Paycom Software’s payout ratio is currently 18.27%.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $179.78, for a total transaction of $350,571.00. Following the sale, the chief executive officer now owns 3,090,008 shares in the company, valued at approximately $555,521,638.24. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $179.78, for a total transaction of $350,571.00. Following the transaction, the chief executive officer now owns 3,090,008 shares of the company’s stock, valued at approximately $555,521,638.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Amy Vickroy sold 1,381 shares of Paycom Software stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $143.39, for a total value of $198,021.59. Following the transaction, the executive vice president now directly owns 19,962 shares in the company, valued at approximately $2,862,351.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,987 shares of company stock worth $8,072,635. Company insiders own 14.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PAYC. TD Cowen reduced their price objective on shares of Paycom Software from $170.00 to $147.00 and set a “hold” rating for the company in a report on Thursday, June 20th. Mizuho reduced their price objective on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Barclays reduced their price objective on shares of Paycom Software from $184.00 to $161.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Citigroup reduced their price objective on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Finally, BMO Capital Markets reduced their price objective on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Seventeen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $236.38.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.