Paycom Software (PAYC) to Release Earnings on Wednesday

Paycom Software (NYSE:PAYC - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Paycom Software to post earnings of $1.62 per share for the quarter. Paycom Software has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The firm had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. On average, analysts expect Paycom Software to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Paycom Software Price Performance

PAYC stock traded down $1.34 during trading on Wednesday, hitting $165.06. 28,429 shares of the stock traded hands, compared to its average volume of 810,771. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17. Paycom Software has a 1 year low of $139.50 and a 1 year high of $264.70. The firm's 50 day moving average is $164.67 and its two-hundred day moving average is $164.15.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software's payout ratio is 18.07%.

Insider Transactions at Paycom Software

In other news, CFO Craig E. Boelte sold 11,882 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the transaction, the chief financial officer now owns 294,849 shares of the company's stock, valued at $45,990,547.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, July 26th. The shares were sold at an average price of $163.10, for a total transaction of $318,045.00. Following the transaction, the chief executive officer now owns 3,000,308 shares in the company, valued at approximately $489,350,234.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig E. Boelte sold 11,882 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the completion of the transaction, the chief financial officer now directly owns 294,849 shares of the company's stock, valued at $45,990,547.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,906 shares of company stock worth $11,714,516 in the last three months. Corporate insiders own 14.50% of the company's stock.

Wall Street Analysts Forecast Growth

PAYC has been the topic of several analyst reports. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research report on Monday, July 15th. TD Cowen increased their price objective on Paycom Software from $171.00 to $188.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. Jefferies Financial Group upped their target price on shares of Paycom Software from $155.00 to $170.00 and gave the company a "hold" rating in a research note on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, Barclays increased their price objective on shares of Paycom Software from $167.00 to $172.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Seventeen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paycom Software currently has an average rating of "Hold" and an average price target of $182.25.

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.