Paycom Software (NYSE:PAYC) Posts Earnings Results, Beats Estimates By $0.03 EPS

Paycom Software (NYSE:PAYC - Get Free Report) posted its quarterly earnings data on Wednesday. The software maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.03, Zacks reports. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. Paycom Software updated its FY 2025 guidance to EPS.

Paycom Software Stock Down 1.1 %

Shares of Paycom Software stock traded down $2.26 during mid-day trading on Friday, hitting $209.72. The stock had a trading volume of 900,247 shares, compared to its average volume of 454,779. The firm has a 50-day moving average of $210.30 and a two-hundred day moving average of $192.20. Paycom Software has a 12-month low of $139.50 and a 12-month high of $242.74. The firm has a market cap of $12.09 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. Paycom Software's dividend payout ratio (DPR) is 18.05%.

Wall Street Analysts Forecast Growth

PAYC has been the topic of a number of recent research reports. StockNews.com upgraded shares of Paycom Software from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Stifel Nicolaus reduced their target price on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday. Piper Sandler lifted their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a report on Friday. Finally, Citigroup dropped their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $209.22.

Paycom Software Company Profile

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.