Paycom Software, Inc. (PAYC) Earns Hold Rating from Mizuho
“We believe management continues to execute against the opportunity in the mid-market and await further commentary on the call. 3Q17 revenue outlook largely in-line with consensus; upper end of profitability outlook inline with consensus. For the third quarter, management expects revenue of $99-101mm (up 28-31% Y/Y) vs. consensus of $99.5mm. Adj. EBITDA guidance came in at $21-23mm (or margin of 21-23%; down 50-250bps Y/Y), which compares with consensus of $23mm. Again, we point out that the year-over-year decline in margins is the result of tough compares vs. FY16 as a result of timing of ACA-related pull-ins of new business. Margin guidance compares with consensus estimates of 22.7%. We are reviewing our estimates. The conference call is scheduled for 5PM ET. Dial-in number for the call is (866) 270-1533.”,” Mizuho’s analyst commented.
Several other analysts also recently issued reports on PAYC. UBS AG reiterated a buy rating on shares of Paycom Software in a report on Wednesday, May 3rd. Barclays PLC reiterated a buy rating and issued a $74.00 price target on shares of Paycom Software in a report on Wednesday, July 19th. Jefferies Group LLC increased their price target on Paycom Software from $69.00 to $73.00 and gave the company a buy rating in a report on Wednesday, May 3rd. Wells Fargo & Company assumed coverage on Paycom Software in a report on Thursday, May 11th. They issued an outperform rating and a $75.00 price target for the company. Finally, Canaccord Genuity increased their price target on Paycom Software from $70.00 to $80.00 and gave the company a buy rating in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $75.36.
Paycom Software (NYSE PAYC) traded up 0.13% on Tuesday, hitting $69.48. The stock had a trading volume of 568,571 shares. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 75.77 and a beta of 1.75. Paycom Software has a one year low of $39.15 and a one year high of $73.61. The company’s 50-day moving average price is $69.35 and its 200 day moving average price is $60.49.
Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Tuesday, August 1st. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. Paycom Software had a return on equity of 36.71% and a net margin of 14.28%. The business had revenue of $98.20 million during the quarter, compared to the consensus estimate of $95.98 million. During the same period in the prior year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. Analysts expect that Paycom Software will post $1.15 earnings per share for the current year.
In other Paycom Software news, insider Stacey M. Pezold sold 30,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $70.15, for a total value of $2,104,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey D. York sold 40,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $66.93, for a total transaction of $2,677,200.00. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PAYC. Strs Ohio boosted its position in Paycom Software by 342.9% in the first quarter. Strs Ohio now owns 3,100 shares of the software maker’s stock worth $178,000 after buying an additional 2,400 shares during the last quarter. Sapphire Star Partners LP boosted its position in Paycom Software by 3.6% in the first quarter. Sapphire Star Partners LP now owns 11,338 shares of the software maker’s stock worth $652,000 after buying an additional 392 shares during the last quarter. Granite Investment Partners LLC boosted its position in Paycom Software by 10.4% in the first quarter. Granite Investment Partners LLC now owns 203,933 shares of the software maker’s stock worth $11,728,000 after buying an additional 19,214 shares during the last quarter. Sit Investment Associates Inc. purchased a new position in Paycom Software during the first quarter worth $627,000. Finally, Fisher Asset Management LLC boosted its position in Paycom Software by 52.7% in the first quarter. Fisher Asset Management LLC now owns 205,570 shares of the software maker’s stock worth $11,822,000 after buying an additional 70,939 shares during the last quarter. 90.83% of the stock is owned by institutional investors.
Paycom Software Company Profile
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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