Paycom Software (PAYC) Set to Announce Earnings on Wednesday

Paycom Software (NYSE:PAYC) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Paycom Software to post earnings of $2.43 per share for the quarter. Paycom Software has set its FY 2024 guidance at EPS and its Q1 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) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The business had revenue of $434.60 million during the quarter, compared to analyst estimates of $422.50 million. During the same period in the previous year, the company posted $1.38 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. 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

Shares of NYSE:PAYC opened at $188.09 on Wednesday. Paycom Software has a 52-week low of $146.15 and a 52-week high of $374.04. The business’s 50 day simple moving average is $190.04 and its two-hundred day simple moving average is $198.36. The firm has a market cap of $10.82 billion, a P/E ratio of 31.88, a PEG ratio of 3.13 and a beta of 1.17.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, March 1st. Paycom Software’s payout ratio is 25.42%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup decreased their price target on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. BTIG Research started coverage on shares of Paycom Software in a report on Tuesday, February 6th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. UBS Group increased their price objective on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $195.00 target price on shares of Paycom Software in a report on Friday, January 5th. Seventeen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has an average rating of “Hold” and an average price target of $257.18.

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.