Zacks Research Forecasts Paycom Software FY2028 Earnings

Paycom Software, Inc. (NYSE:PAYC) – Equities researchers at Zacks Research issued their FY2028 earnings estimates for shares of Paycom Software in a research note issued on Wednesday, March 4th. Zacks Research analyst Team expects that the software maker will post earnings of $9.45 per share for the year. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Paycom Software’s current full-year earnings is $7.15 per share.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.01. The firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 earnings per share.

Several other brokerages have also recently issued reports on PAYC. Cantor Fitzgerald boosted their price objective on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday. BMO Capital Markets dropped their target price on Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a report on Thursday, February 12th. TD Cowen dropped their target price on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Weiss Ratings cut Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. Finally, BTIG Research lowered their price objective on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $170.71.

Paycom Software Stock Performance

NYSE:PAYC opened at $138.09 on Monday. The firm’s fifty day moving average is $139.07 and its two-hundred day moving average is $172.96. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.49 and a beta of 0.80. Paycom Software has a one year low of $104.90 and a one year high of $267.76.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds have recently modified their holdings of PAYC. Aviva PLC boosted its holdings in shares of Paycom Software by 65.2% during the 2nd quarter. Aviva PLC now owns 34,129 shares of the software maker’s stock worth $7,897,000 after purchasing an additional 13,473 shares during the last quarter. United Asset Strategies Inc. acquired a new stake in shares of Paycom Software in the second quarter valued at approximately $877,000. Allianz Asset Management GmbH increased its holdings in shares of Paycom Software by 10,106.6% in the third quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock valued at $101,355,000 after purchasing an additional 482,186 shares during the last quarter. Dillon & Associates Inc. lifted its position in Paycom Software by 10.9% during the third quarter. Dillon & Associates Inc. now owns 68,153 shares of the software maker’s stock worth $14,176,000 after buying an additional 6,696 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its stake in Paycom Software by 37.1% during the third quarter. Baader Bank Aktiengesellschaft now owns 60,390 shares of the software maker’s stock worth $12,570,000 after buying an additional 16,357 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.90% of the stock is currently owned by company insiders.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is presently 18.54%.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.