Paycom Software (PAYC) Set to Announce Earnings on Wednesday

Paycom Software (NYSE:PAYC) is set to post 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 EPS. 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 Up 2.2 %

NYSE:PAYC opened at $193.14 on Tuesday. The business’s 50-day simple moving average is $189.87 and its two-hundred day simple moving average is $195.96. Paycom Software has a 52 week low of $146.15 and a 52 week high of $374.04. The stock has a market cap of $11.12 billion, a PE ratio of 32.74, a P/E/G ratio of 3.22 and a beta of 1.17.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.78%. Paycom Software’s payout ratio is 25.42%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAYC. Citigroup reduced their price objective on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. BTIG Research assumed coverage on shares of Paycom Software in a research report on Tuesday, February 6th. They set 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 stock a “neutral” rating in a research report on Thursday, February 8th. Jefferies Financial Group restated a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. Finally, UBS Group boosted their target price on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.