Paycom Software (PAYC) Projected to Post Earnings on Wednesday

Paycom Software (NYSE:PAYC - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $2.62 per share and revenue of $522.92 million for the quarter. Paycom Software has set its FY 2025 guidance at EPS.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, analysts expect Paycom Software to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Paycom Software Trading Up 0.2 %

Shares of NYSE:PAYC traded up $0.52 on Friday, hitting $227.62. 455,979 shares of the company were exchanged, compared to its average volume of 698,724. The firm has a market capitalization of $13.17 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80. Paycom Software has a 1-year low of $139.50 and a 1-year high of $242.74. The stock's 50 day moving average price is $215.96 and its 200 day moving average price is $212.15.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.375 per share. The ex-dividend date was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.66%. Paycom Software's dividend payout ratio is currently 16.85%.

Analysts Set New Price Targets

PAYC has been the subject of several research analyst reports. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. KeyCorp raised shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target for the company in a research report on Monday, March 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Stifel Nicolaus lowered their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Paycom Software has a consensus rating of "Hold" and a consensus price target of $212.80.

Insider Activity

In other news, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the transaction, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the sale, the insider now owns 28,733 shares of the company's stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock worth $1,476,024 in the last quarter. Corporate insiders own 10.90% of the company's stock.

Institutional Investors Weigh In On Paycom Software

An institutional investor recently bought a new position in Paycom Software stock. Brighton Jones LLC purchased a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,110 shares of the software maker's stock, valued at approximately $638,000. Institutional investors own 87.77% of the company's stock.

About Paycom Software

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.