Paycom Software Company Profile (NYSE:PAYC)

Paycom Software trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAYC."

Paycom Software declared that its Board of Directors has authorized a share repurchase plan on Friday, April 7th 2017, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Paycom Software, Inc. (NYSE:PAYC) issued its earnings results on Tuesday, August, 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.11. The business had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.98 million. Paycom Software had a net margin of 14.28% and a return on equity of 35.77%. The business's quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. View Paycom Software's Earnings History.

Paycom Software is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Paycom Software.

11 analysts have issued 1 year price objectives for Paycom Software's stock. Their predictions range from $53.00 to $94.00. On average, they anticipate Paycom Software's share price to reach $76.17 in the next year. View Analyst Ratings for Paycom Software.

Here are some recent quotes from research analysts about Paycom Software stock:

• 1. According to Zacks Investment Research, "Provider of cloud-based HCM software as a service solution, Paycom has outperformed the broader industry over the last one year. Revenue growth seems to be steady and was positively impacted by higher recurring revenues and higher traction in cloud-based offerings. Better-than-expected demand for advanced human capital management and payroll software solutions during the reported quarter were the other positives. We believe that the higher adoption of Paycom Software’s Affordable Care Act (“ACA”) dashboard application that tracks employee count, employee status and health care plan affordability will act as a tailwind in the long run. Going ahead, Paycom might witness long-term growth by successfully cross-selling newer products to the existing client base, which will boost revenues. Nevertheless, competition from peers remains a headwind." (8/4/2017)
• 2. Mizuho analysts commented, "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." (8/1/2017)
• 3. UBS AG analysts commented, "Paycom’s business performed well in 1Q with very solid results against the toughest quarterly comparisons this fiscal year, a raised 2017 outlook, and with low near- term estimate risks because of 1Q’s business outperformance. On balance, the number of office starts YTD lags past years, and though it takes two years for a new office to ramp and impact financials, the lag could foretell moderating beat-and- raise magnitudes in future results absent better productivity. Bottom Line: While noting a healthy current valuation on PAYC shares, we see the strong 1Q results and improved outlook lending support to PAYC’s unique profile among SaaS investments —a category leader capable of generating above SaaS industry/high growth and a very profitable bottom line." (5/3/2017)
• 4. Jefferies Group LLC analysts commented, "We're raising our PT from $58 to $69 based on our DCF and expectations for higher FCF growth. In our view, PAYC is one of the best-positioned companies to capitalize on the significant opportunity for HCM/Payroll SaaS solutions (detailed in our separate industry report), given strong execution in its core SMB market, and strong op. leverage and cash flows. Core rev growth, ex. the ACA remains strong; regulatory changes will continue to be a long-term catalyst." (3/20/2017)

Some companies that are related to Paycom Software include The Sage Group plc (SGE), Tableau Software (DATA), Guidewire Software (GWRE), SolarWinds (SWI), Fair Isaac Corporation (FICO), Pegasystems (PEGA), RealPage (RP), Ringcentral (RNG), Ellie Mae (ELLI), HubSpot (HUBS), The Descartes Systems Group (DSGX), Envestnet (ENV), Ebix (EBIX), Q2 Holdings (QTWO), MicroStrategy Incorporated (MSTR), AppFolio (APPF), Appian Corporation (APPN) and Talend S.A. (TLND).

Paycom Software's management team includes the folowing people:

• Chad R. Richison, Chairman of the Board, President, Chief Executive Officer
• Craig E. Boelte, Chief Financial Officer
• William X. Kerber III, Chief Information Officer
• Stacey M. Pezold, Chief Learning Officer
• Jeffrey D. York, Chief Sales Officer
• Jason D. Clark, Independent Director
• Henry C. Duques, Independent Director
• Robert J. Levenson, Independent Director
• Larry V. Parman, Independent Director
• Frederick C. Peters II, Independent Director

Paycom Software's stock is owned by many different of institutional and retail investors. Top institutional investors include Capital World Investors (11.41%), FMR LLC (8.93%), Vanguard Group Inc. (6.26%), BlackRock Inc. (5.04%), Sylebra HK Co Ltd (4.19%) and Capital Research Global Investors (3.41%). Company insiders that own Paycom Software stock include Anthony F Ecock, Chad R Richison, Craig E Boelte, Eric J Lee, Frederick C Peters II, Jeffrey D York, Larry V Parman, Patrick J Welsh, Robert J Levenson, Stacey M Pezold, Wcas Capital Partners Iv, LP and William X Kerber III. View Institutional Ownership Trends for Paycom Software.

Paycom Software's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Wells Fargo & Company MN, Sylebra HK Co Ltd, Jennison Associates LLC, Jackson Square Partners LLC, Dimensional Fund Advisors LP, Calamos Advisors LLC and Victory Capital Management Inc.. Company insiders that have sold Paycom Software stock in the last year include Craig E Boelte, Jeffrey D York, Robert J Levenson, Stacey M Pezold and William X Kerber III. View Insider Buying and Selling for Paycom Software.

Paycom Software's stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, BlackRock Inc., New York State Common Retirement Fund, Koch Industries Inc., Vanguard Group Inc., The Manufacturers Life Insurance Company , Pembroke Management LTD and Motley Fool Asset Management LLC. Company insiders that have bought Paycom Software stock in the last two years include Chad R Richison, Frederick C Peters II and Larry V Parman. View Insider Buying and Selling for Paycom Software.

Shares of Paycom Software can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Paycom Software stock can currently be purchased for approximately $70.25.