Paycom Software Company Profile (NYSE:PAYC)

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

Paycom Software announced that its Board of Directors has initiated a share repurchase plan on Friday, April 7th 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Paycom Software, Inc. (NYSE:PAYC) issued its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.07. The business had revenue of $119.51 million for the quarter, compared to analyst estimates of $115.70 million. Paycom Software had a return on equity of 33.01% and a net margin of 14.19%. View Paycom Software's Earnings History.

Paycom Software is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Paycom Software.

11 brokers have issued 12 month price targets for Paycom Software's stock. Their predictions range from $51.00 to $80.00. On average, they expect Paycom Software's stock price to reach $65.91 in the next twelve months. 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 market over the last one year. The company reported outstanding first-quarter 2017 results and provided an encouraging second-quarter and fiscal 2017 revenue guidance. 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. 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 companies likes Paylocity Holding Corporation, Intuit Inc. and Paychex, Inc. remains a headwind." (5/8/2017)
• 2. 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)
• 3. 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), Guidewire Software (GWRE), Tableau Software (DATA), Pegasystems (PEGA), Fair Isaac Corporation (FICO), SolarWinds (SWI), Ellie Mae (ELLI), RealPage (RP), Ringcentral (RNG), HubSpot (HUBS), MicroStrategy Incorporated (MSTR), Luxoft Holding (LXFT), The Descartes Systems Group (DSGX), Ebix (EBIX), Envestnet (ENV), Q2 Holdings (QTWO), AppFolio (APPF) and Benefitfocus (BNFT).

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 a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.39%), Public Employees Retirement Association of Colorado (0.32%), Pembroke Management LTD (0.29%), Russell Investments Group Ltd. (0.12%), Spark Investment Management LLC (0.07%) and Congress Asset Management Co. MA (0.05%). 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 Insight Capital Research & Management Inc., Capital Impact Advisors LLC, Sapphire Star Partners LP, Boston Advisors LLC and US Bancorp DE. 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 acquired by a variety of institutional investors in the last quarter, including Pembroke Management LTD, Spark Investment Management LLC, Fisher Asset Management LLC, Adams Diversified Equity Fund Inc., Sit Investment Associates Inc., Public Employees Retirement Association of Colorado, Russell Investments Group Ltd. and Strs Ohio. 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 $69.26.