Paycom Software (NYSE:PAYC) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Paycom Software (NYSE:PAYC) announced its quarterly earnings data on Wednesday. The software maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03, Zacks reports. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%.

Paycom Software Stock Up 2.2 %

Paycom Software stock traded up $4.40 during mid-day trading on Wednesday, reaching $207.77. 1,229,236 shares of the company’s stock traded hands, compared to its average volume of 512,446. Paycom Software has a 12-month low of $139.50 and a 12-month high of $242.74. The stock has a 50 day moving average of $211.71 and a two-hundred day moving average of $191.26. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.81 and a beta of 1.15.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio is presently 18.05%.

Analyst Ratings Changes

PAYC has been the subject of a number of research analyst reports. Mizuho lifted their target price on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Barclays lowered their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Citigroup reduced their price target on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. BMO Capital Markets increased their target price on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Piper Sandler upped their price objective on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $204.75.

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.