Paycom Software Inc (PAYC) Releases Earnings Results, Beats Expectations By $0.08 EPS

Paycom Software Inc (PAYC) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.13. The company posted revenue of $73.88 million in the period, compared to analysts expectations of $70.70 million. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Paycom Software Inc. Company shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 51 from a previous price target of $44 .Company shares were Reiterated by Stifel on Jun 16, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .

Paycom Software Inc closed down -0.47 points or -0.99% at $47.21 with 9,52,987 shares getting traded on Friday. Post opening the session at $47.73, the shares hit an intraday low of $46.5 and an intraday high of $47.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 20, 2016, William X. Iii Kerber (Chief Information Officer) sold 65,000 shares at $40.04 per share price. According to the SEC, on Nov 25, 2015, Stacey M Pezold (COO) purchased 750 shares at $34.29 per share price. On Nov 20, 2015, Jeffrey D. York (Chief Sales Officer) sold 120,000 shares at $41.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Paycom Software Inc. is a provider of cloud-based HCM software solution delivered as SaaS. The Company’s solution requires no customization and is -based on a core system of record maintained in a single database for all HCM functions. Talent acquisition includes applicant tracking candidate tracker background checks on-boarding e-verify and tax credit services. Time and labor management includes time and attendance scheduling/schedule exchange time-off requests labor allocation and labor management reports/push reporting. Payroll includes payroll and tax management Paycom pay expense management and garnishment management. Talent management includes employee self-service compensation budgeting performance management executive dashboard and Paycom learning. Human resources management includes document and task management government and compliance benefits administration COBRA administration personnel action forms surveys and ACA dashboard.

Paycom Software Inc

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