Paycom Software, Inc. Reports Fourth Quarter and Year-End 2019 Results
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Paycom Software (PAYC) PT Raised to Street High $372 at Needham & Company
February 6, 2020 6:28 AM ESTNeedham & Company analyst Ryan MacDonald raised the price target on Paycom Software (NYSE: PAYC) to $372.00 (from $280.00) while maintaining a Buy rating.
The analyst comments "We are reiterating our Buy rating, while increasing our PT to $372, on Paycom (PAYC) following strong 4Q19 results, in which... More
Paycom Software (PAYC) Tops Q4 EPS by 9c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus, FY20 Revenue Views Above Consensus
February 5, 2020 4:31 PM ESTPaycom Software (NYSE: PAYC) reported Q4 EPS of $0.86, $0.09 better than the analyst estimate of $0.77. Revenue for the quarter came in at $193.4 million versus the consensus estimate of $190.33 million.
Financial Highlights for the Fourth Quarter of 2019
Total Revenues of $193.4 million represented a 29% increase compared to total revenues of $150.3 million in the same period last year. Recurring revenues of $190.2 million increased 29% from the comparable prior year period, and constituted 98% of total revenues.GAAP Net Income was $45.4 million, or $0.78 per... More