Watch List Stock News: Paycom Software, Inc. (NYSE: PAYC)

Paycom Software, Inc. (NYSE: PAYC) observed a climb of 2.54% on FRIDAY trading period with closing price of $218.42. The company’s last traded volume of 601156 shares vs to an average volume of 593.06K shares. The stock as of last trading session moved at 103.26% from its 52-week low and was trading at -15.90% to its 52-week high.

Paycom Software, Inc. (PAYC) recently reported its financial results for the quarter ended September 30, 2019.

Financial Highlights for the Third Quarter of 2019

Total Revenues of $175.0M represented a 31% increase contrast to total revenues of $133.3M in the same period last year. Recurring revenues of $171.4M also increased 31% from the comparable previous year period, and constituted 98% of total revenues.

GAAP Net Income was $39.2M, or $0.67 per diluted share, contrast to GAAP net income of $28.8M, or $0.49 per diluted share, in the same period last year.

Non-GAAP Net Income1 was $41.1M, or $0.70 per diluted share, contrast to $30.6M, or $0.52 per diluted share, in the same period last year.

Adjusted EBITDA1 was $66.6M, contrast to $49.2M in the same period last year.

Cash and Cash Equivalents were $108.1M as of September 30, 2019, contrast to $45.7M as of December 31, 2018.

Total Debt, Net was $33.1M as of September 30, 2019, contrast to $34.4M as of December 31, 2018.

1 Adjusted EBITDA and non-GAAP net income are non-GAAP financial measures. Please see the discussion below under the heading “Use of Non-GAAP Financial Information” and the reconciliations at the end of this release for additional information concerning these and other non-GAAP financial measures.

Financial Outlook

Paycom provides the following predictable financial guidance for the quarter and year ending December 31, 2019:

Quarter Ending December 31, 2019

Total Revenues in the range of $188.5M to $190.5M.

Adjusted EBITDA in the range of $72.0M to $74.0M.

Year Ending December 31, 2019

Total Revenues in the range of $733M to $735M.

Adjusted EBITDA in the range of $311M to $313M.

Analyst recommendation for this stock stands at 2.4. The volatility in the previous week has experienced by 2.68% and observed of 3.68% in the previous month. 74.60% ownership is held by institutional investors while insiders hold ownership of 8.20%.

 

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