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Mar 10, 2022 · For the full-year 2021, adjusted EBITDA (accounting for 39.7% of revenues) increased 26.8% year over year to $419.3 million. Adjusted EBITDA margin expanded 40 bps to 39.7%. Paycom forecast 2022 ...
Is Paycom a buy right now?
Will Paycom stock go up?
The 16 analysts offering 12-month price forecasts for Paycom Software Inc have a median target of 380.00, with a high estimate of 450.00 and a low estimate of 334.00. The median estimate represents a +22.41% increase from the last price of 310.42.
Is Paycom overvalued?
Is Paycom undervalued?
Who is paycom owned by?
Is paycom publicly traded?
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Paycom.
| Trade name | Paycom |
|---|---|
| Type | Public |
| Traded as | NYSE: PAYC S&P 500 component |
| Industry | Software SaaS HCM |
| Founded | 1998 |
How does paycom make money?
Revenues
Margins
The company generated revenues of $272.2 million, which increased 12.3% from the year-earlier period and surpassed the consensus mark of $271 million.
Balance Sheet & Cash Flow
Adjusted gross profit increased 11% from the year-ago period to $236.9 million. However, adjusted gross margin contracted 110 bps on a year-on-year basis to 87%. Paycom Software’s adjusted EBITDA increased 12.8% year on year to $133 million. Further, adjusted EBITDA margin advanced 20 bps to 48.9%.
Guidance
Paycom Software exited the quarter with cash and cash equivalents of $215.1 million compared with the $151.7 million recorded in the prior quarter. The company’s balance sheet comprises net long-term debt of $30.5 million compared with the previous quarter’s $30.9 million. Cash from operations was $89.5 million in the quarter.
What is Paycom's growth score?
For the second quarter, Paycom Software estimates revenues between $231 million and $233 million. Management projects adjusted EBITDA of $80-$82 million.
What is Paycom's earnings for 2021?
Currently, Paycom has a nice Growth Score of B, a grade with the same score on the momentum front. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Revenues
Paycom reported first-quarter 2021 results on Tuesday. This online payroll and human resource technology provider’s adjusted earnings of $1.47 per share beat the Zacks Consensus Estimate by 3.52% and rose 10.5% year over year.
Margins
The company generated revenues of $272.2 million, which increased 12.3% from the year-earlier period and surpassed the consensus mark of $271 million.
Balance Sheet & Cash Flow
Adjusted gross profit increased 11% from the year-ago period to $236.9 million. However, adjusted gross margin contracted 110 bps on a year-on-year basis to 87%. Paycom Software’s adjusted EBITDA increased 12.8% year on year to $133 million. Further, adjusted EBITDA margin advanced 20 bps to 48.9%.
Shares fall by double digits after the payroll technology provider reported strong quarterly results and issued bullish guidance. Is it simply a matter of the company's valuation getting ahead of itself?
Paycom Software exited the quarter with cash and cash equivalents of $215.1 million compared with the $151.7 million recorded in the prior quarter. The company’s balance sheet comprises net long-term debt of $30.5 million compared with the previous quarter’s $30.9 million. Cash from operations was $89.5 million in the quarter.
What happened
Brian Feroldi has been covering the healthcare and technology industries for The Motley Fool since 2015. Brian's investing strategy is to buy high-quality companies and then let compounding work its magic. See all of his articles here. Follow @brianferoldi
So what
Shares of Paycom Software ( NYSE:PAYC), a tech company focused on payroll processing and other HR functions, are down by 16% at of 11:55 a.m. EDT on Wednesday after the company reported its third-quarter results.
Now what
Given the huge drop, you would expect that Paycom had either whiffed on its quarterly report or issued disappointing guidance. However, neither looks to be the case.
