Free Research Report as Paycom Software’s Revenue Surged 30%; Adjusted EPS Soared 61.1%

Stock Monitor: The Trade Desk Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 02, 2018 / Active-Investors.com has just released a free earnings report on Paycom Software, Inc. (NYSE: PAYC) ("Paycom"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PAYC. Paycom reported its fourth quarter and fiscal 2017 operating and financial results on February 06, 2018. The maker of human-resources and payroll software outperformed top- and bottom-line expectations and provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Paycom Software most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PAYC

Earnings Highlights and Summary

For the three months ended December 31, 2017, Paycom's total revenues soared 30% to $114.0 million compared to total revenues of $87.8 million in Q4 2016. The Company's reported numbers topped analysts' estimates of $113 million.

During Q4 2017, Paycom's recurring revenues of $111.7 million advance 29% on a y-o-y basis and constituted 98% of total revenues.

Paycom reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $31.8 million in Q4 2017, up 53.6% compared to $20.7 million in Q4 2016.

For Q4 2017, Paycom's GAAP net income was $12.9 million, or $0.22 per diluted share, compared to GAAP net income of $8.6 million, or $0.15 per diluted share, in Q4 2016. The Company's reported quarter non-GAAP net income was $16.8 million, or $0.29 per diluted share, compared to $10.8 million, or $0.18 per diluted share, in the year earlier corresponding quarter. Paycom's earnings beat Wall Street's estimates of $0.23 per share.

For full year 2017, Paycom's total revenues of $433.0 million represented a 32% increase compared to total revenues of $329.1 million in FY16. The Company's recurring revenues of $425.4 million increased 31% on a y-o-y basis and constituted 98% of total revenues. For the sixth year in a row, Paycom's revenue retention rate was 91%, underscoring that the Company's clients continue to see the value in partnering with Paycom.

For FY17, Paycom's GAAP net income was $66.8 million, or $1.13 per diluted share, compared to GAAP net income of $43.8 million, or $0.74 per diluted share, in FY016. The Company's non-GAAP net income was $76.7 million, or $1.30 per diluted share, for FY17 compared to $51.6 million, or $0.87 per diluted share, in FY016.

Cash Matters

Paycom's cash and cash equivalents were $46.1 million as of December 31, 2017. The Company's total debt was $35.3 million as of December 31, 2017. Paycom returned value to its stockholders in the form of over 1.2 million shares repurchased over the course of FY17, including over 770,000 shares purchased in the open market. During the reported quarter, the Company repurchased over 538,000 shares.

Financial Outlook

For the quarter ending March 31, 2018, Paycom is forecasting total revenues in the range of $150 million to $152 million and adjusted EBITDA in the band of $74 million to $76 million.

For the year ending December 31, 2018, Paycom is projecting total revenues in the range of $541 million to $543 million and adjusted EBITDA in the band of $213 million to $215 million.

Stock Performance Snapshot

March 01, 2018 - At Thursday's closing bell, Paycom Software's stock slightly dropped 0.16%, ending the trading session at $98.76.

Volume traded for the day: 654.41 thousand shares.

Stock performance in the last month – up 8.05%; previous three-month period – up 16.83%; past twelve-month period – up 77.28%; and year-to-date – up 22.94%

After yesterday's close, Paycom Software's market cap was at $5.57 billion.

Price to Earnings (P/E) ratio was at 87.48.

The stock is part of the Technology sector, categorized under the Application Software industry.

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