Asure Software IncAsure posted a significant miss on billings estimates and the weakest guidance update in the group despite in-line revenue.
Paycom posted the strongest quarter among the four HR software stocks tracked, reporting revenues of $531.2 million, up 9.8% year on year and 3.5% above analysts' expectations, with full-year EBITDA guidance exceeding estimates and a solid beat on billings. Paylocity reported revenues of $444.7 million, up 11% year on year and 3.1% ahead of expectations, delivering the highest guidance raise of the group, though its stock is down 1.1% since reporting and trades at $141.75. Asure Software reported revenues of $37.11 million, up 23.2% year on year and in line with expectations, but posted a significant miss on billings estimates and the weakest guidance update in the group, with its stock flat at $8.44. Paychex reported revenues of $1.61 billion, up 12.5% year on year and in line with expectations, with a decent beat on adjusted operating income estimates, and its stock is up 18.2% since reporting at $115.83. As a group, the four HR software stocks beat consensus revenue estimates by 1.7%, next quarter's revenue guidance came in line, and share prices are up 10.8% on average since the latest earnings results, with Paycom up 25.3% to $218.96.
Asure Software IncAsure posted a significant miss on billings estimates and the weakest guidance update in the group despite in-line revenue.
Paycom Software, Inc.Paycom posted the strongest quarter of the group, beating revenue and billings estimates with full-year EBITDA guidance above estimates.
Paychex IncPaychex reported 12.5% revenue growth in line with expectations and a decent beat on adjusted operating income estimates.
Paylocity Holding CorporationPaylocity beat revenue expectations by 3.1% and delivered the highest guidance raise of the group.