Paycom Software Inc (NYSE: PAYC) Emerges As Guiding Light For Investors

Paycom Software Inc (NYSE:PAYC) currently has a daily average trading volume of 811.46K but it saw 804152 shares traded in last market. With a market cap of 8.39B USD, the company’s current market price of $144.32 came falling about -1.58 while comparing to the previous closing price of $146.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $374.04 and as low as $143.88.

Taking a look at 20-day trading activity of Paycom Software Inc (PAYC) gives us an average price of $168.26, while its current price level is -61.42% below from 52-week high level whereas it is 0.31% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $181.81 while that of 200 days or SMA-200 reads an average of $207.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.38% during that period while stretching the period over a month that decreases to 2.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 21.89 which implies that the stock is in oversold territory.

Jefferies downgraded its recommendation for the stock as a “Hold” from “Buy” on January 05, 2024 while assigning a price target of $195. UBS also issued its recommendations for the stock as it initiated the price target for the stock is $235.

Over the week, PAYC’s stock price is moving -11.78% down while it is -17.27% when we observe its performance for the past one month. Year-to-date it is -30.19% down and over the past year, the stock is showing a downside performance of -52.83%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.62 beat the consensus estimate of 1.59 for the same. In next quarter, company is expected to be making quarterly sales of $449.39M as analysts are expecting the sales for current fiscal year at $1.87B and seeing the company making $2.09B in sales next year. Moreover, analysts are in estimates of $436.41M for current-quarter revenue.

Currently, Paycom Software Inc’s total number of outstanding shares is 56.53M. Company’s return on investment (ROI) stands at 32.59% and return on equity (ROE) at 33.81%. It has a price to earnings ratio (P/E ratio) of 17.58 while having a 16.35 of forward P/E ratio. Stock’s beta reads 1.17. Stock has a price to book (P/B) ratio of 5.68 while price to sale or P/S ratio amounts to 4.81. Its return on asset (ROA) is 10.44% on average.