Paycom Software Inc (PAYC) – Don’t Believe the Hype: Check The Facts

Paycom Software Inc (NYSE: PAYC) is -5.31% lower on its value in year-to-date trading and has touched a low of $146.15 and a high of $374.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PAYC stock was last observed hovering at around $199.03 in the last trading session, with the day’s loss setting it -3.28%.

Currently trading at $195.75, the stock is 0.16% and 0.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.78 million and changing -1.65% at the moment leaves the stock -24.33% off its SMA200. PAYC registered -43.18% loss for a year compared to 6-month loss of -31.77%. The firm has a 50-day simple moving average (SMA 50) of $6.26 and a 200-day simple moving average (SMA200) of $18.04.

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The stock witnessed a -3.58% gain in the last 1 month and extending the period to 3 months gives it a 16.63%, and is 1.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.68% over the week and 2.88% over the month.

Paycom Software Inc (PAYC) has around 6349 employees, a market worth around $11.29B and $1.69B in sales. Current P/E ratio is 33.21 and Fwd P/E is 22.17. Profit margin for the company is 20.12%. Distance from 52-week low is 33.94% and -47.67% from its 52-week high. The company has generated returns on investments over the last 12 months (26.15%).

Paycom Software Inc quarterly earnings per share for the current quarter are estimated at $2.59 with sales reaching $500.51M over the same period.The EPS is expected to grow by 0.04% this year, but quarterly earnings will post 10.40% year-over-year. Quarterly sales are estimated to grow 10.80% in year-over-year returns.

990 institutions hold shares in Paycom Software Inc (PAYC), with institutional investors hold 89.88% of the company’s shares. The shares outstanding are 56.53M, and float is at 49.08M with Short Float at 3.78%. Institutions hold 76.49% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 5.77 million shares valued at $1.85 billion. The investor’s holdings represent 9.54% of the PAYC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 4.26 million shares valued at $1.37 billion to account for 7.05% of the shares outstanding. The other top investors are Alliancebernstein L.P. which holds 2.15 million shares representing 3.55% and valued at over $689.42 million, while State Street Corporation holds 3.14% of the shares totaling 1.9 million with a market value of $609.45 million.

Paycom Software Inc (PAYC) Insider Activity

A total of 9 insider transactions have happened at Paycom Software Inc (PAYC) in the last six months, with sales accounting for 6 and purchases happening 3 times. The most recent transaction is an insider purchase by Richison Chad R., the company’s President and CEO. SEC filings show that Richison Chad R. bought 1 shares of the company’s common stock on Dec 14 at a price of $201.86 per share for a total of $202.0. Following the purchase, the insider now owns 4.7 million shares.

Paycom Software Inc disclosed in a document filed with the SEC on Dec 06 that Clark Jason D. (Chief Administrative Officer) sold a total of 9,005 shares of the company’s common stock. The trade occurred on Dec 06 and was made at $184.55 per share for $1.66 million. Following the transaction, the insider now directly holds 44250.0 shares of the PAYC stock.

Still, SEC filings show that on Nov 03, WATTS J C JR (Director) acquired 314 shares at an average price of $159.20 for $49989.0. The insider now directly holds 6,864 shares of Paycom Software Inc (PAYC).

Paycom Software Inc (PAYC): Who are the competitors?

One of the company’s main competitors (and peers) include Oracle Corp. (ORCL) that is trading 33.90% up over the past 12 months.Intuit Inc. (INTU) lies in the list of competitors of the Paycom Software Inc and is 57.93% higher over the same period from PAYCSAP SE ADR (SAP) is 54.38% up on the 1-year trading charts.