Paycom Software Inc (NYSE: PAYC) is -4.34% 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 $198.81 in the last trading session, with the day’s loss setting it -1.06%.
Currently trading at $197.75, the stock is 3.83% and 4.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing -0.53% at the moment leaves the stock -17.48% off its SMA200. PAYC registered -33.78% loss for a year compared to 6-month loss of -24.39%. The firm has a 50-day simple moving average (SMA 50) of $6.52 and a 200-day simple moving average (SMA200) of $18.77.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 13.72% gain in the last 1 month and extending the period to 3 months gives it a 1.70%, and is 0.27% 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 2.72% over the week and 2.23% over the month.
Paycom Software Inc (PAYC) has around 7308 employees, a market worth around $11.38B and $1.69B in sales. Current P/E ratio is 33.54 and Fwd P/E is 22.41. Profit margin for the company is 20.12%. Distance from 52-week low is 35.31% and -47.13% from its 52-week high. The company has generated returns on investments over the last 12 months (25.06%).
Paycom Software Inc quarterly earnings per share for the current quarter are estimated at $2.45 with sales reaching $495.86M over the same period.The EPS is expected to shrink by -0.41% this year, but quarterly earnings will post 10.60% year-over-year. Quarterly sales are estimated to grow 9.80% in year-over-year returns.
978 institutions hold shares in Paycom Software Inc (PAYC), with institutional investors hold 92.54% of the company’s shares. The shares outstanding are 56.53M, and float is at 50.15M with Short Float at 4.21%. Institutions hold 80.65% 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
The most recent transaction is an insider sale by PETERS FREDERICK C II, the company’s Director. SEC filings show that PETERS FREDERICK C II sold 1,500 shares of the company’s common stock on Feb 20 ’24 at a price of $189.87 per share for a total of $0.28 million. Following the sale, the insider now owns 15067.0 shares.
Paycom Software Inc disclosed in a document filed with the SEC on Dec 14 ’23 that Richison Chad R. (President and CEO) bought a total of 1 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $201.86 per share for $202.0. Following the transaction, the insider now directly holds 4.7 million shares of the PAYC stock.
Still, SEC filings show that on Dec 06 ’23, Clark Jason D. (Chief Administrative Officer) disposed off 9,005 shares at an average price of $184.55 for $1.66 million. The insider now directly holds 44,250 shares of Paycom Software Inc (PAYC).
