While Paycom Software Inc has overperformed by 0.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PAYC fell by -35.41%, with highs and lows ranging from $374.04 to $146.15, whereas the simple moving average fell by -21.72% in the last 200 days.
On February 06, 2024, BTIG Research started tracking Paycom Software Inc (NYSE: PAYC) recommending Neutral. A report published by Jefferies on January 05, 2024, Downgraded its rating to ‘Hold’ for PAYC. UBS also rated PAYC shares as ‘Buy’, setting a target price of $235 on the company’s shares in an initiating report dated November 07, 2023. BofA Securities November 02, 2023d the rating to Neutral on November 02, 2023, and set its price target from $330 to $185. William Blair November 01, 2023d its ‘Outperform’ rating to ‘Mkt Perform’ for PAYC, as published in its report on November 01, 2023. TD Cowen’s report from November 01, 2023 suggests a price prediction of $202 for PAYC shares, giving the stock a ‘Market Perform’ rating. Stifel also rated the stock as ‘Hold’.
Analysis of Paycom Software Inc (PAYC)
It’s important to note that PAYC shareholders are currently getting $1.50 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 10.68%, showing a positive trend in the upcoming months.
Paycom Software Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 33.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and PAYC is registering an average volume of 865.42K. On a monthly basis, the volatility of the stock is set at 3.17%, whereas on a weekly basis, it is put at 3.05%, with a gain of 4.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $192.57, showing growth from the present price of $173.58, which can serve as yet another indication of whether PAYC is worth investing in or should be passed over.
How Do You Analyze Paycom Software Inc Shares?
A giant in the Software – Application market, Paycom Software Inc (PAYC) is based in the USA. When comparing Paycom Software Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 21.15, there is a growth in quarterly earnings of 112.47%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.85%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.18% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PAYC shares are owned by institutional investors to the tune of 77.18% at present.
