Paycom Software Inc [PAYC] stock is trading at $173.58, up 0.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PAYC shares have gain 4.11% over the last week, with a monthly amount drifted -14.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies downgraded its rating to Hold on January 05, 2024, and kept the price target unchanged to $195. On November 07, 2023, UBS initiated with a Buy rating and assigned a price target of $235 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $185 on November 02, 2023. William Blair downgraded its rating to a Mkt Perform. TD Cowen downgraded its rating to Market Perform for this stock on November 01, 2023, and downed its price target to $202. In a note dated November 01, 2023, Stifel downgraded an Hold rating on this stock and revised its target price from $400 to $160.
Paycom Software Inc [PAYC] stock has fluctuated between $146.15 and $374.04 over the past year. Currently, Wall Street analysts expect the stock to reach $351.56 within the next 12 months. Paycom Software Inc [NYSE: PAYC] shares were valued at $173.58 at the most recent close of the market. An investor can expect a potential return of 102.53% based on the average PAYC price forecast.
Analyzing the PAYC fundamentals
Paycom Software Inc [NYSE:PAYC] reported sales of 1.74B for the trailing twelve months, which represents a growth of 10.68%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.34 and Total Capital is 0.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 171.62 points at the first support level, and at 169.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 175.08, and for the 2nd resistance point, it is at 176.59.
Paycom Software Inc [PAYC] reported earnings per share of $2.59 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.45/share, meaning a difference of $0.14 and a surprise factor of 5.70%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.93 per share as compared to estimates of $1.78 per share, a difference of $0.15 representing a surprise of 8.40%.
Ratios To Look Out For
For context, Paycom Software Inc’s Current Ratio is 1.08. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 5.79, the price to book ratio is 6.83 and price to earnings (TTM) ratio is 21.15.
Transactions by insiders
Recent insider trading involved PETERS FREDERICK C II, Director, that happened on Feb 20 ’24 when 1500.0 shares were sold. President and CEO, Richison Chad R. completed a deal on Dec 14 ’23 to buy 1.0 shares. Meanwhile, Chief Administrative Officer Clark Jason D. sold 9005.0 shares on Dec 06 ’23.
