At the time of writing, Paycom Software Inc [PAYC] stock is trading at $163.04, down -0.04%. 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 1.39% over the last week, with a monthly amount drifted -1.47%, 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.
For the past year, the stock price of Paycom Software Inc fluctuated between $139.50 and $299.00. Currently, Wall Street analysts expect the stock to reach $349.5 within the next 12 months. Paycom Software Inc [NYSE: PAYC] shares were valued at $163.04 at the most recent close of the market. An investor can expect a potential return of 114.36% based on the average PAYC price forecast.
Analyzing the PAYC fundamentals
According to Paycom Software Inc [NYSE:PAYC], the company’s sales were 1.78B for trailing twelve months, which represents an 9.07% jump. Gross Profit Margin for this corporation currently stands at 0.79% 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 0.11, Equity is 0.34 and Total Capital is 0.33. 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 161.57 points at the first support level, and at 160.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 164.81, and for the 2nd resistance point, it is at 166.58.
Ratios To Look Out For
It is important to note that Paycom Software Inc [NYSE:PAYC] has a current ratio of 1.08. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 5.27, the price to book ratio is 6.42 and price to earnings (TTM) ratio is 19.66.
Transactions by insiders
Recent insider trading involved Richison Chad R., CEO, President and Chairman, that happened on Aug 27 ’24 when 1950.0 shares were sold. CEO, President and Chairman, Richison Chad R. completed a deal on Aug 27 ’24 to sell 1950.0 shares. Meanwhile, CEO, President and Chairman Richison Chad R. sold 1950.0 shares on Aug 26 ’24.
