Paycom Software Inc (NYSE:PAYC) shares, rose in value, with the stock price up by 21.17% to the previous day’s close as strong demand from buyers drove the stock to $208.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $172.25, falling within a range of $189.195 and $222.3. The PE ratio was 25.16 over 12-month period. Referring to stock’s 52-week performance, its high was $247.42, and the low was $139.50. On the whole, PAYC has fluctuated by 25.18% over the past month.
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With the market capitalization of Paycom Software Inc currently standing at about $11.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-05. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 0.72%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PAYC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.67, with the price of PAYC currently trading nearly 24.60% and 25.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 85.88, while the 7-day volatility ratio is showing 2.60% which for the 30-day chart, stands at 2.29%. Furthermore, Paycom Software Inc (PAYC)’s beta value is 1.18, and its average true range (ATR) is 7.48.
A comparison of Paycom Software Inc (PAYC) with its peers suggests the former has fared considerably weaker in the market. PAYC showed an intraday change of 21.17% in today’s session so far, and over the past year, it shrunk by -14.80%%.
Data on historical trading for Paycom Software Inc (NYSE:PAYC) indicates that the trading volumes over the past 10 days have averaged 0.58 and over the past 3 months, they’ve averaged 728.47K. According to company’s latest data on outstanding shares, there are 56.53 million shares outstanding.
Nearly 11.98% of Paycom Software Inc’s shares belong to company insiders and institutional investors own 82.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.62 million shares as on 2024-10-15, resulting in a short ratio of 4.48. According to the data, the short interest in Paycom Software Inc (PAYC) stood at 542.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.68 million. The stock has risen by 0.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PAYC stock heading into the next quarter.
