Paycom Software Inc (NYSE:PAYC) shares, rose in value on Friday, March 07, with the stock price up by 4.62% to the previous day’s close as strong demand from buyers drove the stock to $213.02.
Actively observing the price movement in the last trading, the stock closed the session at $203.62. The PE ratio was 23.94 over 12-month period. Referring to stock’s 52-week performance, its high was $242.74, and the low was $139.50. On the whole, PAYC has fluctuated by 3.34% over the past month.
With the market capitalization of Paycom Software Inc currently standing at about $12.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.12, with its dividend yield at 0.53%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.03B, with a low estimate of 482.17M and a high estimate of 540.12M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 525.12M.
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 100% 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.27, with the price of PAYC currently trading nearly 0.04% and 2.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.31, while the 7-day volatility ratio is showing 3.74% which for the 30-day chart, stands at 3.32%. Furthermore, Paycom Software Inc (PAYC)’s beta value is 1.01, and its average true range (ATR) is 6.82.
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 4.62% in last session, and over the past year, it grew by 22.50%%.
Data on historical trading for Paycom Software Inc (NYSE:PAYC) indicates that the trading volumes over the past 3 months, they’ve averaged 609.81K. According to company’s latest data on outstanding shares, there are 55.90 million shares outstanding.
Nearly 12.18% of Paycom Software Inc’s shares belong to company insiders and institutional investors own 84.07% of the company’s shares. The stock has risen by 3.93% 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.
