Paycom Software Inc. (NYSE:PAYC) saw an upside of 0.33% to close Friday at $281.32 after adding $0.92 on the day. The 5-day average trading volume is 589,840 shares of the company’s common stock. It has gained $295.08 in the past week and touched a new high 1 time within the past 5 days. An average of 730,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 581,522.
PAYC’s 1-month performance is -21.33% or -$82.43 on its low of $276.64 reached on 08/18/23. The company’s shares have touched a 52-week low of $262.11 and high of $393.33, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, PAYC has lost -9.34% or -$28.99 and has reached a new high 11 times. However, the current price is down -28.48% from the 52-week high price.
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Insider Transactions
PAYC stock investors last saw insider trading activity on Aug 10.Thomas Christopher Gene (SEVP of Operations) most recently sold 320 shares at $290.05 per share on Aug 10. This transaction cost the insider $92,816. Director, Clark Jason D., sold 430 shares at a price of $278.99 on May 25. Then, on Mar 15, Director Clark Jason D. sold 1,070 shares at a price of $278.33 per share. This transaction amounted to $297,813.
Valuation Metrics
PAYC stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.89 while the price-to-book (PB) in the most recent quarter is 11.58, with the price to cash flow ratio at 57.36.
Paycom Software Inc.’s quick ratio for the period ended June 30 was 1.20, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 30 was 0.02, while the total debt to equity was 0.02. In terms of profitability, the gross margin trailing 12 months is 84.20%. The trailing 12-month EBITDA margin is 40.56% while for the period ending June 30, Paycom Software Inc.’s operating margin was 27.50%. The firm’s gross profit as reported stood at $1.16 billion against revenue of $1.38 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 11.1% to $64.52 million, while revenue of $119.3 million was -84.9% off the previous quarter. Analysts expected PAYC to announce $1.59 per share in earnings in its latest quarter, but it posted $1.62, representing a 1.90% surprise. EBITDA for the quarter stood at more than $115.19 million. PAYC stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 2.54 billion, with total debt at $29.0 million. Shareholders hold equity totaling $60.47 million.
Let’s look briefly at Paycom Software Inc. (PAYC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 24.30% to suggest the stock is trending oversold, with historical volatility in this time period at 22.37%.
The stock’s 5-day moving average is $287.75, reflecting a -3.66% or -$10.68 change from its current price. PAYC is currently trading -19.66% above its 20-day SMA, +3.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.14% and SMA200 by-18.69%.
Stochastic %K and %D was 4.39% and 6.68% and the average true range (ATR) pointed at 9.36. The RSI (14) points at 29.83%, while the 14-day stochastic is at 4.85% with the period’s ATR at 9.81. The stock’s 9-day MACD Oscillator is pointing at -4.79 and -12.36 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Paycom Software Inc. (NYSE: PAYC), William Blair launched coverage with an Outperform rating. Analysts offering their rating for PAYC stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PAYC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is PAYC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $325.00 and a high of $450.00, with their median price target at $395.00. Looking at these predictions, the average price target given by analysts is for Paycom Software Inc. (PAYC) stock is $382.42.
