Paycom Software Inc (NYSE: PAYC)’s stock price has plunge by 0.58relation to previous closing price of 197.67. Nevertheless, the company has seen a 4.31% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Paycom Software (PAYC) reachead $198.28 at the closing of the latest trading day, reflecting a -0.37% change compared to its last close.
Is It Worth Investing in Paycom Software Inc (NYSE: PAYC) Right Now?
Paycom Software Inc (NYSE: PAYC) has a price-to-earnings ratio that is above its average at 33.72x. The stock has a 36-month beta value of 1.16. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 9 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for PAYC is 50.15M, and at present, short sellers hold a 4.21% of that float. On April 04, 2024, the average trading volume of PAYC was 876.00K shares.
PAYC’s Market Performance
PAYC’s stock has seen a 4.31% increase for the week, with a 11.66% rise in the past month and a -2.83% fall in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.23% for Paycom Software Inc The simple moving average for the last 20 days is 5.07% for PAYC stock, with a simple moving average of -17.25% for the last 200 days.
Analysts’ Opinion of PAYC
Jefferies, on the other hand, stated in their research note that they expect to see PAYC reach a price target of $195. The rating they have provided for PAYC stocks is “Hold” according to the report published on January 05th, 2024.
UBS gave a rating of “Buy” to PAYC, setting the target price at $235 in the report published on November 07th of the previous year.
PAYC Trading at 4.79% from the 50-Day Moving Average
After a stumble in the market that brought PAYC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.85% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +14.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.84% upper at present.
During the last 5 trading sessions, PAYC rose by +4.31%, which changed the moving average for the period of 200-days by -38.63% in comparison to the 20-day moving average, which settled at $190.46. In addition, Paycom Software Inc saw -3.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PAYC starting from PETERS FREDERICK C II, who sale 1,500 shares at the price of $189.87 back on Feb 20 ’24. After this action, PETERS FREDERICK C II now owns 15,067 shares of Paycom Software Inc, valued at $284,805 using the latest closing price.
Richison Chad R., the President and CEO of Paycom Software Inc, purchase 1 shares at $201.86 during a trade that took place back on Dec 14 ’23, which means that Richison Chad R. is holding 4,703,908 shares at $202 based on the most recent closing price.
Stock Fundamentals for PAYC
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.84 for the gross margin
The net margin for Paycom Software Inc stands at 0.2. The total capital return value is set at 0.27. Equity return is now at value 27.42, with 8.41 for asset returns.
Based on Paycom Software Inc (PAYC), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.86. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 234.21.
Currently, EBITDA for the company is 588.27 million with net debt to EBITDA at -0.37. When we switch over and look at the enterprise to sales, we see a ratio of 6.63. The receivables turnover for the company is 48.62for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
To sum up, Paycom Software Inc (PAYC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
