Paycom Software Inc (NYSE: PAYC) has experienced a decline in its stock price by -1.60 compared to its previous closing price of 164.31. However, the company has seen a fall of -1.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-02 that Twenty-two new analysts published their first articles on Seeking Alpha in July. They covered a range of investment ideas in electric vehicles, payment software, energy, REITs, and more. Analysts offer insights on companies like Spotify, Ferrari, Intercontinental Exchange, Karooooo, L’Oréal, and XPeng.
Is It Worth Investing in Paycom Software Inc (NYSE: PAYC) Right Now?
Paycom Software Inc (NYSE: PAYC) has a higher price-to-earnings ratio of 19.49x compared to its average ratio, The 36-month beta value for PAYC is at 1.16. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 9 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PAYC is 50.27M, and currently, shorts hold a 6.14% of that float. The average trading volume for PAYC on August 05, 2024 was 834.95K shares.
PAYC’s Market Performance
PAYC stock saw an increase of -1.55% in the past week, with a monthly gain of 13.89% and a quarterly increase of -5.61%. The volatility ratio for the week is 4.39%, and the volatility levels for the last 30 days are 3.79% for Paycom Software Inc (PAYC). The simple moving average for the past 20 days is 2.87% for PAYC’s stock, with a -11.54% simple moving average for the past 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 6.26% 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 -46.66% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 4.39%, as shares surge +14.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.05% lower at present.
During the last 5 trading sessions, PAYC fell by -2.14%, which changed the moving average for the period of 200-days by -41.61% in comparison to the 20-day moving average, which settled at $158.19. In addition, Paycom Software Inc saw -21.79% 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 Thomas Christopher Gene, who proposed sale 5,877 shares at the price of $156.29 back on Aug 05 ’24. After this action, Thomas Christopher Gene now owns shares of Paycom Software Inc, valued at $918,543 using the latest closing price.
Richison Chad R., the CEO, President and Chairman of Paycom Software Inc, sale 1,950 shares at $169.40 during a trade that took place back on Aug 01 ’24, which means that Richison Chad R. is holding 3,569,599 shares at $330,322 based on the most recent closing price.
Stock Fundamentals for PAYC
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.79 for the gross margin
The net margin for Paycom Software Inc stands at 0.27. The total capital return value is set at 0.33. Equity return is now at value 33.33, with 11.43 for asset returns.
Based on Paycom Software Inc (PAYC), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 49.97. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 1197.91.
Currently, EBITDA for the company is 588.27 million with net debt to EBITDA at -0.46. When we switch over and look at the enterprise to sales, we see a ratio of 5.03. The receivables turnover for the company is 88.76for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, Paycom Software Inc (PAYC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
