Paycom Software Inc [NYSE: PAYC] slipped around -3.78 points on Thursday, while shares priced at $156.22 at the close of the session, down -2.36%.
Compared to the average trading volume of 808.47K shares, PAYC reached a trading volume of 3017835 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Paycom Software Inc [PAYC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAYC shares is $179.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAYC stock is a recommendation set at 2.78. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Paycom Software Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 06, 2024. The new note on the price target was released on January 05, 2024, representing the official price target for Paycom Software Inc stock. Previously, the target price had yet another raise to $235, while UBS analysts kept a Buy rating on PAYC stock. On November 02, 2023, analysts decreased their price target for PAYC shares from 330 to 185.
The Average True Range (ATR) for Paycom Software Inc is set at 4.20, with the Price to Sales ratio for PAYC stock in the period of the last 12 months amounting to 5.05. The Price to Book ratio for the last quarter was 6.15, with the Price to Cash per share for the same quarter was set at 6.03. Price to Free Cash Flow for PAYC in the course of the last twelve months was 28.82 with Quick ratio for the last quarter at 1.07.
How has PAYC stock performed recently?
Paycom Software Inc [PAYC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.18. With this latest performance, PAYC shares dropped by -1.38% in over the last four-week period, additionally sinking by -11.18% over the last 6 months – not to mention a drop of -46.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PAYC stock in for the last two-week period is set at 43.19, with the RSI for the last a single of trading hit 35.49, and the three-weeks RSI is set at 46.30 for Paycom Software Inc [PAYC]. The present Moving Average for the last 50 days of trading for this stock 156.14, while it was recorded at 160.77 for the last single week of trading, and 177.05 for the last 200 days.
Paycom Software Inc [PAYC]: Deeper insight into the fundamentals
Paycom Software Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.08.
Earnings analysis for Paycom Software Inc [PAYC]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PAYC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Paycom Software Inc go to 7.54%.
Insider trade positions for Paycom Software Inc [PAYC]
There are presently around $81.92%, or 93.42%% of PAYC stock, in the hands of institutional investors. The top three institutional holders of PAYC stocks are: VANGUARD GROUP INC with ownership of 5.78 million shares, which is approximately 10.2269%. HARRIS ASSOCIATES L P, holding 4.03 million shares of the stock with an approximate value of $$576.05 million in PAYC stocks shares; and HARRIS ASSOCIATES L P, currently with $$535.51 million in PAYC stock with ownership which is approximately 6.6207%.
