Paycom Software Inc (NYSE:PAYC) shares, rose in value, with the stock price up by 1.24% to the previous day’s close as strong demand from buyers drove the stock to $188.89.
Actively observing the price movement in the last trading, the stock closed the session at $186.58. The PE ratio was 32.04 over 12-month period. Referring to stock’s 52-week performance, its high was $374.04, and the low was $146.15. On the whole, PAYC has fluctuated by -4.22% over the past month.
The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 0.79%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.87B, with a low estimate of 494.6M and a high estimate of 496.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 495.84M.
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 Hold on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.94, with the price of PAYC currently trading nearly -2.95% and -0.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.03, while the 7-day volatility ratio is showing 2.41% which for the 30-day chart, stands at 2.48%. Furthermore, Paycom Software Inc (PAYC)’s beta value is 1.17, and its average true range (ATR) is 5.00.
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 1.24% in last session, and over the past year, it shrunk by -33.89%%.
Data on historical trading for Paycom Software Inc (NYSE:PAYC) indicates that the trading volumes over the past 3 months, they’ve averaged 854.97K. According to company’s latest data on outstanding shares, there are 56.53 million shares outstanding.
Nearly 12.86% of Paycom Software Inc’s shares belong to company insiders and institutional investors own 77.83% of the company’s shares. The stock has fallen by -8.63% 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.
