Paycom Software Inc (NYSE:PAYC) shares, rose in value on Friday, May 09, with the stock price up by 1.34% to the previous day’s close as strong demand from buyers drove the stock to $252.70.
Actively observing the price movement in the last trading, the stock closed the session at $249.35. The PE ratio was 36.07 over 12-month period. Referring to stock’s 52-week performance, its high was $254.48, and the low was $139.50. On the whole, PAYC has fluctuated by 15.65% over the past month.
With the market capitalization of Paycom Software Inc currently standing at about $14.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 0.59%.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.71, with the price of PAYC currently trading nearly 12.37% and 15.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.96, while the 7-day volatility ratio is showing 3.79% which for the 30-day chart, stands at 3.31%. Furthermore, Paycom Software Inc (PAYC)’s beta value is 0.78, and its average true range (ATR) is 8.74.
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 1.34% in last session, and over the past year, it grew by 43.20%%.
Data on historical trading for Paycom Software Inc (NYSE:PAYC) indicates that the trading volumes over the past 3 months, they’ve averaged 708.64K. According to company’s latest data on outstanding shares, there are 56.00 million shares outstanding.
Nearly 11.88% of Paycom Software Inc’s shares belong to company insiders and institutional investors own 86.17% of the company’s shares. The stock has risen by 23.29% 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.
