No matter how cynical the overall market is Paycom Software Inc (PAYC) performance over the last week is recorded -2.56%

On Friday, Paycom Software Inc (NYSE: PAYC) opened higher 190.00% from the last session, before settling in for the closing price of $198.21. Price fluctuations for PAYC have ranged from $146.15 to $374.04 over the past 52 weeks.

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A company in the Technology sector has jumped its sales by 24.64% annually for the last half of the decade. Company’s average yearly earnings per share was noted -0.41% at the time writing. With a float of $49.09 million, this company’s outstanding shares have now reached $56.53 million.

In an organization with Mar 01 2024 employees, it is important to assess its efficiency.

Paycom Software Inc (PAYC) Insider Updates

A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Paycom Software Inc is 14.94%, while institutional ownership is 74.00%. The most recent insider transaction that took place on Dec 14, was worth 202. In this transaction President and CEO of this company bought 1 shares at a rate of $201.86, taking the stock ownership to the 4,703,908 shares. Before that another transaction happened on Dec 06, when Company’s Chief Administrative Officer sold 9,005 for $184.55, making the entire transaction worth $1,661,899. This insider now owns 44,250 shares in total.

Paycom Software Inc (PAYC) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $1.93 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.78) by $0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.7 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -0.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.89% during the next five years compared to 20.27% growth over the previous five years of trading.

Paycom Software Inc (NYSE: PAYC) Trading Performance Indicators

Check out the current performance indicators for Paycom Software Inc (PAYC). In the past quarter, the stock posted a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.47. Likewise, its price to free cash flow for the trailing twelve months is 37.57.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.90, a number that is poised to hit 2.45 in the next quarter and is forecasted to reach 8.83 in one year’s time.

Technical Analysis of Paycom Software Inc (PAYC)

Let’s dig in a bit further. During the last 5-days, its volume was 1.4 million. That was better than the volume of 0.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.44%. Additionally, its Average True Range was 6.34.

During the past 100 days, Paycom Software Inc’s (PAYC) raw stochastic average was set at 32.77%, which indicates a significant increase from 23.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.93% in the past 14 days, which was lower than the 82.83% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $196.12, while its 200-day Moving Average is $257.69. However, in the short run, Paycom Software Inc’s stock first resistance to watch stands at $195.87. Second resistance stands at $201.73. The third major resistance level sits at $205.94. If the price goes on to break the first support level at $185.80, it is likely to go to the next support level at $181.59. Assuming the price breaks the second support level, the third support level stands at $175.73.

Paycom Software Inc (NYSE: PAYC) Key Stats

There are currently 60,228K shares outstanding in the company with a market cap of 10.96 billion. Presently, the company’s annual sales total 1,375 M according to its annual income of 281,390 K. Last quarter, the company’s sales amounted to 406,300 K and its income totaled 75,220 K.