Traders Are Coming Over The Fence With Paycom Software, Inc. (PAYC) Shares

Paycom Software, Inc. (PAYC), a Software—Application corporation, was a active mover in the prior market session. Paycom Software, Inc. (PAYC) stock opened at $273.62 and closed the day at $272.03 with momentum of +1.19%. This increase movement lagged the S&P 500’s +1.69% gain on the prior market day.

Paycom Software, Inc. (PAYC) is focused on the Software—Application sector. This sector has seen some movement from investors in recent months. Bullish investors of Paycom Software, Inc. (PAYC) will be looking for positive upcoming earnings whereas bearish investors of Paycom Software, Inc. (PAYC) will be looking for negative earnings. The last time Paycom Software, Inc. (PAYC) had an earnings surprise was on Qtr Ending 03/20 when they reported $1.10 compared to an estimate of $1.05 which was a difference of $+0.05 resulting in a change of +4.76%. Current earnings estimates are to be released for Current Qtr 06/2020 on Paycom Software, Inc. (PAYC) and out of 3 Wall Street estimates the average is saying $0.44. The high estimate is saying $0.60 whereas the low estimate is saying $0.28 and the prior year Paycom Software, Inc. (PAYC) announced earnings at $0.67 a growth rate est. (year over year) of -34.33%.

The market performance of Paycom Software, Inc. (PAYC) has varied recently. Year to date Paycom Software, Inc. (PAYC)’s shares are up 2.75%. Over the past 12 weeks Paycom Software, Inc. (PAYC) is down -10.31% and over the last 4 weeks Paycom Software, Inc. (PAYC) is up 22.54%. Paycom Software, Inc. (PAYC) current income statement shows revenue (ttm) of $780.1M. Gross Profit is $648.34M. This puts the current EBITDA of Paycom Software, Inc. (PAYC) at $279.08M.

Wall street investors might also notice recent changes to stock analyst estimates for Paycom Software, Inc. (PAYC). The stock is trading with an RSI (relative strength index) of 62.18 indicating Paycom Software, Inc. (PAYC) is neither overbought nor oversold. Technically, PAYC’s short term support levels are around $1367.66, $1334.96 and $1286.57 on the downside. PAYCs short term resistance levels are $1526.69, $1493.59 and $1432.99 on the upside. The market cap of Paycom Software, Inc. (PAYC) is $15.932B and institutions hold 77.20% of the stock. The outstanding share count stands at 57.87M while the short float (shares short) stands at 7.26%.

Research shows that these earning estimate changes look to be directly correlated with short-term stock prices. The investors can look to capitalize on the basis of ranking. Based on technical analysis, PAYC has short term rating of Bullish (0.47), Intermediate rating of Bullish (0.40) and the long-term rating of Very Bullish (0.51) giving it an overall rating of Bullish (0.46).

The EPS growth this year on Paycom Software, Inc. (PAYC) is increased 32.30% and is expected to increase 24.50% next year. However, quarterly earnings (EPS) growth year over year on Paycom Software, Inc. (PAYC) has increased by 33.10% and quarterly revenue (Sales) growth year over year stands at 21.30%. Gross margin is detected at 85.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is – while return on equity (ttm) is -.

Recent Developments:

2020-04-28 – Paycom Software Inc Withdraws Previously Issued Full-Year 2020 Guidance.
2020-03-25 – Paycom Software Says CEO Chad Richison’s FY 2019 Total Compensation Was $21.1 Million – SEC Filing.
2020-02-05 – Paycom Software Q4 Non-GAAP Earnings Per Share $0.86.
2020-01-22 – Paycom Software Set To Join S&P 500.
2019-12-02 – Paycom Software, Inc. Presents at Credit Suisse 23rd Annual Technology Conference, Dec-03-2019 03:30 PM.

About Company:

Headquartered in Oklahoma City, Paycom Software, Inc. is a provider of cloud-based human capital management (HCM) software as a service solution for integrated software for both employee records andtalent management processes. Founded in 1998, the company offers analytics that manages the complete employment life cycle from recruitment to retirement.

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