March 14, 2018 – By Hazel Jackson
The stock of Paycom Software, Inc. (NYSE:PAYC) reached all time high today, Mar, 14 and still has $115.32 target or 3.00 % above today’s $111.96 share price. This indicates more upside for the $6.63B company. This technical setup was reported by Barchart.com. If the $115.32 PT is reached, the company will be worth $198.78M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.
The stock increased 2.22% or $2.44 during the last trading session, reaching $111.96. About 196,579 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 61.78% since March 14, 2017 and is uptrending. It has outperformed by 45.08% the S&P500.
Analysts await Paycom Software, Inc. (NYSE:PAYC) to report earnings on May, 1. They expect $0.78 earnings per share, up 77.27 % or $0.34 from last year’s $0.44 per share. PAYC’s profit will be $46.16 million for 35.88 P/E if the $0.78 EPS becomes a reality. After $0.24 actual earnings per share reported by Paycom Software, Inc. for the previous quarter, Wall Street now forecasts 225.00 % EPS growth.
Paycom Software, Inc. (NYSE:PAYC) Ratings Coverage
Among 18 analysts covering Paycom Software (NYSE:PAYC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Paycom Software had 65 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Paycom Software, Inc. (NYSE:PAYC) rating on Tuesday, August 1. RBC Capital Markets has “Hold” rating and $7400 target. The stock of Paycom Software, Inc. (NYSE:PAYC) has “Buy” rating given on Wednesday, February 7 by Bank of America. The company was downgraded on Wednesday, November 1 by Credit Suisse. The stock has “Overweight” rating by Barclays Capital on Tuesday, September 13. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, August 5 report. The firm has “Buy” rating by Jefferies given on Thursday, October 19. As per Wednesday, August 2, the company rating was maintained by Canaccord Genuity. The stock of Paycom Software, Inc. (NYSE:PAYC) has “Buy” rating given on Wednesday, August 2 by Oppenheimer. RBC Capital Markets maintained Paycom Software, Inc. (NYSE:PAYC) on Sunday, September 3 with “Hold” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, February 13.
More recent Paycom Software, Inc. (NYSE:PAYC) news were published by: Nasdaq.com which released: “Zacks.com highlights: Sony, Atlas Air Worldwide Holdings, Mammoth Energy …” on March 13, 2018. Also Businesswire.com published the news titled: “Paycom Software, Inc. Announces Increased Stock Repurchase Plan” on February 13, 2018. Finance.Yahoo.com‘s news article titled: “The Zacks Analyst Blog Highlights: Builders FirstSource, Paycom Software …” with publication date: March 12, 2018 was also an interesting one.
Paycom Software, Inc. provides cloud human capital management software solution that is delivered as software-as-a-service for small to mid-sized companies in the United States. The company has market cap of $6.63 billion. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. It has a 98.73 P/E ratio. The company’s HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, E-Verify, and tax credit service applications; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking applications.
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