Paycom Software Inc. (PAYC): Trading Report of Wednesday, August 05


Paycom Software Inc. (NYSE:PAYC) changes shares on Wednesday trading session, with a change of 5.80% or $16.55 shares. The trading starts at $284.96 and closed at $285.50 throughout the day. The trading session low price was $283.19 and day high was $304.6699 on Wednesday, August 05. After the session, the Technology sector daily volume shifted to 1.24 million while its average volume is 671.62K. In other hand, the PAYC market cap reached to $17.82B. While, its current target price is $243.83.

On March 25, 2020, BRIEF-Paycom Software Says CEO Chad Richison’s FY 2019 Total Compensation Was $21.1 Million – SEC Filing. According to the news reported on Reuters, * PAYCOM SOFTWARE INC SAYS CEO CHAD RICHISON’S FY 2019 TOTAL COMPENSATION WAS $21.1 MILLION – SEC FILING

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.59% and down -3.72% for month. Its quarterly performance was 18.43% above, while its half year performance is down -6.34%. PAYC yearly performance stood at positive 34.06% and rise 14.08% for year-to-date. Current recommendation for Paycom Software Inc. is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. PAYC EPS (TTM) for 12-month is 3.36. EPS for this year is 32.30%, while for the next year its value is 4.48. Sales growth for the current quarter is 4.57 while its EPS Q/Q reached 33.10%. It has an EPS of 95.20% up for past five years and for the next five years will be up 19.69%.

Let’s take a look on the analyst recommendations on PAYC for the current month and previous month. For the current month, 4 of 13 analysts recommend stock as Buy while 2 as Sell, 1 as overweight, 1 as underweight and 5 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 2 rated it sell, 3 rated it as Buy and 6 as Hold Ratings. On the other hand, target price ranges from $200.00 – $380.00. Average target price for PAYC was reached at $284.67.

Vanguard Group, Inc. (The), Blackrock Inc. and Price (T.Rowe) Associates Inc are the top three holders in Paycom Software Inc. (PAYC) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 6.04 million shares which valued 1.22 billion. On Mar 30, 2020, Blackrock Inc. owned 4.37 million shares which valued at 882.12 million. On Mar 30, 2020, Price (T.Rowe) Associates Inc has a total of 4.0 million shares which valued at 807.43 million. In the end, Price (T.Rowe) Associates Inc have 6.82% shares outstanding of Paycom Software Inc. (PAYC) on Mar 30, 2020. The insider ownership moved to 7.60% and institutional holding shifted to 77.20%.

The company posted an EPS (TTM) of 3.36. According to the most recent quarter report on (Sep 2020), 12 analysts estimated an average EPS of 0.6, while 0.7 EPS posted a year ago period. Analyst Estimated EPS for PAYC published in the report was $0.53 – $0.81 during the same period. Comparing with last year, the average estimated EPS was 0.7 which is higher than 0.62 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for PAYC rise 13.34% for period of 200 days. SMA for 50 days was -0.77% which is showing red signal, while SMA-20 was 2.61%. The moving average value for Paycom Software Inc. (PAYC) is 273.79 and 303.39 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in PAYC stock. On Aug 03, Smith Bradley Scott, Chief Information Officer, sold 1,000 trading shares at the cost of $287.19, which valued at 0.29 million. On Jul 15, Boelte Craig E., Chief Financial Officer, sold 8,000 shares at the cost of $293.26, with total shares of 372,799. On Jul 09, Evans Jon, Chief Operating Officer, sold 3,000 shares at the cost of 316.82. After this transaction, Evans Jon total shares reached to 26,799 which valued at 0.95 million.