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Paycom Software Inc (NYSE: PAYC) closed the day trading at $174.44 up 1.84% from the previous closing price of $171.29. In other words, the price has increased by $1.84 from its previous closing price. On the day, 0.73 million shares were traded. PAYC stock price reached its highest trading level at $175.3 during the session, while it also had its lowest trading level at $169.7275.
Ratios:
For a better understanding of PAYC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.21. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On January 05, 2024, Jefferies Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $195.
On November 07, 2023, UBS started tracking the stock assigning a Buy rating and target price of $235.UBS initiated its Buy rating on November 07, 2023, with a $235 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 20 ’24 when PETERS FREDERICK C II sold 1,500 shares for $189.87 per share. The transaction valued at 284,805 led to the insider holds 15,067 shares of the business.
Richison Chad R. bought 1 shares of PAYC for $202 on Dec 14 ’23. The President and CEO now owns 4,703,908 shares after completing the transaction at $201.86 per share. On Dec 06 ’23, another insider, Clark Jason D., who serves as the Chief Administrative Officer of the company, sold 9,005 shares for $184.55 each. As a result, the insider received 1,661,899 and left with 44,250 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PAYC now has a Market Capitalization of 10136708096 and an Enterprise Value of 9494773760. As of this moment, Paycom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.25, and their Forward P/E ratio for the next fiscal year is 19.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.82 while its Price-to-Book (P/B) ratio in mrq is 6.86. Its current Enterprise Value per Revenue stands at 5.451 whereas that against EBITDA is 14.954.
Stock Price History:
Over the past 52 weeks, PAYC has reached a high of $374.04, while it has fallen to a 52-week low of $146.15. The 50-Day Moving Average of the stock is -7.73%, while the 200-Day Moving Average is calculated to be -22.27%.
Shares Statistics:
Over the past 3-months, PAYC traded about 906.70K shares per day on average, while over the past 10 days, PAYC traded about 1016510 shares per day. A total of 56.53M shares are outstanding, with a floating share count of 50.64M. Insiders hold about 12.85% of the company’s shares, while institutions hold 77.35% stake in the company. Shares short for PAYC as of 1713139200 were 2172133 with a Short Ratio of 2.40, compared to 1710460800 on 2109339. Therefore, it implies a Short% of Shares Outstanding of 2172133 and a Short% of Float of 4.58.
Dividends & Splits
PAYC’s forward annual dividend rate is 1.50, up from 1.5 a year ago. Against a Trailing Annual Dividend Yield of 0.008757079
