Could Paycom Software, Inc. (PAYC) See a Reversal After Breaking All Highs?

March 14, 2018 - By Clifton Ray

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 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. Mizuho maintained Paycom Software, Inc. (NYSE:PAYC) on Tuesday, January 23 with “Hold” rating. As per Tuesday, February 13, the company rating was upgraded by KeyBanc Capital Markets. The firm has “Neutral” rating by Mizuho given on Monday, July 10. The stock has “Hold” rating by Mizuho on Thursday, October 12. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, February 6. RBC Capital Markets maintained the shares of PAYC in report on Sunday, September 3 with “Hold” rating. The stock has “Buy” rating by Jefferies on Tuesday, February 6. On Tuesday, April 19 the stock rating was initiated by UBS with “Buy”. As per Wednesday, January 17, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, March 13 by KeyBanc Capital Markets.

More recent Paycom Software, Inc. (NYSE:PAYC) news were published by: which released: “Paycom Software, Inc. Announces Increased Stock Repurchase Plan” on February 13, 2018. Also published the news titled: “The Zacks Analyst Blog Highlights: Builders FirstSource, Paycom Software …” on March 12, 2018.‘s news article titled: “ highlights: Sony, Atlas Air Worldwide Holdings, Mammoth Energy …” with publication date: March 13, 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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