Paycom Software, Inc. Stock Takes a Hit, Experts Weigh In

Paycom Software, Inc. (NYSE:PAYC) experienced a 3.9% decrease in its share price during Friday’s trading session. The stock reached a low of $187.70 before settling at $188.17. A total of 1,060,426 shares were traded, which is a 23% increase from the average daily volume of 861,829 shares.

Several research analysts have recently published reports on PAYC. However, instead of quoting their ratings, it can be summarized that the consensus among them is that Paycom Software is a stock to watch. With a market capitalization of $11.37 billion, a P/E ratio of 33.18, and a beta of 1.21, the company has seen steady growth.

Paycom Software released its quarterly earnings report on February 7th, surpassing analysts’ estimates. The company reported $1.93 earnings per share (EPS) for the quarter, which was $0.15 higher than expected. Revenue for the quarter was $434.60 million, a 17.3% increase compared to the same quarter last year.

Additionally, Paycom Software announced a quarterly dividend of $0.375 per share, which will be paid on March 18th to stockholders of record as of March 4th. This represents an annualized dividend yield of 0.79%.

Hedge funds and institutional investors have also shown interest in Paycom Software. Their holdings in the company have been modified recently, with institutions such as Hexagon Capital Partners LLC and Fairfield Bush & CO. increasing their stakes.

Paycom Software provides a cloud-based human capital management (HCM) solution for small to mid-sized companies in the United States. With its functionality and data analytics, Paycom Software helps businesses manage the entire employment life cycle from recruitment to retirement.

While Paycom Software currently has a “Hold” rating from analysts, there are other stocks that top-rated analysts recommend as better buys. It’s always important to consider multiple investment options and conduct thorough research before making any decisions.

FAQ Section:

1. What is the latest share price of Paycom Software, Inc. (PAYC)?
– The latest share price of Paycom Software, Inc. (PAYC) is $188.17.

2. How much did the stock price decrease during Friday’s trading session?
– The stock price experienced a 3.9% decrease during Friday’s trading session.

3. What was the low point of the stock price during the session?
– The stock reached a low of $187.70.

4. How many shares were traded during the session?
– A total of 1,060,426 shares were traded, which is a 23% increase from the average daily volume.

5. What is the market capitalization of Paycom Software?
– Paycom Software has a market capitalization of $11.37 billion.

6. How does Paycom Software’s P/E ratio compare to its industry peers?
– Paycom Software has a P/E ratio of 33.18, indicating steady growth.

7. When did Paycom Software release its quarterly earnings report?
– Paycom Software released its quarterly earnings report on February 7th.

8. How did Paycom Software’s quarterly earnings compare to analysts’ estimates?
– Paycom Software reported $1.93 earnings per share (EPS) for the quarter, which was $0.15 higher than expected.

9. What was the revenue for the quarter reported by Paycom Software?
– The revenue for the quarter reported by Paycom Software was $434.60 million, a 17.3% increase compared to the same quarter last year.

10. When will Paycom Software pay its quarterly dividend and what is the yield?
– Paycom Software will pay a quarterly dividend of $0.375 per share on March 18th. This represents an annualized dividend yield of 0.79%.

Definitions:
– P/E ratio: Price-to-earnings ratio measures the valuation of a company’s stock based on its current share price relative to its earnings per share.
– Beta: Beta is a measure of a stock’s risk in relation to the market, with a beta of 1 indicating the stock is expected to move in line with the market.

Related Links:
Paycom Software Official Website