PAYC Stock Summary and Trading Ideas (Paycom Software | NYSE:PAYC)

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

Paycom Software trades on the NYSE stock market under the symbol PAYC.

As of April 16, 2024, PAYC stock price declined to $190.83 with 390,560 million shares trading.

PAYC has a beta of 0.27, meaning it tends to be less sensitive to market movements. PAYC has a correlation of 0.00 to the broad based SPY ETF.

PAYC has a market cap of $10.79 billion. This is considered a Large Cap stock.

Last quarter Paycom Software reported $435 million in Revenue and $1.93 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.15.

In the last 3 years, PAYC stock traded as high as $558.97 and as low as $146.15.

The top ETF exchange traded funds that PAYC belongs to (by Net Assets): VTI, VOO, VB, RSP, SPY.

PAYC has underperformed the market in the last year with a price return of -36.6% while the SPY ETF gained +23.8%. PAYC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.2% and -3.8%, respectively, while the SPY returned +6.1% and -3.5%, respectively.

PAYC support price is $188.99 and resistance is $196.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAYC stock will trade within this expected range on the day.