Paycom Software Inc (PAYC) Stock Forecast & Predictions

Paycom Software Inc PAYC: $505.79

7501 W Memorial Rd, Oklahoma City, Oklahoma, United States. | Sector: Information | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.paycom.com

  • Market Cap$30.98B
  • Change (52 Weeks)81.70%
  • Low (52 Weeks)$286
  • Paycom Software Inc (PAYC) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Paycom Software Inc (PAYC) stock price is $505.79 and the 52 weeks low is $286, which means the Paycom Software Inc stock price is up 81.70% in the last 12 months.

    Paycom Software Inc (PAYC) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that PAYC Stock price might rise further, 18.75% indicating that PAYC Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall PAYC stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Paycom Software Inc (PAYC) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Paycom Software Inc (PAYC) is based on 20 Institutional Analyst Ratings where 40.00% are on Strong Buy, 35.00% on Moderate Buy, 25.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 20 Institutional Analysts, majority recommended PAYC stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Paycom Software Inc.

    Paycom Software Inc (PAYC) Stock Price Prediction By Analysts


    HighLowAverage
    $550.20$404.00$485.52
    $485.524.01% Downside
    Updated: 2021-09-19 00:00:00

    The Average Price target for PAYC set by the institutional analysts is $485.52 where High Estimate is $550.20, Median $487.56 and Low $404.00.

    The average price target for PAYC by Institutional Analysts is $485.52, which is 4.01% Downside from the current price. So according to the Institutional Analysts, PAYC Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Paycom Software Inc (PAYC) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with PAYC stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about PAYC and holding their positions hoping for a further rise in the stock price and more profit.

    Paycom Software Inc (PAYC) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Wolfe ResearchOutperformMaintained
    Piper SandlerOverweightMaintained
    OppenheimerOutperformMaintained
    NeedhamBuyMaintained
    MizuhoNeutralMaintained
    Piper SandlerOverweightMaintained
    NeedhamBuyMaintained
    KeybancOverweightMaintained
    Wolfe ResearchOutperformInitiated
    BarclaysEqual-WeightMaintained
    JefferiesBuyUpgraded
    RBC CapitalOutperformMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    Credit SuisseNeutralMaintained
    Cowen & Co.OutperformMaintained
    Credit SuisseNeutralMaintained
    Piper SandlerOverweightMaintained
    NeedhamBuyMaintained
    Credit SuisseUnderperformMaintained
    JP MorganNeutralUpgraded
    Credit SuisseUnderperformMaintained
    KeyBancOverweightReiterated
    RBC CapitalOutperformUpgraded
    BarclaysEqual-WeightMaintained
    OppenheimerOutperformMaintained
    StifelBuyUpgraded
    Cowen & Co.OutperformInitiated
    Piper SandlerOverweightUpgraded
    NeedhamBuyMaintained
    BarclaysEqual-WeightMaintained
    Piper SandlerNeutralInitiated
    CitigroupBuyMaintained
    StifelHoldMaintained
    RBC CapitalSector PerformMaintained
    OppenheimerOutperformMaintained
    NeedhamBuyMaintained
    BarclaysEqual-WeightMaintained
    JP MorganUnderweightDowngraded
    Credit SuisseUnderperformDowngraded
    OppenheimerOutperformMaintained
    RBC CapitalSector PerformDowngraded
    NeedhamBuyMaintained
    OppenheimerOutperformMaintained
    MizuhoNeutralReiterated
    RBC CapitalOutperformMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    Credit SuisseNeutralMaintained
    Cantor FitzgeraldNeutralMaintained
    BairdOutperformMaintained
    CitigroupBuyMaintained
    KeyBancOverweightMaintained
    RBC CapitalOutperformUpgraded
    Stifel NicolausHoldMaintained
    KeyBancOverweightMaintained
    CitiBuyInitiated
    MizuhoNeutralInitiated
    JefferiesHoldDowngraded
    KeyBancOverweightMaintained
    Cantor FitzgeraldNeutralInitiated
    Canaccord GenuityHoldMaintained
    Stifel NicolausHoldMaintained
    KeyBancOverweightMaintained
    BarclaysEqual-WeightMaintained
    KeyBancOverweightMaintained
    BarclaysEqual-WeightMaintained
    KeyBancOverweightMaintained
    Canaccord GenuityHoldMaintained
    Credit SuisseNeutralMaintained
    Canaccord GenuityHoldMaintained
    Canaccord GenuityHoldDowngraded
    Bank of AmericaNeutralDowngraded
    BarclaysEqual-WeightMaintained
    GuggenheimNeutralInitiated
    Stifel NicolausHoldMaintained
    Credit SuisseNeutralMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    NeedhamBuyInitiated
    Credit SuisseNeutralMaintained
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightDowngraded
    Stifel NicolausHoldDowngraded
    KeyBancOverweightMaintained
    KeyBancOverweightUpgraded
    Stifel NicolausBuyMaintained
    Credit SuisseNeutralMaintained
    BarclaysOverweightMaintained
    Bank of AmericaBuyMaintained
    BairdOutperformMaintained
    Bank of AmericaBuyInitiated
    OppenheimerOutperformMaintained
    JP MorganNeutralMaintained
    JefferiesBuyMaintained
    Credit SuisseNeutralDowngraded
    BarclaysOverweightMaintained
    DoughertyBuyInitiated
    BarclaysOverweightMaintained
    Credit SuisseOutperformMaintained
    Canaccord GenuityBuyMaintained
    MizuhoNeutralDowngraded
    Wells FargoOutperformInitiated
    MizuhoBuyInitiated
    WunderlichBuyReiterated
    Pacific CrestSector WeightDowngraded
    OppenheimerOutperformInitiated
    JP MorganNeutralDowngraded
    RBC CapitalSector PerformInitiated
    BarclaysOverweightMaintained
    UBSBuyMaintained
    Stifel NicolausBuyMaintained
    BarclaysOverweightMaintained
    Stifel NicolausBuyMaintained
    UBSBuyInitiated
    WunderlichBuyInitiated
    JP MorganOverweightMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightUpgraded
    BairdOutperformInitiated
    Stifel NicolausBuyMaintained
    Pacific CrestOverweightMaintained
    BarclaysEqual-WeightMaintained
    JefferiesBuyMaintained
    Canaccord GenuityBuyMaintained
    BarclaysEqual-WeightMaintained
    Brean CapitalBuyInitiated
    Stifel NicolausBuyMaintained
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    BarclaysEqual-WeightMaintained
    Credit SuisseOutperformInitiated
    BarclaysEqual-weightDowngraded
    JefferiesBuyInitiated
    Stifel NicolausBuyMaintained
    Canaccord GenuityBuyMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyInitiated
    Pacific CrestOutperformInitiated
    JP MorganOverweightInitiated
    Canaccord GenuityBuyInitiated
    BarclaysOverweightInitiated

    Paycom Software Inc (PAYC) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.076
    The average consensus EPS for PAYC is $1.076 with a high estimate of $1.155 and Low of $0.892 for the period 2021-12-31 and based on 14 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.97$0.85342380000000012021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.92088662021-09-30
    $0.97$0.85342380000000012021-06-30
    $1.47$1.44395282021-03-31
    $0.84$0.81031862020-12-31
    $0.7$0.56442722020-09-30
    $0.62$0.635462020-06-30
    $1.33$1.29021842020-03-31
    $0.86$0.79029600000000012019-12-31
    $0.7$0.68627642019-09-30
    $0.75$0.71036879999999992019-06-30
    $1.19$1.13607599999999992019-03-31
    $0.61$0.56657940000000012018-12-31
    $0.52$0.52339262018-09-30
    $0.59$0.493302600000000042018-06-30
    $0.95$0.915452018-03-31
    $0.29$0.243782017-12-31
    $0.29$0.19121942017-09-30
    $0.26$0.20533622017-06-30
    $0.47$0.422127000000000032017-03-31
    $0.18$0.127969199999999982016-12-31
    $0.15$0.11696342016-09-30
    $0.21$0.13352822016-06-30
    $0.33$0.20279642016-03-31
    $0.1$0.08126342015-12-31
    $0.08$0.070380000000000012015-09-30
    $0.1$0.06312782015-06-30
    $0.12$0.080202600000000012015-03-31
    $0.06$0.0432276000000000052014-12-31
    $0.05$0.0367199999999999962014-09-30
    $0.04$0.034682014-06-30
    $0.03$0.04082014-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).