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

February 15, 2018 - By Kurt Siggers

The stock of Paycom Software, Inc. (NYSE:PAYC) reached all time high today, Feb, 15 and still has $100.31 target or 6.00 % above today’s $94.63 share price. This indicates more upside for the $5.47 billion company. This technical setup was reported by Barchart.com. If the $100.31 PT is reached, the company will be worth $328.14M 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 2.77% or $2.55 during the last trading session, reaching $94.63. About 443,970 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 61.78% since February 15, 2017 and is uptrending. It has outperformed by 45.08% the S&P500.

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 64 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained the shares of PAYC in report on Wednesday, June 7 with “Buy” rating. The firm earned “Buy” rating on Wednesday, August 2 by Canaccord Genuity. Barclays Capital maintained the shares of PAYC in report on Wednesday, August 5 with “Equal Weight” rating. The stock of Paycom Software, Inc. (NYSE:PAYC) earned “Buy” rating by Stifel Nicolaus on Thursday, June 16. As per Tuesday, August 1, the company rating was maintained by RBC Capital Markets. Credit Suisse maintained it with “Outperform” rating and $78 target in Wednesday, August 2 report. Jefferies maintained it with “Buy” rating and $95 target in Wednesday, November 1 report. The rating was maintained by Canaccord Genuity on Sunday, July 30 with “Buy”. The stock of Paycom Software, Inc. (NYSE:PAYC) has “Hold” rating given on Wednesday, July 19 by RBC Capital Markets. As per Tuesday, February 6, the company rating was maintained by Jefferies.

More notable recent Paycom Software, Inc. (NYSE:PAYC) news were published by: Benzinga.com which released: “5 Reasons Why KeyBanc Upgraded Paycom” on February 13, 2018, also Businesswire.com with their article: “Paycom Software, Inc. Announces Increased Stock Repurchase Plan” published on February 13, 2018, Businesswire.com published: “Paycom Ranked Within Winners’ Circle of the 2018 Leadership Excellence and …” on February 12, 2018. More interesting news about Paycom Software, Inc. (NYSE:PAYC) were released by: Nasdaq.com and their article: “Earnings Reaction History: Paycom Software, Inc., 66.7% Follow-Through …” published on February 06, 2018 as well as Seekingalpha.com‘s news article titled: “Paycom Keeps Growing” with publication date: January 16, 2018.

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 $5.47 billion. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. It has a 83.74 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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