La cadena de opciones muestra datos clave de las opciones de acciones de Paycom Software a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Paycom Software..

Paycom Software (NYSE:PAYC) Bolsa, Cadena de Opciones

Paycom Software

Paycom is a fast-growing provider of payroll and human capital management 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.

News

Short Ideas

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

PAYC

WDAY

El Nasdaq 100 sube más del 1%, mientras insiders de empresas como Workday y Paycom realizan ventas importantes.

Ventas recientes de insiders en Workday (WDAY), Buckle (BKE) y más

Paycom Software Inc

PAYCHEX ORD

PAYCOM SOFTWARE ORD

Paychest Inc

Paychex Inc

Paycor HCM Inc

Paycore Minerals Inc

<h3>Gainers</h3>
<ul>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock rose 54.4% to $0.61 during Wednesday's pre-market session. The market value of their outstanding shares is at $56.6 million. </li>
<li>Armlogi Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOC#NASDAQ">BTOC</a>) shares moved upwards by 31.84% to $7.99. The company's market cap stands at $332.6 million. </li>
<li>CPI Aerostructures (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CVU#AMEX">CVU</a>) shares rose 13.33% to $3.74. The company's market cap stands at $48.7 million. </li>
<li>United Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USEA#NASDAQ">USEA</a>) stock moved upwards by 12.6% to $2.64. The market value of their outstanding shares is at $23.7 million. </li>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock moved upwards by 10.73% to $1.73. The company's market cap stands at $25.7 million. </li>
<li>Polar Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>) stock rose 9.12% to $0.44. The market value of their outstanding shares is at $7.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) stock fell 19.6% to $2.54 during Wednesday's pre-market session. The company's market cap stands at $38.3 million. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) stock fell 8.9% to $0.09. The company's market cap stands at $13.0 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares decreased by 8.36% to $0.44. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) stock decreased by 7.7% to $154.64. The company's market cap stands at $8.8 billion. The company's, Q3 earnings came out today. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares declined by 6.71% to $0.27. The market value of their outstanding shares is at $7.9 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) shares fell 6.36% to $0.73. The market value of their outstanding shares is at $10.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BTOC

CLIK

EFSH

POLA

PXDT

SOAR

USEA

VCIG

WLGS

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock rose 51.9% to $0.6 during Wednesday's pre-market session. The company's market cap stands at $55.7 million. </li>
<li>Armlogi Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOC#NASDAQ">BTOC</a>) stock rose 31.84% to $7.99. The market value of their outstanding shares is at $332.6 million. </li>
<li>CPI Aerostructures (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CVU#AMEX">CVU</a>) shares rose 13.33% to $3.74. The market value of their outstanding shares is at $48.7 million. </li>
<li>United Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USEA#NASDAQ">USEA</a>) shares rose 12.6% to $2.64. The market value of their outstanding shares is at $23.7 million. </li>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) shares increased by 10.73% to $1.73. The market value of their outstanding shares is at $25.7 million. </li>
<li>Polar Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>) stock moved upwards by 9.12% to $0.44. The market value of their outstanding shares is at $7.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares decreased by 19.6% to $2.54 during Wednesday's pre-market session. The market value of their outstanding shares is at $38.3 million. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) shares fell 8.83% to $0.56. The market value of their outstanding shares is at $3.8 million. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) shares decreased by 7.7% to $154.64. The company's market cap stands at $8.8 billion. The company's, Q3 earnings came out today. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock fell 7.3% to $0.45. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) stock decreased by 6.71% to $0.27. The market value of their outstanding shares is at $7.9 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock decreased by 6.55% to $1.0. The market value of their outstanding shares is at $2.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SGBX

WATT

Jefferies analyst Samad Samana maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Hold and raises the price target from $155 to $170.

Price Target

Analyst Ratings

Jefferies Maintains Hold on Paycom Software, Raises Price Target to $170

Paycom Software's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) short percent of float has fallen 27.03% since its last report. The company recently reported that it has 2.68 million shares sold short, which is 5.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Paycom Software Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728933323_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Paycom Software has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Paycom Software's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Paycom Software's peer group average for short interest as a percentage of float is 6.34%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Paycom Software's Recent Short Interest

Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Equal-Weight and raises the price target from $167 to $172.

Barclays Maintains Equal-Weight on Paycom Software, Raises Price Target to $172

TD Cowen analyst Jared Levine maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Hold and raises the price target from $171 to $188.

TD Cowen Maintains Hold on Paycom Software, Raises Price Target to $188

The Nasdaq 100 closed higher by over 1% during Monday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Workday</h3>
<ul>
<li>The Trade: Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) Director George J Still Jr <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 7,500 shares</a> at an average price of $255.45. The insider received around $1.9 million from selling those shares.</li>
<li>What's Happening: On Aug. 22, Workday reported better-than-expected second-quarter financial results and approved a new buyback program to repurchase up to an additional $1.0 billion of shares of its Class A common stock.</li>
<li>What Workday Does: Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions.</li>
</ul>
<h3 class="wp-block-heading">Buckle</h3>
<ul>
<li>The Trade: The Buckle, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) SVP Leasing Brett P Milkie <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 16,000 shares</a> at an average price of $41.35. The insider received around $661,560 from selling those shares.</li>
<li>What's Happening: On Aug. 23, Buckle reported better-than-expected second-quarter revenue results.</li>
<li>What Buckle Does: Buckle Inc is a retailer of casual apparel, footwear, and accessories.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) CEO and President Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $155.46. The insider received around $606,298 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
</ul>
<h3 class="wp-block-heading">MarineMax</h3>
<ul>
<li>The Trade: MarineMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) Clint Moore <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $30.03. The insider received around $75,075 from selling those shares.</li>
<li>What's Happening: On Sept. 9, Citigroup analyst James Hardiman upgraded MarineMax from Neutral to Buy and raised the price target from $40 to $44.</li>
<li>What MarineMax Does: MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories.</li>
</ul>
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</ul>

Workday, Buckle And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed sharply lower during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">B&amp;G Foods</h3>
<ul>
<li>The Trade: B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) Executive Vice President and President of Spices &amp; Flavor Solutions. Jordan E Greenberg <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,000 shares</a> at an average price of $8.33. The insider received around $66,638 from selling those shares.</li>
<li>What's Happening: On Aug. 6, B&amp;G Foods posted downbeat quarterly earnings.</li>
<li>What B&amp;G Foods Does: B&amp;G Foods Inc is an American packaged-food manufacturer.</li>
</ul>
<h3 class="wp-block-heading">Zillow</h3>
<ul>
<li>The Trade: Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) Director Erik C Blachford sold a total of 1,413 shares at an average price of $54.87. The insider received around $77,531 from selling those shares.</li>
<li>What's Happening: On Aug. 22, Zillow Group hired Soumya Tulloss as senior vice president of agent sales.</li>
<li>What Zillow Does: Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $162.83. The insider received around $635,025 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. </li>
</ul>
Read Next: 
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</ul>

Paycom Software And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed higher by around 0.2% during Monday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions </a>platform.
<h3 class="wp-block-heading">Philip Morris International</h3>
<ul>
<li>The Trade: Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) President, Europe Region Massimo Andolina <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,000 shares</a> at an average price of $115.35. The insider received around $1.04 million from selling those shares.</li>
<li>What's Happening: On July 23, Philip Morris International shares are trading higher after the company reported better-than-expected second-quarter financial results and raised its FY24 adjusted EPS guidance.</li>
<li>What Philip Morris International Does: Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US.</li>
<li>Benzinga Pro's real-time newsfeed <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1">alerted to latest PM news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30.png" alt="" class="wp-image-492066" style="width:557px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30-768x705.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $103.82. The insider received around $24.9 million from selling those shares.</li>
<li>What's Happening: On Aug. 6, New Street Research upgraded the stock from Neutral to Buy.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. </li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"> trend in NVDA stock.</a></li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/b0826a61-fac9-4df9-9e28-87fd4a5fef1c" alt="" style="width:627px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Zillow</h3>
<ul>
<li>The Trade: Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) Chief Accounting Officer Jennifer Rock <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,050 shares</a> at an average price of $49.23. The insider received around $199,361 from selling those shares.</li>
<li>What's Happening: On Aug. 12, Susquehanna analyst Shyam Patil maintained Zillow with a Neutral and raised the price target from $42 to $55..</li>
<li>What Zillow Does: Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1">breakout in ZG shares.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="855" height="825" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31.png" alt="" class="wp-image-492080" style="width:564px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31.png 855w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31-300x289.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31-768x741.png 768w" sizes="(max-width: 855px) 100vw, 855px" /></a></figure>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $158.27. The insider received around $617,257 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1">earnings reports of PAYC.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="773" height="786" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85.png" alt="" class="wp-image-492083" style="width:503px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85.png 773w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85-295x300.png 295w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85-768x781.png 768w" sizes="(max-width: 773px) 100vw, 773px" /></a></figure>
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TD Cowen analyst Jared Levine maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Hold and raises the price target from $147 to $171.

TD Cowen Maintains Hold on Paycom Software, Raises Price Target to $171

Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) with a Equal-Weight and raises the price target from $161 to $167.Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Equal-Weight and raises the price target from $161 to $167.

Barclays Maintains Equal-Weight on Paycom Software, Raises Price Target to $167

BMO Capital analyst Daniel Jester maintains Paycom Software (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) with a Market Perform and raises the price target from $160 to $183.BMO Capital analyst Daniel Jester maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Market Perform and raises the price target from $160 to $183.

BMO Capital Maintains Market Perform on Paycom Software, Raises Price Target to $183

Needham analyst Joshua Reilly reiterates Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Paycom Software

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fpaycom.com%2F&amp;esheet=54102589&amp;newsitemid=20240731673591&amp;lan=en-US&amp;anchor=Paycom+Software%2C+Inc.+%28NYSE%3A+PAYC%29&amp;index=1&amp;md5=7814728bfc633be88caba6b39c33dc61">Paycom Software, Inc. (NYSE:</a><a href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, announced today that its board of directors has increased and extended its ongoing stock repurchase plan, such that $1.5 billion is available for repurchases through Aug. 15, 2026. Prior to the increase, approximately $676 million was available for repurchases.

Buybacks

Paycom Increases And Extends Stock Repurchase Plan, Such That $1.5B Is Available For Repurchases Through Aug. 15, 2026 (~$676M Was Available For Repurchases)

Guidance

Paycom Sees Q3 Revenues $444M-$449M vs $448.68M Est., Sees FY24 Revenues $1.86B-$1.875B vs $1.87B Est.

Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.60 by 1.25 percent. The company reported quarterly sales of $438.000 million which beat the analyst consensus estimate of $436.427 million by 0.36 percent. This is a 9.19 percent increase over sales of $401.139 million the same period last year.

Earnings

Earnings Beats

Paycom Software Q2 2024 Adj. EPS $1.62 Beats $1.60 Estimate, Sales $438.000M Beat $436.427M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$8.00</td>
<td>$31.4K</td>
<td>40</td>
<td>2.5K</td>
</tr>
<tr>
<td>ENVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$14.00</td>
<td>$55.0K</td>
<td>350</td>
<td>2.2K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$65.00</td>
<td>$49.5K</td>
<td>788</td>
<td>1.9K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$119.00</td>
<td>$45.1K</td>
<td>0</td>
<td>1.4K</td>
</tr>
<tr>
<td>BR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$220.00</td>
<td>$187.7K</td>
<td>19</td>
<td>276</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$42.00</td>
<td>$72.5K</td>
<td>4.8K</td>
<td>250</td>
</tr>
<tr>
<td>NOC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$460.00</td>
<td>$193.0K</td>
<td>677</td>
<td>207</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$10.00</td>
<td>$47.2K</td>
<td>396</td>
<td>200</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$165.00</td>
<td>$30.5K</td>
<td>117</td>
<td>137</td>
</tr>
<tr>
<td>XPO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$110.00</td>
<td>$105.0K</td>
<td>507</td>
<td>98</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding AAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), we observe a put option sweep with bullish sentiment. It expires in 207 day(s) on February 21, 2025. Parties traded 1013 contract(s) at a $8.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $31.0 per contract. There were 40 open contracts at this strike prior to today, and today 2539 contract(s) were bought and sold. 
• For ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on August 2, 2024. This event was a transfer of 500 contract(s) at a $14.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $110.0 per contract. There were 350 open contracts at this strike prior to today, and today 2249 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on August 2, 2024. This event was a transfer of 500 contract(s) at a $65.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $99.0 per contract. There were 788 open contracts at this strike prior to today, and today 1947 contract(s) were bought and sold. 
• Regarding MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on August 9, 2024. Parties traded 902 contract(s) at a $119.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $50.0 per contract. There were 0 open contracts at this strike prior to today, and today 1496 contract(s) were bought and sold. 
• Regarding BR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BR#NYSE">BR</a>), we observe a call option sweep with bullish sentiment. It expires in 109 day(s) on November 15, 2024. Parties traded 276 contract(s) at a $220.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $187.7K, with a price of $680.0 per contract. There were 19 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a put option trade that happens to be bearish, expiring in 172 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $72.5K, with a price of $290.0 per contract. There were 4844 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• For NOC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), we notice a call option sweep that happens to be bearish, expiring in 18 day(s) on August 16, 2024. This event was a transfer of 100 contract(s) at a $460.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $193.0K, with a price of $1930.0 per contract. There were 677 open contracts at this strike prior to today, and today 207 contract(s) were bought and sold. 
• For LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we notice a call option trade that happens to be bullish, expiring in 508 day(s) on December 19, 2025. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $47.2K, with a price of $472.0 per contract. There were 396 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For PAYC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>), we notice a put option sweep that happens to be bullish, expiring in 18 day(s) on August 16, 2024. This event was a transfer of 28 contract(s) at a $165.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $1090.0 per contract. There were 117 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>), we notice a call option sweep that happens to be bullish, expiring in 109 day(s) on November 15, 2024. This event was a transfer of 79 contract(s) at a $110.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $105.0K, with a price of $1333.0 per contract. There were 507 open contracts at this strike prior to today, and today 98 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ENVX

LYFT

UBER

10 Industrials Stocks With Whale Alerts In Today's Session

Investors with a lot of money to spend have taken a bearish stance on Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PAYC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Paycom Software.
This isn't normal.
The overall sentiment of these big-money traders is split between 0% bullish and 100%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $655,502, and there was 1 call, for a total amount of $46,800.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $220.0 for Paycom Software over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Paycom Software stands at 699.5, with a total volume reaching 2,592.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Paycom Software, situated within the strike price corridor from $150.0 to $220.0, throughout the last 30 days.
<h3>Paycom Software Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722015956_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$5.1</td>
<td>$4.4</td>
<td>$5.1</td>
<td>$150.00</td>
<td>$127.5K</td>
<td>2.5K</td>
<td style="text-align: right;">502</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$4.8</td>
<td>$4.1</td>
<td>$4.8</td>
<td>$150.00</td>
<td>$120.0K</td>
<td>2.5K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$9.0</td>
<td>$8.5</td>
<td>$9.0</td>
<td>$160.00</td>
<td>$107.1K</td>
<td>190</td>
<td style="text-align: right;">119</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$4.8</td>
<td>$4.2</td>
<td>$4.68</td>
<td>$150.00</td>
<td>$104.6K</td>
<td>2.5K</td>
<td style="text-align: right;">752</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$59.4</td>
<td>$57.4</td>
<td>$59.4</td>
<td>$220.00</td>
<td>$59.4K</td>
<td>7</td>
<td style="text-align: right;">45</td>
</tr>
</tbody>
</table>

<h3>About Paycom Software</h3>
Paycom is a fast-growing provider of payroll and human capital management 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.
<h3>Paycom Software's Current Market Status</h3>
<ul>
<li>Trading volume stands at 201,858, with PAYC's price up by 0.37%, positioned at $163.5.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 5 days.</li>
</ul>
<h3>What Analysts Are Saying About Paycom Software</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $161.0.
<ul>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Paycom Software with a target price of $161. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Paycom Software options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Paycom Software Options Trading: A Deep Dive into Market Sentiment

Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Equal-Weight and lowers the price target from $184 to $161.

Barclays Maintains Equal-Weight on Paycom Software, Lowers Price Target to $161

The Nasdaq 100 closed higher by more than 1% on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Best Buy</h3>
<ul>
<li>The Trade: Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) SEVP Cust. Offerings &amp; Fulfill Jason J Bonfig <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,500 shares</a> at an average price of $83.02. The insider received around $290,570 from selling those shares.</li>
<li>What's Happening: On July 1, Truist Securities analyst Scot Ciccarelli maintained Best Buy with a Hold and maintained a price target of $86.</li>
<li>What Best Buy Does: With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Airbnb</h3>
<ul>
<li>The Trade: Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) CEO and Chairman Brian Chesky <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 115,385 shares</a> at an average price of $151.95. The insider received around $17.5 million from selling those shares.</li>
<li>What's Happening: On July 9, Wells Fargo analyst Ken Gawrelski maintained Airbnb with an Underweight and raised the price target from $127 to $129.</li>
<li>What Airbnb Does: Started in 2008, Airbnb is the world&#8217;s largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences.</li>
</ul>
<h3 class="wp-block-heading">Block</h3>
<ul>
<li>The Trade: Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) CFO and COO Amrita Ahuja <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,147 shares</a> at an average price of $66.57. The insider received around $76,356 from selling those shares.</li>
<li>What's Happening: On July 10, Block entered into a agreement to supply Core Scientific (NADAQ:CORZ) with its new 3 nanometer mining ASICs, capable of about 15 EH/s.</li>
<li>What Block Does: Founded in 2009, Block provides payment services to merchants, along with related services.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $140.19. The insider received around $546,741 from selling those shares.</li>
<li>What's Happening: Paycom Software said it will release its results for the second quarter, after the closing bell on July 31.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39708358/wall-streets-most-accurate-analysts-weigh-in-on-3-consumer-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Consumer Stocks Delivering High-Dividend Yields</a></li>
</ul>

ABNB

Core Scientific, Inc. - Class A Common Stock

CORZ

Airbnb, Best Buy And 2 Other Stocks Insiders Are Selling

The Bull's Biggest Hits And Misses

Paycom Software (PAYC) is slated to announce its third-quarter earnings on October 30. While strong demand for its cloud-based HR tools continues, rising costs and margin pressures from ongoing AI investments raise concerns. Should you invest in PAYC before its earnings release? Read more to find out… Paycom Software, Inc. (<a href="https://stocknews.com/stock/PAYC/">PAYC</a>) will report its fiscal 2024 third-quarter earnings later this month, on <a href="https://investors.paycom.com/news/news-details/2024/Paycom-Software-Inc.-Announces-Third-Quarter-2024-Earnings-Release-Date-and-Conference-Call/default.aspx">October 30</a>. In this piece, we will determine whether Paycom is a buy or a sell ahead of its earnings release.
With a market cap of $9.39 billion, PAYC provides cloud-based human capital management (HCM) solutions tailored for small to mid-sized businesses across the U.S. Its all-in-one platform integrates payroll, HR, and talent management functions, helping companies manage their workforce more efficiently, from hiring to retirement.
While Paycom's revenue growth slowed to high single digits by the end of the first half of 2024, it aligns closely with its projected 10% growth target. Moreover, the company's revenue is expected to grow, thanks to the demand for innovative tools like Beti and GONE, which streamline operations by reducing non-productive hours and boosting client efficiency.
For the third quarter, analysts expect the company's revenue to increase 10.1% year-over-year to $447.18 million. However, its <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> is forecasted to sit at $1.62, down 8.5% from the prior-year period. Nevertheless, the company has an impressive earnings history, having beaten the consensus EPS estimates in each of the trailing four quarters.
In the last reported quarter, PAYC exceeded the consensus revenue estimate by $1.15 million, while its adjusted EPS of $1.62 came in slightly above the forecasted $1.60. Given this performance, the upcoming earnings report has the potential for another beat.
Over the past three months, shares of PAYC have gained 1.6%, though they are still down 20.9% year-to-date, closing the latest trading session at $163.57
Here are the financial aspects of PAYC that could influence its price performance in the near term:
Solid Financials
For the second quarter, which ended June 30, 2024, PAYC's total revenue increased 9.1% year-over-year to $437.51 million. Its adjusted gross profit grew 6.1% over the prior-year period to $357.79 million. The company's operating income stood at $95.14 million, up 9% year-over-year.
In addition, its net income came in at $67.97 million and $1.20 per share, representing an increase of 5.4% and 8.1%, respectively, from the same period last year. Also, its cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period rose 11.6% from the prior-year period to $2.61 billion.
Favorable Annual Analyst Estimates
Street expects PAYC's EPS for the current year (ending December 2024) to increase marginally from the year-ago value to $7.78, while its revenue estimate of $1.87 billion reflects a growth of 10.3% year-over-year.
Moreover, for the fiscal year ending December 2025, PAYC's revenue is expected to increase 10.9% year-over-year to $2.07 billion. The company is estimated to post an earnings per share of $8.82 in the next year, indicating a 13.4% improvement from the prior year.
Discounted Valuation
In terms of forward P/E, PAYC is currently trading at 19.88x, 13.8% lower than the industry average of 23.05x. Likewise, its forward EV/EBIT multiple of 15.29 is 10.2% lower than the industry average of 17.02x.
In addition, the stock's trailing-12-month EV/EBITDA of 13.65x is marginally below the 13.86x industry average. Also, its trailing-12-month PEG multiple of 0.39 compares to the industry average of 1.11.
Robust Profitability
PAYC's 86.10% trailing-12-month gross profit margin is 172.2% higher than the 31.64% industry average. The stock's 16.72% trailing-12-month levered FCF margin is 154.9% higher than the 6.56% industry average.
Similarly, its trailing-12-month EBIT and net income margins of 32.87% and 26.55% are relatively higher than their respective industry averages of 10.06% and 6.16%. Furthermore, PAYC's trailing-12-month ROCE of 33.33% compares favorably to the industry average of 12.93%.
POWR Ratings Exhibit Mixed Prospects
PAYC's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. PAYC's B grade for Value and Quality is justified by its lower-than-industry valuation and robust profitability, respectively.
Moreover, the stock is trading above its 100-day moving average of $157.55 but below its 200-day moving average of $173.42, justifying its C grade for Momentum.
PAYC is ranked #49 out of 131 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry. <a href="https://stocknews.com/stock/PAYC/">Click here</a> to access PAYC's Growth, Stability, and Sentiment ratings.
Bottom Line
While there's optimism about Paycom's potential to capitalize on continued demand for its solutions, the company's focus on AI and innovation to enhance the client experience may impact its margins in the near term. In the first half of 2024, topline growth moderated, and higher expenses led to margin contraction. Although revenue is expected to grow, margins will likely remain under pressure.
If top line growth continues to slow, it could further weigh on profitability, potentially leading to bottom-line contraction and a weaker valuation, which could hurt the stock's performance. Given PAYC's high volatility, with a five-year beta of 1.18, the stock's price movements tend to be more pronounced than the broader market. This volatility could create future buying opportunities if the price dips lower. Thus, it could be wise for investors to monitor the stock closely in the coming months.
How Does Paycom Software, Inc. (PAYC) Stack Up Against Its Peers?
While PAYC has an overall grade of C, equating to a Neutral rating, you may check out these A (Strong Buy) rated stocks within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry: IBEX Limited (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>), SS&amp;C Technologies Holdings, Inc. (<a href="https://stocknews.com/stock/SSNC/">SSNC</a>), and TeamViewer SE (<a href="https://stocknews.com/stock/TMVWY/">TMVWY</a>). To explore more Software - Application stocks, <a href="https://stocknews.com/category/software-application/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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PAYC shares were unchanged in premarket trading Thursday. Year-to-date, PAYC has declined -20.36%, versus a 23.66% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/payc-ibex-ssnc-tmvwy-should-you-buy-paycom-software-before-its-next-earnings-report/>Should You Buy Paycom Software Before Its Next Earnings Report?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should You Buy Paycom Software Before Its Next Earnings Report?

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