PAYC trade ideas
PAYCOM not quite a buy yet. AVERAGE ANALYSTS PRICE TARGET $243
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 94
SHORT INTEREST 5%
COMPANY PROFILE
Paycom Software, Inc. provides comprehensive, cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions requires virtually no customization and is based on a core system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources management applications. The company was founded by Chad R. Richison in 1998 and is headquartered in Oklahoma City, OK.
Solid As A RockThese guys are rock solid still respecting the trend line like they have (and the 20 day SMA) in spite of all of the downward pressure the whole market is under. If/when they bounce off and/or move above it again (I'd almost bet within a day or two) - I can't help but think climbing aboard would be a safe haven for the time being. This looks as safe as it gets and might even turn in to a long term hold. Even if we get a little bit of a downturn I can't help but believe it would only be a short term bump in the road. For now I'm still neutral, but it wouldn't take much more than a good entry and a bullish MACD cross for me to go long on this baby.
This is not financial advice.
$PAYC Paycom gets 5 price upgrades today on strong earnings. Paycom is a under the radar stock which has rewarded investors handsomely, having already had a 23% move since the last earnings report, it may be difficult to reciprocate that. This morning 5 analysts have increased their price targets which may bring extra interest into the stock.
Company Description
Paycom Software, Inc. provides comprehensive, cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions requires virtually no customization and is based on a core system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources management applications
PAYCSymbol PAYC
Industry: Industry: Internet - Software
EPS due date: Feb 05, 2019 (EST)
Horizontal S&R: yes 118
Channel S&R: no
MA S&R: yes
>200ma: yes
Volume confirmation: no
Candle Confirmation: yes morning stars
Stoch Divergence: no
Reg Trendline >85: no
Short Float: 8%
Entry 124
Stop 110
Price Target 150
Risk / Reward: 1:2
Zacks Rank: 3-Hold 3 Style Scores: F Value | A Growth | C Momentum | C VGM Industry Rank: Top 14%(35 out of 256) Industry: Internet - Software
last analyst commentary:
Paycom announces $150M stock repurchase plan Paycom Software announced that its Board of Directors has authorized a stock repurchase plan under which up to $150M is available to purchase shares of Paycom's outstanding common stock over the next two years. Since May 2016 Paycom's Board of Directors has now authorized the repurchase of up to $425M of common stock.
Any feedback is welcomed.
PAYC - double bottomSymbol PAYC
Industry: Internet - Software
EPS due date: Oct 30 AMC
Horizontal S&R: yes
Channel S&R: yes
MA S&R: yes
>200ma: yes, bounced
Volume confirmation: ok
Candle Confirmation: yes, morning star
Stoch Divergence: yes
Reg Trendline >85: n/a
Short Float: 9%
Stop
Price Target
Risk / Reward: 2:1
Zacks Rank: 2-Buy 2 Style Scores: D Value | B Growth | D Momentum | C VGM Industry Rank: Top 12%(32 out of 257) Industry: Internet - Software
Any feedback is welcomed.
Stalking PAYC for longUse weekly TL support as entry or wait for gap test at 115 if it comes.
10/26 low of 120 is supportive so can use that as a stop for long depending on your risk and entry.
>126 could be a nice entry if it holds.
200d sma ~118.9 currently with gap test at 115, 106.47 gap fill. Against longer term weekly trendline would be another valid entry long.