Overall market sentiment has been high on Paycom Software Inc (PAYC) stock lately. PAYC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Paycom Software Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PAYC!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With PAYC Stock Today?
Paycom Software Inc (PAYC) stock is down -0.19% while the S&P 500 is higher by 0.24% as of 2:43 PM on Friday, Jun 9. PAYC is lower by -$0.59 from the previous closing price of $305.01 on volume of 220,549 shares. Over the past year the S&P 500 is higher by 4.58% while PAYC is lower by -2.43%. PAYC earned $5.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 57.23.
To screen for more stocks like Paycom Software Inc click here.
More About Paycom Software Inc
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 16,000 clients, 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.
Click Here to get the full Stock Report for Paycom Software Inc stock.
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