In a filing, Paycom Software Inc revealed its Director PETERS FREDERICK C II unloaded Company’s shares for reported $0.28 million on Feb 20 ’24. In the deal valued at $189.87 per share,1,500 shares were sold. As a result of this transaction, PETERS FREDERICK C II now holds 15,067 shares worth roughly $3.13 million.
Then, Richison Chad R. bought 1 shares, generating $202 in total proceeds. Upon buying the shares at $201.86, the President and CEO now owns 4,703,908 shares.
Before that, Clark Jason D. sold 9,005 shares. Paycom Software Inc shares valued at $1,661,899 were divested by the Chief Administrative Officer at a price of $184.55 per share. As a result of the transaction, Clark Jason D. now holds 44,250 shares, worth roughly $9.2 million.
BTIG Research initiated its Paycom Software Inc [PAYC] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. UBS began covering PAYC with “Buy” recommendation on November 07, 2023. BofA Securities revised its rating on November 02, 2023. It rated PAYC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PAYC
On Tuesday, Paycom Software Inc [NYSE:PAYC] saw its stock jump 2.95% to $207.82. Over the last five days, the stock has gained 5.13%. Paycom Software Inc shares have risen nearly 0.53% since the year began. Nevertheless, the stocks have fallen -28.20% over the past one year. While a 52-week high of $374.04 was reached on 04/09/24, a 52-week low of $146.15 was recorded on 03/05/24. SMA at 50 days reached $190.37, while 200 days put it at $237.35. A total of 0.65 million shares were traded, compared to the trading of 0.75 million shares in the previous session.
Levels Of Support And Resistance For PAYC Stock
The 24-hour chart illustrates a support level at 204.38, which if violated will result in even more drops to 200.94. On the upside, there is a resistance level at 209.63. A further resistance level may holdings at 211.43. The Relative Strength Index (RSI) on the 14-day chart is 72.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.91%. Stochastics %K at 81.75% indicates the stock is a selling.
How much short interest is there in Paycom Software Inc?
A steep rise in short interest was recorded in Paycom Software Inc stocks on Mar 15, 2024, dropping by -0.15 million shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.26 million shares. There was a decline of -7.11%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.41% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.3.
