Paycom Software Inc (NYSE: PAYC) stock closed at $209.03 on 10/31/24 after a major increase of 21.4%. Moreover, trading volume in this advance was exceptionally high at 364% of normal. The stock has risen 27.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
PAYC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Paycom Software has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Paycom Software has a slightly negative Power Rating of 36 and a slightly negative Appreciation Score of 34, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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