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How to Buy Paycom Software Stock

Paycom Software Inc

Paycom Software is a app company located in Oklahoma, United States, which is part of the Technology sector, and is traded under the ticker PAYC on the NYSE exchange.

Paycom Software stock last closed at $197.22, up 3.47% from the previous day, and has decreased 27.62% in one year. It has underperformed other stocks in the Software - Application industry by 0.67 percentage points. Paycom Software stock is currently +34.94% from its 52-week low of $146.15, and -47.27% from its 52-week high of $374.04.

As of Mar 27, 2024, there are 57.55M PAYC shares outstanding. The market capitalization of PAYC is $11.35B. In the last 24 hours, 766,180 PAYC shares were traded.

How to Buy Paycom Software Stock

Wondering how to invest in Paycom Software stock? Here's how.
  1. Decide where to buy Paycom Software stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Paycom Software stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your payment method and add your info.
  4. Research Paycom Software stock: The Paycom Software ticker symbol is PAYC. Is Paycom Software stock a good investment? Should you buy shares of PAYC? How do PAYC's underlying business fundamentals look? Do top analysts think Paycom Software is a good buy? Why has PAYC's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if PAYC is a good stock to buy).
  5. Make your PAYC buy order: Decide if you will purchase PAYC shares at the current market price or use a limit order to buy PAYC shares at a specific price.
  6. Get the latest scoop on your PAYC position: Create a watchlist to key updates about your new investment in Paycom Software shares.

Step 1: Decide where to buy Paycom Software stock

You need a brokerage account in order to access the NYSE market and buy PAYC shares.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to invest in PAYC stock today.

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Step 3: Put funds into your brokerage account

Now that you've opened your account on investing apps, you can securely and quickly fund your account:

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Step 4: Research Paycom Software stock

After you have figured out the best place to buy Paycom Software stock, it's crucial to research their stock before you buy, so you can wrap your head around the risk as well as the opportunity.

Paycom Software shares quick numbers

PAYC Price
$197.22
1w %
3.07%
1y %
-27.62%
5y %
7.79%
P/E
33.37x
P/B
8.71x
P/S
6.72x
PEG
1.89x
Revenue
$1.69B
Earnings
$340.79M
Fore. Rev. Growth
12.09%
Fore. Earn. Growth
17.67%
Market Cap
$11.35B
Next Earnings
Apr 30, 2024
Next Dividend
N/A

PAYC Fundamentals

WallStreetZen was created to help average investors do more accurate fundamental analysis in less time.

You can view all of the due diligence checks on PAYC's stock page.

Is PAYC stock overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge PAYC's fair value.

Using relative valuations measures:

  • PAYC could be undervalued based on its P/E ratio of 33.37x, relative to Software - Application industry P/E ratio of 102.09x
  • PAYC could be overvalued based on its P/B ratio of 8.71x, relative to Software - Application industry P/B ratio of 6.94x
  • PAYC may be overvalued based on its PEG ratio of 1.89x

You can access additional valuation analysis on PAYC's stock here.

PAYC Financial Health Overview

Positive Health Checks:

  • PAYC's operating cash flow of $485.04M allows it to safely service it's debt of $0.00.
  • Total PAYC debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than long-term liabilities on the PAYC balance sheet.
  • There are more short-term assets than short-term liabilities on the PAYC balance sheet.
  • PAYC earnings of $474.33M is not enough to cover its interest payments.

Negative Health Checks:

  • PAYC profit margin has gone down from 20.5% to 20.1% in the past year.
  • PAYC has a relatively high debt to equity ratio of 2.22.

Is PAYC stock a Buy, Hold, or Sell, according to analysts?

Out of 11 Wall Street analysts who track PAYC, the consensus analyst rating on PAYC is a Hold

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Most Recent PAYC Analyst Ratings

Adam Bergere, an analyst from Bank of America downgrades PAYC to a hold rating and lowers their PAYC price target from $330.00 to $185.00, on Nov 2, 2023.

Siti Panigrahi, a bottom 11% analyst from Mizuho maintains PAYC with a hold rating and lowers their PAYC price target from $325.00 to $185.00, on Nov 1, 2023.

Raimo Lenschow, a top 1% analyst from Barclays maintains PAYC with a hold rating and lowers their PAYC price target from $294.00 to $200.00, on Nov 1, 2023.

Daniel Jester, a top 12% analyst from BMO Capital maintains PAYC with a hold rating and lowers their PAYC price target from $320.00 to $190.00, on Nov 1, 2023.

Brad Reback, a top 9% analyst from Stifel Nicolaus downgrades PAYC to a hold rating and lowers their PAYC price target from $400.00 to $160.00, on Nov 1, 2023.

You can dive deeper into what analysts are saying on the Paycom Software stock forecast page.

PAYC Momentum

SMA10
191.71
SMA20
186.73
SMA50
189.46
SMA100
188.83
SMA200
242.05
MACD
1.66
MACD Signal
0.41
MACD Histogram
1.25
RSI
62.7
Stochastic %K
86.23
Stochastic %D
86.36
StochRSI %K
81.95
StochRSI %D
84.28

PAYC Revenue

Last year, PAYC earnings were $340.79M. In the last five year, PAYC's earnings have gone up by 20.05% per year. This was slower than the Software - Application industry average of 31.18%.

Last year, PAYC revenue was $1.69B. During the past five year, PAYC's revenue has gone up by 24.49% per year. This was slower than the Software - Application industry average of 27.46%.

Dig into PAYC's earnings and revenue performance here.

Latest Insiders Trades at PAYC

Over the last year, executives and large shareholders at PAYC have sold more shares than they have bought.

Frederick C. Peters Ii, Director of PAYC, was the latest PAYC insider to sell. They sold $284,805.00 worth of PAYC shares on Feb 20, 2024.

Learn more about who owns PAYC stock here.

Does PAYC stock generate passive income?

Paycom Software pays a dividend of 0.76%, compared to the Software - Application industry's average dividend yield of 2.24%. If you owned $1,000 of PAYC stock, you would have received $7.61 in the past 12 months.

Get more analysis about Paycom Software dividend yield and history here.

What others are saying about PAYC

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Step 5: Make your PAYC buy order

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally sufficient.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a given price limit, use a limit order.

Hit the Open button and eToro will execute the order.

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Step 6: Get the latest scoop on your PAYC position

Now that you own some PAYC stock, you'll want to keep up with your investment.

Put PAYC on a watchlist to track the latest developments regarding your PAYC stock.

PAYC Feed

How to Buy Stock in Paycom Software

To summarize, here are the 6 steps to buy stock in Paycom Software:

  1. Decide where to buy Paycom Software stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Research Paycom Software stock
  5. Make your PAYC buy order
  6. Get the latest scoop on your PAYC position

If you require a online brokerage, eToro is our favorite option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your investment in Paycom Software, click below.

NYSE: PAYC
$197.22+6.62 (+3.47%)
Updated Mar 27, 2024
Open eToro Account
NYSE: PAYC
$197.22+6.62 (+3.47%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Paycom Software share?

As of Mar 27, 2024, it costs $197.22 to buy one share of Paycom Software stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.507 shares of PAYC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Paycom Software stock?

According to 11 Wall Street analysts who monitor Paycom Software, their consensus recommendation is to hold Paycom Software stock.

What is the best way to buy Paycom Software stock?

One way to place an order for Paycom Software stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.