With 0.58 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.6 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $207.9399 whereas the lowest price it dropped to was $204.17. The 52-week range on PAYC shows that it touched its highest point at $242.74 and its lowest point at $139.50 during that stretch. It currently has a 1-year price target of $218.85. With its current market cap of 11.48 billion, PAYC has annualized dividend of $1.50 while the current yield stands at 0.73%. PAYC paid its most recent dividend on 1732492800, while the ex-dividend date for that was 1732492800. Beta for the stock currently stands at 1.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAYC was up-trending over the past week, with a rise of 1.61%, but this was down by -14.44% over a month. Three-month performance surged to 24.70% while six-month performance rose 27.52%. The stock gained 3.94% in the past year, while it has gained 0.19% so far this year. A look at the trailing 12-month EPS for PAYC yields 8.31 with Next year EPS estimates of 8.64. For the next quarter, that number is 1.97. This implies an EPS growth rate of 1.31% for this year and 10.05% for next year. EPS is expected to grow by 10.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.26%.
Float and Shares Shorts:
At present, 55.88 million PAYC shares are outstanding with a float of 49.37 million shares on hand for trading. On 2024-12-31, short shares totaled 2.35 million, which was 407.99997999999994 higher than short shares on 1732838400. In addition to Mr. Chad R. Richison as the firm’s Founder, President, CEO & Chairman of the Board, Mr. Craig E. Boelte CPA serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 0.8547 of PAYC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PAYC reported revenue of $451934000.0 and operating income of $104874000.0. The EBITDA in the recently reported quarter was $147179000.0 and diluted EPS was $1.31.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAYC since 11 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PAYC analysts setting a high price target of 278.0 and a low target of 185.0, the average target price over the next 12 months is 219.08267. Based on these targets, PAYC could surge 35.38% to reach the target high and fall by -9.91% to reach the target low. Reaching the average price target will result in a growth of 6.69% from current levels.
Analysts have provided yearly estimates in a range of $7.91178 being high and $7.79206 being low. For PAYC, this leads to a yearly average estimate of $7.85192. Based on analyst estimates, the high estimate for the next quarter is $2.91 and the low estimate is $2.49. The average estimate for the next quarter is thus $2.71.
