With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.68 million shares. The 52-week range on PAYC shows that it touched its highest point at $261.69 and its lowest point at $139.50 during that stretch. It currently has a 1-year price target of $241.64. With its current market cap of 15.12 billion, PAYC has annualized dividend of $1.50 while the current yield stands at 0.57%. Beta for the stock currently stands at 0.82.
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 1.97%, but this was up by 19.28% over a month. Three-month performance surged to 22.74% while six-month performance rose 19.46%. The stock gained 45.04% in the past year, while it has gained 27.58% so far this year. A look at the trailing 12-month EPS for PAYC yields 7.00 with Next year EPS estimates of 9.91. For the next quarter, that number is 1.78. This implies an EPS growth rate of 9.01% for this year and 10.78% for next year. EPS is expected to grow by 9.72% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.60%.
Float and Shares Shorts:
At present, 56.00 million PAYC shares are outstanding with a float of 51.10 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.91193 being high and $7.79221 being low. For PAYC, this leads to a yearly average estimate of $7.85207.
