Paycom Software Inc : The calm spell can be taken advantage of to put on new positions
11/08/2018 | 08:32am EDT
Entry price :
128.36$ | Target : 141$ | Stop-loss : 121.9$ | Potential : 9.85%
The price of Paycom Software Inc shares is range-bound. This phase will end sooner or later when volatility comes back. Investors have an opportunity to buy the stock and target the $ 141.
Chart PAYCOM SOFTWARE INC
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria. In a short-term perspective, the company has interesting fundamentals.
Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years. The group's activity appears highly profitable thanks to its outperforming net margins. Thanks to a sound financial situation, the firm has significant leeway for investment. Historically, the company has been releasing figures that are above expectations. Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth. For several months, analysts have been revising their EPS estimates roughly upwards. For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner. The stock is in a well-established, long-term rising trend above the technical support level at 112.62 USD
Based on current prices, the company has particularly high valuation levels. The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 53.03 times its estimated earnings per share for the ongoing year.
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Net income 2019
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EV / Sales 2020
11 121 M
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