Shares in Paycom Software Inc show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good. Investors have an opportunity to buy the stock and target the $ 117.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
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.
The group usually releases upbeat results with huge surprise rates.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 83.35 USD
The company's "enterprise value to sales" ratio is among the highest in the world.
With an expected P/E ratio at 55.29 and 38.09 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
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