La vendita allo scoperto per Paycom Software dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Paycom Software. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Paycom Software (NYSE:PAYC) Azioni, Report sulle vendite allo scoperto

Paycom Software

Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

News

Short Ideas

Insider Trades

Markets

Trading Ideas

PAYC

Gli insider vendono azioni di Paycom, B&amp;G Foods e Zillow durante il crollo del Nasdaq: segnali di allarme per il mercato.

Crollo del Nasdaq: gli insider si sbarazzano di questi titoli

Pre-Market Outlook

NVDA

Jen-Hsun Huang di Nvidia vende 240.000 azioni: scopri altre operazioni significative degli insider e le loro implicazioni.

Huang vende le sue azioni Nvidia: questa e altre operazioni degli insider

Paycom Software Inc

PAYCHEX ORD

PAYCOM SOFTWARE ORD

Paychest Inc

Paychex Inc

Paycor HCM Inc

Paycore Minerals Inc

Paycom Software's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) short percent of float has fallen 27.03% since its last report. The company recently reported that it has 2.68 million shares sold short, which is 5.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Paycom Software Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728933323_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Paycom Software has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Paycom Software's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Paycom Software's peer group average for short interest as a percentage of float is 6.34%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Paycom Software's Recent Short Interest

Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Equal-Weight and raises the price target from $167 to $172.

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Paycom Software, Raises Price Target to $172

TD Cowen analyst Jared Levine maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Hold and raises the price target from $171 to $188.

TD Cowen Maintains Hold on Paycom Software, Raises Price Target to $188

The Nasdaq 100 closed higher by over 1% during Monday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Workday</h3>
<ul>
<li>The Trade: Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) Director George J Still Jr <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 7,500 shares</a> at an average price of $255.45. The insider received around $1.9 million from selling those shares.</li>
<li>What's Happening: On Aug. 22, Workday reported better-than-expected second-quarter financial results and approved a new buyback program to repurchase up to an additional $1.0 billion of shares of its Class A common stock.</li>
<li>What Workday Does: Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions.</li>
</ul>
<h3 class="wp-block-heading">Buckle</h3>
<ul>
<li>The Trade: The Buckle, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) SVP Leasing Brett P Milkie <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 16,000 shares</a> at an average price of $41.35. The insider received around $661,560 from selling those shares.</li>
<li>What's Happening: On Aug. 23, Buckle reported better-than-expected second-quarter revenue results.</li>
<li>What Buckle Does: Buckle Inc is a retailer of casual apparel, footwear, and accessories.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) CEO and President Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $155.46. The insider received around $606,298 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
</ul>
<h3 class="wp-block-heading">MarineMax</h3>
<ul>
<li>The Trade: MarineMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) Clint Moore <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $30.03. The insider received around $75,075 from selling those shares.</li>
<li>What's Happening: On Sept. 9, Citigroup analyst James Hardiman upgraded MarineMax from Neutral to Buy and raised the price target from $40 to $44.</li>
<li>What MarineMax Does: MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories.</li>
</ul>
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</ul>

WDAY

Workday, Buckle And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed sharply lower during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">B&amp;G Foods</h3>
<ul>
<li>The Trade: B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) Executive Vice President and President of Spices &amp; Flavor Solutions. Jordan E Greenberg <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,000 shares</a> at an average price of $8.33. The insider received around $66,638 from selling those shares.</li>
<li>What's Happening: On Aug. 6, B&amp;G Foods posted downbeat quarterly earnings.</li>
<li>What B&amp;G Foods Does: B&amp;G Foods Inc is an American packaged-food manufacturer.</li>
</ul>
<h3 class="wp-block-heading">Zillow</h3>
<ul>
<li>The Trade: Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) Director Erik C Blachford sold a total of 1,413 shares at an average price of $54.87. The insider received around $77,531 from selling those shares.</li>
<li>What's Happening: On Aug. 22, Zillow Group hired Soumya Tulloss as senior vice president of agent sales.</li>
<li>What Zillow Does: Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $162.83. The insider received around $635,025 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. </li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/24/09/40700380/dollar-tree-dicks-sporting-goods-and-3-stocks-to-watch-heading-into-wednesday">Dollar Tree, Dick&#8217;s Sporting Goods And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

Paycom Software And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed higher by around 0.2% during Monday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions </a>platform.
<h3 class="wp-block-heading">Philip Morris International</h3>
<ul>
<li>The Trade: Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) President, Europe Region Massimo Andolina <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,000 shares</a> at an average price of $115.35. The insider received around $1.04 million from selling those shares.</li>
<li>What's Happening: On July 23, Philip Morris International shares are trading higher after the company reported better-than-expected second-quarter financial results and raised its FY24 adjusted EPS guidance.</li>
<li>What Philip Morris International Does: Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US.</li>
<li>Benzinga Pro's real-time newsfeed <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1">alerted to latest PM news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30.png" alt="" class="wp-image-492066" style="width:557px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081701/image-1-30-768x705.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $103.82. The insider received around $24.9 million from selling those shares.</li>
<li>What's Happening: On Aug. 6, New Street Research upgraded the stock from Neutral to Buy.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. </li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"> trend in NVDA stock.</a></li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/b0826a61-fac9-4df9-9e28-87fd4a5fef1c" alt="" style="width:627px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Zillow</h3>
<ul>
<li>The Trade: Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) Chief Accounting Officer Jennifer Rock <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,050 shares</a> at an average price of $49.23. The insider received around $199,361 from selling those shares.</li>
<li>What's Happening: On Aug. 12, Susquehanna analyst Shyam Patil maintained Zillow with a Neutral and raised the price target from $42 to $55..</li>
<li>What Zillow Does: Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1">breakout in ZG shares.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="855" height="825" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31.png" alt="" class="wp-image-492080" style="width:564px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31.png 855w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31-300x289.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13081937/image-1-31-768x741.png 768w" sizes="(max-width: 855px) 100vw, 855px" /></a></figure>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $158.27. The insider received around $617,257 from selling those shares.</li>
<li>What's Happening: On July 31, Paycom Software posted upbeat quarterly earnings.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1">earnings reports of PAYC.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="773" height="786" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85.png" alt="" class="wp-image-492083" style="width:503px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85.png 773w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85-295x300.png 295w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/13082112/image-85-768x781.png 768w" sizes="(max-width: 773px) 100vw, 773px" /></a></figure>
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Nvidia, Philip Morris International And 2 Other Stocks Insiders Are Selling

TD Cowen analyst Jared Levine maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Hold and raises the price target from $147 to $171.

TD Cowen Maintains Hold on Paycom Software, Raises Price Target to $171

Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) with a Equal-Weight and raises the price target from $161 to $167.Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Equal-Weight and raises the price target from $161 to $167.

Barclays Maintains Equal-Weight on Paycom Software, Raises Price Target to $167

BMO Capital analyst Daniel Jester maintains Paycom Software (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) with a Market Perform and raises the price target from $160 to $183.BMO Capital analyst Daniel Jester maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Market Perform and raises the price target from $160 to $183.

BMO Capital Maintains Market Perform on Paycom Software, Raises Price Target to $183

Needham analyst Joshua Reilly reiterates Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Paycom Software

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fpaycom.com%2F&amp;esheet=54102589&amp;newsitemid=20240731673591&amp;lan=en-US&amp;anchor=Paycom+Software%2C+Inc.+%28NYSE%3A+PAYC%29&amp;index=1&amp;md5=7814728bfc633be88caba6b39c33dc61">Paycom Software, Inc. (NYSE:</a><a href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, announced today that its board of directors has increased and extended its ongoing stock repurchase plan, such that $1.5 billion is available for repurchases through Aug. 15, 2026. Prior to the increase, approximately $676 million was available for repurchases.

Buybacks

Paycom Increases And Extends Stock Repurchase Plan, Such That $1.5B Is Available For Repurchases Through Aug. 15, 2026 (~$676M Was Available For Repurchases)

Guidance

Paycom Sees Q3 Revenues $444M-$449M vs $448.68M Est., Sees FY24 Revenues $1.86B-$1.875B vs $1.87B Est.

Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.60 by 1.25 percent. The company reported quarterly sales of $438.000 million which beat the analyst consensus estimate of $436.427 million by 0.36 percent. This is a 9.19 percent increase over sales of $401.139 million the same period last year.

Earnings

Earnings Beats

Paycom Software Q2 2024 Adj. EPS $1.62 Beats $1.60 Estimate, Sales $438.000M Beat $436.427M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$8.00</td>
<td>$31.4K</td>
<td>40</td>
<td>2.5K</td>
</tr>
<tr>
<td>ENVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$14.00</td>
<td>$55.0K</td>
<td>350</td>
<td>2.2K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$65.00</td>
<td>$49.5K</td>
<td>788</td>
<td>1.9K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$119.00</td>
<td>$45.1K</td>
<td>0</td>
<td>1.4K</td>
</tr>
<tr>
<td>BR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$220.00</td>
<td>$187.7K</td>
<td>19</td>
<td>276</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$42.00</td>
<td>$72.5K</td>
<td>4.8K</td>
<td>250</td>
</tr>
<tr>
<td>NOC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$460.00</td>
<td>$193.0K</td>
<td>677</td>
<td>207</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$10.00</td>
<td>$47.2K</td>
<td>396</td>
<td>200</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$165.00</td>
<td>$30.5K</td>
<td>117</td>
<td>137</td>
</tr>
<tr>
<td>XPO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$110.00</td>
<td>$105.0K</td>
<td>507</td>
<td>98</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding AAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), we observe a put option sweep with bullish sentiment. It expires in 207 day(s) on February 21, 2025. Parties traded 1013 contract(s) at a $8.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $31.0 per contract. There were 40 open contracts at this strike prior to today, and today 2539 contract(s) were bought and sold. 
• For ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on August 2, 2024. This event was a transfer of 500 contract(s) at a $14.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $110.0 per contract. There were 350 open contracts at this strike prior to today, and today 2249 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on August 2, 2024. This event was a transfer of 500 contract(s) at a $65.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $99.0 per contract. There were 788 open contracts at this strike prior to today, and today 1947 contract(s) were bought and sold. 
• Regarding MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on August 9, 2024. Parties traded 902 contract(s) at a $119.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $50.0 per contract. There were 0 open contracts at this strike prior to today, and today 1496 contract(s) were bought and sold. 
• Regarding BR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BR#NYSE">BR</a>), we observe a call option sweep with bullish sentiment. It expires in 109 day(s) on November 15, 2024. Parties traded 276 contract(s) at a $220.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $187.7K, with a price of $680.0 per contract. There were 19 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a put option trade that happens to be bearish, expiring in 172 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $72.5K, with a price of $290.0 per contract. There were 4844 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• For NOC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), we notice a call option sweep that happens to be bearish, expiring in 18 day(s) on August 16, 2024. This event was a transfer of 100 contract(s) at a $460.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $193.0K, with a price of $1930.0 per contract. There were 677 open contracts at this strike prior to today, and today 207 contract(s) were bought and sold. 
• For LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we notice a call option trade that happens to be bullish, expiring in 508 day(s) on December 19, 2025. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $47.2K, with a price of $472.0 per contract. There were 396 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For PAYC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>), we notice a put option sweep that happens to be bullish, expiring in 18 day(s) on August 16, 2024. This event was a transfer of 28 contract(s) at a $165.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $1090.0 per contract. There were 117 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>), we notice a call option sweep that happens to be bullish, expiring in 109 day(s) on November 15, 2024. This event was a transfer of 79 contract(s) at a $110.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $105.0K, with a price of $1333.0 per contract. There were 507 open contracts at this strike prior to today, and today 98 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ENVX

LYFT

UBER

10 Industrials Stocks With Whale Alerts In Today's Session

Investors with a lot of money to spend have taken a bearish stance on Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PAYC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Paycom Software.
This isn't normal.
The overall sentiment of these big-money traders is split between 0% bullish and 100%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $655,502, and there was 1 call, for a total amount of $46,800.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $220.0 for Paycom Software over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Paycom Software stands at 699.5, with a total volume reaching 2,592.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Paycom Software, situated within the strike price corridor from $150.0 to $220.0, throughout the last 30 days.
<h3>Paycom Software Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722015956_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$5.1</td>
<td>$4.4</td>
<td>$5.1</td>
<td>$150.00</td>
<td>$127.5K</td>
<td>2.5K</td>
<td style="text-align: right;">502</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$4.8</td>
<td>$4.1</td>
<td>$4.8</td>
<td>$150.00</td>
<td>$120.0K</td>
<td>2.5K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$9.0</td>
<td>$8.5</td>
<td>$9.0</td>
<td>$160.00</td>
<td>$107.1K</td>
<td>190</td>
<td style="text-align: right;">119</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$4.8</td>
<td>$4.2</td>
<td>$4.68</td>
<td>$150.00</td>
<td>$104.6K</td>
<td>2.5K</td>
<td style="text-align: right;">752</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$59.4</td>
<td>$57.4</td>
<td>$59.4</td>
<td>$220.00</td>
<td>$59.4K</td>
<td>7</td>
<td style="text-align: right;">45</td>
</tr>
</tbody>
</table>

<h3>About Paycom Software</h3>
Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
<h3>Paycom Software's Current Market Status</h3>
<ul>
<li>Trading volume stands at 201,858, with PAYC's price up by 0.37%, positioned at $163.5.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 5 days.</li>
</ul>
<h3>What Analysts Are Saying About Paycom Software</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $161.0.
<ul>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Paycom Software with a target price of $161. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Paycom Software options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Paycom Software Options Trading: A Deep Dive into Market Sentiment

Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Equal-Weight and lowers the price target from $184 to $161.

Barclays Maintains Equal-Weight on Paycom Software, Lowers Price Target to $161

The Nasdaq 100 closed higher by more than 1% on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Best Buy</h3>
<ul>
<li>The Trade: Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) SEVP Cust. Offerings &amp; Fulfill Jason J Bonfig <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,500 shares</a> at an average price of $83.02. The insider received around $290,570 from selling those shares.</li>
<li>What's Happening: On July 1, Truist Securities analyst Scot Ciccarelli maintained Best Buy with a Hold and maintained a price target of $86.</li>
<li>What Best Buy Does: With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Airbnb</h3>
<ul>
<li>The Trade: Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) CEO and Chairman Brian Chesky <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 115,385 shares</a> at an average price of $151.95. The insider received around $17.5 million from selling those shares.</li>
<li>What's Happening: On July 9, Wells Fargo analyst Ken Gawrelski maintained Airbnb with an Underweight and raised the price target from $127 to $129.</li>
<li>What Airbnb Does: Started in 2008, Airbnb is the world&#8217;s largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences.</li>
</ul>
<h3 class="wp-block-heading">Block</h3>
<ul>
<li>The Trade: Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) CFO and COO Amrita Ahuja <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,147 shares</a> at an average price of $66.57. The insider received around $76,356 from selling those shares.</li>
<li>What's Happening: On July 10, Block entered into a agreement to supply Core Scientific (NADAQ:CORZ) with its new 3 nanometer mining ASICs, capable of about 15 EH/s.</li>
<li>What Block Does: Founded in 2009, Block provides payment services to merchants, along with related services.</li>
</ul>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $140.19. The insider received around $546,741 from selling those shares.</li>
<li>What's Happening: Paycom Software said it will release its results for the second quarter, after the closing bell on July 31.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39708358/wall-streets-most-accurate-analysts-weigh-in-on-3-consumer-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Consumer Stocks Delivering High-Dividend Yields</a></li>
</ul>

ABNB

Core Scientific, Inc. - Class A Common Stock

CORZ

Airbnb, Best Buy And 2 Other Stocks Insiders Are Selling

Paycom Software's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) short percent of float has risen 11.35% since its last report. The company recently reported that it has 2.30 million shares sold short, which is 4.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Paycom Software Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720471511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Paycom Software has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Paycom Software's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Paycom Software's peer group average for short interest as a percentage of float is 5.65%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Paycom Software?

The Nasdaq 100 closed higher by around 1% on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $123.26. The insider received around $29.58 million from selling those shares.</li>
<li>What's Happening: On July 5, New Street Research analyst Pierre Ferragu downgraded NVIDIA from Buy to Neutral.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070824&amp;t=be2bearmibe3na1">Benzinga Pro's earnings calendar</a> was used to track NVDA&#8217;s upcoming earnings report.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="664" height="730" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033829/Screenshot-2024-07-08-at-1.08.23-PM.png" alt="" class="wp-image-423428" style="width:494px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033829/Screenshot-2024-07-08-at-1.08.23-PM.png 664w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033829/Screenshot-2024-07-08-at-1.08.23-PM-273x300.png 273w" sizes="(max-width: 664px) 100vw, 664px" /></a></figure>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Amazon.com</h3>
<ul>
<li>The Trade: Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Executive Chair Jeffrey P Bezos <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,664,886 shares</a> at an average price of $200.07. The insider received around $333.1 million from selling those shares.</li>
<li>What's Happening: Australia's top-secret intelligence data will be migrated to the cloud under a $2 billion deal with Amazon.com's cloud service Amazon Web Services. This decision is expected to enhance the country's defense force interoperability with the United States.</li>
<li>What Amazon.com Does: Amazon is the leading online retailer and marketplace for third party sellers.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070824&amp;t=be2bearmibe3na1">breakout in AMZN&#8217;s shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="659" height="744" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033907/Screenshot-2024-07-08-at-1.09.01-PM.png" alt="" class="wp-image-423429" style="width:428px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033907/Screenshot-2024-07-08-at-1.09.01-PM.png 659w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033907/Screenshot-2024-07-08-at-1.09.01-PM-266x300.png 266w" sizes="(max-width: 659px) 100vw, 659px" /></a></figure>
<h3 class="wp-block-heading">Paycom Software</h3>
<ul>
<li>The Trade: Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) Director, CEO, President and Chairman Chad R. Richison <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,900 shares</a> at an average price of $143.30. The insider received around $558,887 from selling those shares.</li>
<li>What's Happening: On June 24, Jefferies analyst Samad Samana maintained Paycom Software with a Hold and lowered the price target from $170 to $145.</li>
<li>What Paycom Software Does: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070824&amp;t=be2bearmibe3na1">Benzinga Pro's charting tool</a> helped identify the trend in PAYC&#8217;s stock.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="690" height="749" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033946/Screenshot-2024-07-08-at-1.09.41-PM.png" alt="" class="wp-image-423430" style="width:475px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033946/Screenshot-2024-07-08-at-1.09.41-PM.png 690w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08033946/Screenshot-2024-07-08-at-1.09.41-PM-276x300.png 276w" sizes="(max-width: 690px) 100vw, 690px" /></a></figure>
<h3 class="wp-block-heading">Blackstone</h3>
<ul>
<li>The Trade: Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) Director Joseph Baratta <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 116,448 shares</a> at an average price of $123.00. The insider received around $14.32 million from selling those shares.</li>
<li>What's Happening: Blackstone is reportedly close to finalizing a deal to sell Alinamin Pharmaceutical, a Japanese supplement maker, to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion).</li>
<li>What Blackstone Does: Blackstone is the world&#8217;s largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070824&amp;t=be2bearmibe3na1">latest BX news</a>.</li>
</ul>
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Paycom (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) is one stock investors should consider adding to their portfolio to benefit from its upside potential.
Making a remarkable rally in 2023, tech stocks have shown no signs of slowing this year. With a year-to-date (YTD) rise of 20.6%, the tech-laden Nasdaq Composite has outperformed The Dow Jones Industrial Average and the S&amp;P 500 index&#39;s increase of 4.3% and 16.1%, respectively.
Technology stocks have more than 50% weightage in the Nasdaq Composite index. The Technology Select Sector SPDR Fund ETF, the most important component of the broad technology market index, has returned 21% YTD. The Zacks Computer and Technology sector has registered a YTD gain of 28.2%
The rally has been primarily driven by cooling inflationary pressure and stable gasoline prices, which have subsided the fears of a recession. A resurgence in global semiconductor sales and a potential benchmark interest rate cut this year are expected to continue driving the momentum for tech stocks for the remainder of 2024.
However, Paycom is among such stocks that have been left behind this year&#39;s tech rally. The stock has plunged 30.8% YTD while the Zacks Internet &ndash; Software industry has risen 39.1% during the same time frame. Therefore, considering the company&#39;s impressive growth profile and attractive valuation, we believe it is the right time to invest in the stock.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/33/70420.jpg?v=1357753015" />
Image Source: Zacks Investment Research
<h3>Why Should You Invest in PAYC Stock?</h3>
Paycom currently trades significantly lower than its 52-week high, which reflects its potential to go upward. The stock&#39;s closing price of $143.11 on Jul 3, 2024, is 61.7% lower than the 52-week high of $374.04 attained on Jul 31, 2023.
Moreover, Paycom currently trades at an attractive valuation multiple. The stock trades at a one-year forward price-to-sales multiple of 4.22X compared with its five-year average of 14.41X. It also trades at a discount to the Zacks Computer &ndash; Technology Sector&#39;s one-year forward price-to-sales multiple of 6.90X.
Additionally, amid ongoing macroeconomic headwinds and geopolitical issues, it is prudent to pick solid growth companies as these are financially stable, accruing profits in established markets. These stocks, with their solid fundamentals, allow investors to hedge their funds from any economic downturn.
Apart from having solid fundamentals, Paycom sports a Zacks Rank #1 (Strong Buy) at present and has a Growth Score of B. Per Zacks&#39; proprietary methodology, stocks with a combination of a Zacks Rank #1 or #2 (Buy) and a Growth Score of A or B offer solid investment opportunities.
Paycom has an impressive earnings surprise history. The company outpaced estimates in each of the trailing four quarters, delivering an average earnings surprise of 6.4%. Additionally, earnings estimates for PAYC&#39;s current fiscal year have increased, implying robust inherent growth potential. The Zacks Consensus Estimate for fiscal 2024 earnings has been revised 2 cents upward over the past 30 days to $7.71 per share.
<h3>Long-Term Growth Drivers</h3>
Paycom is capitalizing on the growing demand for bulky and complex Human Capital Management (HCM) software needed by large enterprises. The company is increasing its market share in this space by designing and deploying HCM solutions that minimize data integrity issues across applications.
PAYC flaunts a diverse portfolio of HCM solutions serving the various needs of enterprises at all levels. Its solutions help it manage talent acquisition, talent management, time and labor management, payroll and human resources management for both permanent and temporary workforce. This has increased Paycom&#39;s client base over the years, with an average annual client retention rate above 90% over the past seven years.
Paycom has grown its revenue meaningfully over the years by providing industry-leading service and technology solutions to its clients and their employees. Its solid business model, diversified products and services, and strategic acquisitions have boosted top-line growth. The Zacks Consensus Estimate suggests that its revenues in 2024 and 2025 will grow 10.2% and 11.1%, respectively, on a year-over-year basis.
Paycom is a cash-rich company with a strong balance sheet. As of Mar 31, 2024, the company had cash and cash equivalents of approximately $371 million, while it had no long-term debt. Since it has net cash available on its balance sheet, the existing cash can be used for pursuing strategic acquisitions, investing in growth initiatives and distributing to shareholders.
Considering a robust demand environment along with a diverse portfolio, continuously expanding customer base and strong cash balance, it is wise to invest in the PAYC stock right now.
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the broader technology sector are NVIDIA, Dropbox (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbx#NASDAQ">DBX</a>) and Datadog (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddog#NASDAQ">DDOG</a>), each sporting a Zacks Rank #1 at present.
The Zacks Consensus Estimate for NVIDIA&#39;s 2025 earnings per share has been revised upward by 3 cents to $2.68 in the past 30 days. Shares of NVDA have skyrocketed 159% in the year-to-date period.
The Zacks Consensus Estimate for Dropbox&#39;s 2024 earnings per share has been revised upward by 11 cents to $2.12 in the past 60 days. Shares of DBX have plunged 23.3% in the year-to-date period.
The Zacks Consensus Estimate for Datadog&#39;s 2024 earnings per share has been revised upward by 12 cents to $1.54 in the past 60 days. Shares of DDOG have gained 8.3% in the year-to-date period.
<a href="https://www.zacks.com/stock/news/2297278/here-s-why-paycom-payc-is-a-promising-portfolio-pick-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2297278">To read this article on Zacks.com click here.</a>

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Barclays analyst Raimo Lenschow maintained a Hold rating on Paycom (PAYC – Research Report) today and set a price target of $172.00. The company's ...

Paycom (PAYC) Gets a Hold from Barclays

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Paycom Software (PAYC) is slated to announce its third-quarter earnings on October 30. While strong demand for its cloud-based HR tools continues, rising costs and margin pressures from ongoing AI investments raise concerns. Should you invest in PAYC before its earnings release? Read more to find out… Paycom Software, Inc. (<a href="https://stocknews.com/stock/PAYC/">PAYC</a>) will report its fiscal 2024 third-quarter earnings later this month, on <a href="https://investors.paycom.com/news/news-details/2024/Paycom-Software-Inc.-Announces-Third-Quarter-2024-Earnings-Release-Date-and-Conference-Call/default.aspx">October 30</a>. In this piece, we will determine whether Paycom is a buy or a sell ahead of its earnings release.
With a market cap of $9.39 billion, PAYC provides cloud-based human capital management (HCM) solutions tailored for small to mid-sized businesses across the U.S. Its all-in-one platform integrates payroll, HR, and talent management functions, helping companies manage their workforce more efficiently, from hiring to retirement.
While Paycom's revenue growth slowed to high single digits by the end of the first half of 2024, it aligns closely with its projected 10% growth target. Moreover, the company's revenue is expected to grow, thanks to the demand for innovative tools like Beti and GONE, which streamline operations by reducing non-productive hours and boosting client efficiency.
For the third quarter, analysts expect the company's revenue to increase 10.1% year-over-year to $447.18 million. However, its <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> is forecasted to sit at $1.62, down 8.5% from the prior-year period. Nevertheless, the company has an impressive earnings history, having beaten the consensus EPS estimates in each of the trailing four quarters.
In the last reported quarter, PAYC exceeded the consensus revenue estimate by $1.15 million, while its adjusted EPS of $1.62 came in slightly above the forecasted $1.60. Given this performance, the upcoming earnings report has the potential for another beat.
Over the past three months, shares of PAYC have gained 1.6%, though they are still down 20.9% year-to-date, closing the latest trading session at $163.57
Here are the financial aspects of PAYC that could influence its price performance in the near term:
Solid Financials
For the second quarter, which ended June 30, 2024, PAYC's total revenue increased 9.1% year-over-year to $437.51 million. Its adjusted gross profit grew 6.1% over the prior-year period to $357.79 million. The company's operating income stood at $95.14 million, up 9% year-over-year.
In addition, its net income came in at $67.97 million and $1.20 per share, representing an increase of 5.4% and 8.1%, respectively, from the same period last year. Also, its cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period rose 11.6% from the prior-year period to $2.61 billion.
Favorable Annual Analyst Estimates
Street expects PAYC's EPS for the current year (ending December 2024) to increase marginally from the year-ago value to $7.78, while its revenue estimate of $1.87 billion reflects a growth of 10.3% year-over-year.
Moreover, for the fiscal year ending December 2025, PAYC's revenue is expected to increase 10.9% year-over-year to $2.07 billion. The company is estimated to post an earnings per share of $8.82 in the next year, indicating a 13.4% improvement from the prior year.
Discounted Valuation
In terms of forward P/E, PAYC is currently trading at 19.88x, 13.8% lower than the industry average of 23.05x. Likewise, its forward EV/EBIT multiple of 15.29 is 10.2% lower than the industry average of 17.02x.
In addition, the stock's trailing-12-month EV/EBITDA of 13.65x is marginally below the 13.86x industry average. Also, its trailing-12-month PEG multiple of 0.39 compares to the industry average of 1.11.
Robust Profitability
PAYC's 86.10% trailing-12-month gross profit margin is 172.2% higher than the 31.64% industry average. The stock's 16.72% trailing-12-month levered FCF margin is 154.9% higher than the 6.56% industry average.
Similarly, its trailing-12-month EBIT and net income margins of 32.87% and 26.55% are relatively higher than their respective industry averages of 10.06% and 6.16%. Furthermore, PAYC's trailing-12-month ROCE of 33.33% compares favorably to the industry average of 12.93%.
POWR Ratings Exhibit Mixed Prospects
PAYC's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. PAYC's B grade for Value and Quality is justified by its lower-than-industry valuation and robust profitability, respectively.
Moreover, the stock is trading above its 100-day moving average of $157.55 but below its 200-day moving average of $173.42, justifying its C grade for Momentum.
PAYC is ranked #49 out of 131 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry. <a href="https://stocknews.com/stock/PAYC/">Click here</a> to access PAYC's Growth, Stability, and Sentiment ratings.
Bottom Line
While there's optimism about Paycom's potential to capitalize on continued demand for its solutions, the company's focus on AI and innovation to enhance the client experience may impact its margins in the near term. In the first half of 2024, topline growth moderated, and higher expenses led to margin contraction. Although revenue is expected to grow, margins will likely remain under pressure.
If top line growth continues to slow, it could further weigh on profitability, potentially leading to bottom-line contraction and a weaker valuation, which could hurt the stock's performance. Given PAYC's high volatility, with a five-year beta of 1.18, the stock's price movements tend to be more pronounced than the broader market. This volatility could create future buying opportunities if the price dips lower. Thus, it could be wise for investors to monitor the stock closely in the coming months.
How Does Paycom Software, Inc. (PAYC) Stack Up Against Its Peers?
While PAYC has an overall grade of C, equating to a Neutral rating, you may check out these A (Strong Buy) rated stocks within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry: IBEX Limited (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>), SS&amp;C Technologies Holdings, Inc. (<a href="https://stocknews.com/stock/SSNC/">SSNC</a>), and TeamViewer SE (<a href="https://stocknews.com/stock/TMVWY/">TMVWY</a>). To explore more Software - Application stocks, <a href="https://stocknews.com/category/software-application/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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PAYC shares were unchanged in premarket trading Thursday. Year-to-date, PAYC has declined -20.36%, versus a 23.66% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/payc-ibex-ssnc-tmvwy-should-you-buy-paycom-software-before-its-next-earnings-report/>Should You Buy Paycom Software Before Its Next Earnings Report?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should You Buy Paycom Software Before Its Next Earnings Report?

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