What’s Paycom Software Inc Upside After Today’s Bullish Options Activity?

 What's Paycom Software Inc Upside After Today's Bullish Options Activity?

In today’s session Paycom Software Inc (PAYC) registered an unusually high (2,666) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PAYC increase. With 2,666 contracts traded and 38724 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAYC161118C00055000 closed last at: $1.2 or 41.2% up. About 304,281 shares traded hands. Paycom Software Inc (NYSE:PAYC) has risen 46.79% since March 30, 2016 and is uptrending. It has outperformed by 43.78% the S&P500.

Paycom Software Inc (NYSE:PAYC) Ratings Coverage

Out of 8 analysts covering Paycom Software (NYSE:PAYC), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Paycom Software has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Friday, July 15 with “Overweight”. The company was maintained on Wednesday, August 5 by Canaccord Genuity. As per Tuesday, September 13, the company rating was maintained by Barclays Capital. The firm has “Outperform” rating given on Thursday, January 7 by Robert W. Baird. The rating was initiated by UBS on Tuesday, April 19 with “Buy”. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, August 5 report. The stock has “Overweight” rating given by Barclays Capital on Wednesday, January 6. Wunderlich initiated it with “Buy” rating and $34 target price in Thursday, February 18 report. Stifel Nicolaus maintained it with “Buy” rating and $50 target price in Thursday, June 16 report. The firm earned “Buy” rating on Wednesday, August 5 by Stifel Nicolaus.

According to Zacks Investment Research, “Paycom Software, Inc. is a provider of a cloud-based human capital management software solution delivered as Software-as-a-Service. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its HCM solution offers a suite of applications in the areas of talent acquisition, time and labor management, and payroll. The company’s HCM solution also provides talent management applications, and HR management applications. Paycom Software, Inc. is headquartered in Oklahoma City, Oklahoma.”

Paycom Software, Inc. is a well-known provider of cloud human capital management (HCM) software solution delivered as software as a service (SaaS). The company has a market cap of $3.14 billion. The Company’s solution is based on a system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications. It has a 81.91 P/E ratio. Talent acquisition includes applicant tracking, on-boarding, e-verify and tax credit services.

PAYC Company Profile

Paycom Software, Inc. (Paycom), incorporated on October 31, 2013, is a well-known provider of cloud human capital management (HCM) software solution delivered as software as a service (SaaS). The Firm provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s solution requires virtually no customization and is based on a system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications. Talent acquisition includes applicant tracking, candidate tracker, background checks, on-boarding, e-verify and tax credit services. Time and labor management includes time and attendance, scheduling/schedule exchange, time-off requests, labor allocation and labor management reports/push reporting. Payroll includes payroll and tax management, Paycom pay, expense management, garnishment management and GL Concierge. Talent management includes employee self-service, compensation budgeting, performance management, executive dashboard and Paycom learning. Human resources management includes document and task management, government and compliance, benefits administration, COBRA administration, personnel action forms, surveys and ACA dashboard.

More notable recent Paycom Software Inc (NYSE:PAYC) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 15, 2014, also Fool.com with their article: “Why Paycom Software Inc. Jumped on Wednesday” published on November 04, 2015, Businesswire.com published: “Paycom Software, Inc. Announces Stock Repurchase Plan” on May 26, 2016. More interesting news about Paycom Software Inc (NYSE:PAYC) were released by: Newsok.com and their article: “Paycom’s earnings, campus in OKC continue to expand” published on August 03, 2016 as well as Businesswire.com‘s news article titled: “Paycom Software, Inc. Announces Third Quarter 2016 Earnings Release Date and …” with publication date: October 18, 2016.

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