Price Action To Observe: Paycom Software Inc Increases Again; Strong Momentum for Buyers

Price Action To Observe: Paycom Software Inc Increases Again; Strong Momentum for Buyers

The stock of Paycom Software Inc (NYSE:PAYC) is a huge mover today! About 303,501 shares traded hands. Paycom Software Inc (NYSE:PAYC) has risen 18.63% since April 14, 2016 and is uptrending. It has outperformed by 13.94% the S&P500.
The move comes after 5 months positive chart setup for the $2.56B company. It was reported on Nov, 16 by Barchart.com. We have $68.56 PT which if reached, will make NYSE:PAYC worth $1.54B more.

Paycom Software Inc (NYSE:PAYC) Ratings Coverage

Out of 9 analysts covering Paycom Software (NYSE:PAYC), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Paycom Software has been the topic of 20 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, August 5. Barclays Capital maintained it with “Overweight” rating and $51 target price in Friday, July 15 report. The firm earned “Outperform” rating on Thursday, January 7 by Robert W. Baird. The firm has “Buy” rating by Wunderlich given on Thursday, February 18. Canaccord Genuity maintained Paycom Software Inc (NYSE:PAYC) on Wednesday, August 5 with “Buy” rating. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, June 16. The firm has “Overweight” rating by Barclays Capital given on Wednesday, January 6. UBS initiated the shares of PAYC in a report on Tuesday, April 19 with “Buy” rating. As per Tuesday, September 13, the company rating was maintained by Barclays Capital. The stock has “Neutral” rating given by JP Morgan on Wednesday, November 2.

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.”

More important recent Paycom Software Inc (NYSE:PAYC) news were published by: Fool.com which released: “Paycom Software, Inc Posts Strong Revenue and Profit Growth” on November 02, 2016, also Businesswire.com published article titled: “Paycom Appoints Duques, Watts to Board of Directors”, Streetinsider.com published: “Form 8-K Paycom Software, Inc. For: Nov 10” on November 15, 2016. More interesting news about Paycom Software Inc (NYSE:PAYC) was released by: Businesswire.com and their article: “Paycom Software, Inc. Announces Stock Repurchase Plan” with publication date: May 26, 2016.

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.

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