Paycom Software Inc Can’t Be More Risky. Option Traders Sell It

 Paycom Software Inc Can't Be More Risky. Option Traders Sell It

In today’s session Paycom Software Inc (PAYC) recorded an unusually high (100) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious PAYC decrease. With 100 contracts traded and 2634 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: PAYC161216P00045000 closed last at: $2.95 or 29.8% down. About 121,907 shares traded hands. Paycom Software Inc (NYSE:PAYC) has risen 22.12% since April 18, 2016 and is uptrending. It has outperformed by 17.69% the S&P500.

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 rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 5. Robert W. Baird initiated Paycom Software Inc (NYSE:PAYC) rating on Thursday, January 7. Robert W. Baird has “Outperform” rating and $48.0 price target. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, August 5. The rating was maintained by Canaccord Genuity on Wednesday, August 5 with “Buy”. The firm has “Overweight” rating given on Wednesday, January 6 by Barclays Capital. The stock has “Buy” rating given by Wunderlich on Thursday, February 18. JP Morgan downgraded Paycom Software Inc (NYSE:PAYC) on Wednesday, November 2 to “Neutral” rating. Barclays Capital maintained Paycom Software Inc (NYSE:PAYC) on Tuesday, September 13 with “Overweight” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, July 15. The company was initiated on Tuesday, April 19 by UBS.

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 $2.63 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 64.38 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 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 Seekingalpha.com published article titled: “Paycom: A Study In Stealth Disruption”, Businesswire.com published: “Paycom Appoints Duques, Watts to Board of Directors” on November 10, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment