Stifel Nicolaus Maintains Paycom Software Inc to Buy with Price Target $50.00

Brokerage firm Stifel Nicolaus Maintains its rating on Paycom Software Inc(NYSE:PAYC). In a research note issued to the investors, the brokerage major Raises the price-target to $50.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jun 16, 2016.

In a different note, UBS said it Initiates Coverage on Paycom Software Inc, according to a research note issued on Apr 19, 2016. The shares have been rated ‘Buy’ by the firm.

Paycom Software Inc (PAYC) made into the market gainers list on Tuesdays trading session with the shares advancing 0.40% or 0.17 points. Due to strong positive momentum, the stock ended at $42.6, which is also near the day’s high of $42.95. The stock began the session at $42.58 and the volume stood at 4,88,058 shares. The 52-week high of the shares is $46.35 and the 52 week low is $22.42. The company has a current market capitalization of $2,553 M and it has 5,99,26,434 shares in outstanding.

Paycom Software Inc(PAYC) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $90.13M. Analysts had an estimated revenue of $83.43M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, William X. Iii Kerber (Chief Information Officer) sold 65,000 shares at $40.04 per share price.Also, On Nov 25, 2015, Stacey M Pezold (COO) purchased 750 shares at $34.29 per share price.On Nov 20, 2015, Jeffrey D. York (Chief Sales Officer) sold 120,000 shares at $41.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Paycom Software Inc. is a provider of cloud-based HCM software solution delivered as SaaS. The Company’s solution requires no customization and is -based on a core system of record maintained in a single database for all HCM functions. 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 and garnishment management. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *