Paycom Software (PAYC) Receives Analyst Rating

Paycom Software (PAYC) : Zacks Investment Research ranks Paycom Software (PAYC) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 7 research analysts is 1, which indicates as a Strong Buy.

Paycom Software (PAYC) stock is expected to deviate a maximum of $1.63 from the average target price of $56 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $54.


Also, Equity Analysts at the UBS maintains the rating on Paycom Software (NYSE:PAYC). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $55 per share to $58 per share. The rating by the firm was issued on August 3, 2016.

Paycom Software (NYSE:PAYC): After opening at $48.08, the stock dipped to an intraday low of $47.78 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $49.184 and the buying power remained strong till the end. The stock closed at $48.84 for the day, a gain of 1.60% for the day session. The total traded volume was 653,917. The stocks close on the previous trading day was $48.07.

Paycom Software, Inc. is a provider of cloud-based HCM software solution delivered as SaaS. The Companys 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.

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