RBC Capital Initiates Coverage on Paycom Software Inc to Sector Perform

RBC Capital Initiates Coverage on Paycom Software Inc(NYSE:PAYC). The shares have been rated Sector Perform. The rating by RBC Capital was issued on Sep 30, 2016.

In a different note, On Sep 13, 2016, Barclays said it Maintains its rating on Paycom Software Inc. In the research note, the firm Raises the price-target to $51.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 3, 2016, UBS said it Maintains its rating on Paycom Software Inc. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 3, 2016, Stifel Nicolaus said it Maintains its rating on Paycom Software Inc. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Barclays said it Maintains its rating on Paycom Software Inc. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Overweight’ by the firm.

Paycom Software Inc (PAYC) shares turned negative on Tuesdays trading session with the shares closing down -0.57 points or -1.14% at a volume of 2,76,060. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.2. The peak price level was also seen at $50.2 while the days lowest was $49.01. Finally the shares closed at $49.34. The 52-week high of the shares is $52.93 while the 52-week low is $22.42. According to the latest information available, the market cap of the company is $2,952 M.

Paycom Software Inc(PAYC) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $73.88M. Analysts had an estimated revenue of $70.34M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, William X. Iii Kerber (Chief Information Officer) sold 55,000 shares at $52.14 per share price.Also, On Sep 1, 2016, Craig E. Boelte (Chief Financial Officer) sold 40,000 shares at $51.29 per share price.On Aug 18, 2016, Stacey M Pezold (Chief Operating Officer) sold 40,000 shares at $50.01 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.

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