Paycom Software Inc (PAYC) is Reiterated by Wunderlich to Buy, Raises Price Target to $ 50

Paycom Software Inc (PAYC) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $34 . Wunderlich advised their investors in a research report released on May 4, 2016.

Many Wall Street Analysts have commented on Paycom Software Inc. Company shares were Reiterated by Stifel on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $35 .Wunderlich Initiated Paycom Software Inc on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $34.Shares were Reiterated by Stifel on Feb 10, 2016 to “Buy” and Lowered the Price Target to $ 35 from a previous price target of $49 .

On the company’s financial health, Paycom Software Inc reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $90.10 million for the quarter, compared to analysts expectations of $83.47 million. The company’s revenue was up 63.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Paycom Software Inc opened for trading at $38.6 and hit $38.99 on the upside on Monday, eventually ending the session at $38.95, with a gain of 1.94% or 0.74 points. The heightened volatility saw the trading volume jump to 7,05,004 shares. Company has a market cap of $2,302 M.

In a different news, on Nov 25, 2015, Stacey M Pezold (COO) purchased 750 shares at $34.29 per share price. According to the SEC, on Nov 20, 2015, Jeffrey D. York (Chief Sales Officer) sold 120,000 shares at $41.75 per share price. On Nov 20, 2015, Craig E. Boelte (Chief Financial Officer) sold 40,000 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.

Paycom Software Inc

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