Paycom Software (NYSE:PAYC) : Traders are bullish on Paycom Software (NYSE:PAYC) as it has outperformed the S&P 500 by a wide margin of 8.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.36% in the last 1 week, and is up 10.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 31.60% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $46.35 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.77 and the 200 Day Moving Average price is recorded at $35.74.
The stock has recorded a 20-day Moving Average of 8% and the 50-Day Moving Average is 11.54%.
Paycom Software (NYSE:PAYC): stock turned positive on Friday. Though the stock opened at $45.1, the bulls momentum made the stock top out at $45.93 level for the day. The stock recorded a low of $44.9 and closed the trading day at $45.48, in the green by 1.40%. The total traded volume for the day was 760,931. The stock had closed at $44.85 in the previous days trading.
In an insider trading activity,The officer (Chief Information Officer) of Paycom Software, Inc., Kerber William X. Iii sold 65,000 shares at $40.04 on May 19, 2016. The Insider selling transaction had a total value worth of $2,602,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.