Analyst Rating Update on Paycom Software (PAYC)

Paycom Software (PAYC) : The consensus on Paycom Software (PAYC) based on 7 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Paycom Software (PAYC) : Currently there are 6 street experts covering Paycom Software (PAYC) stock. The most bullish and bearish price target for the stock is $51 and $50 respectively for the short term. The average price target of all the analysts comes to $50.17. The estimated standard deviation from the target is $0.41.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains its view on Paycom Software (NYSE:PAYC) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $44 per share to $51 per share on Paycom Software . The rating by the firm was issued on July 15, 2016.


Paycom Software (NYSE:PAYC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.89 and $47.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.99, notching a gain of 7.71% for the day. The total traded volume was 4,019,752 . The stock had closed at $47.34 on the previous day.

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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