Brokerage Firm Rating Update on Paycom Software (PAYC)

Paycom Software (PAYC) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Paycom Software (PAYC) : 7 Wall Street analysts covering Paycom Software (PAYC) believe that the average level the stock could reach for the short term is $55.43. The maximum price target given is $58 and the minimum target for short term is around $51, hence the standard deviation is calculated at $2.51.


For the current week, the company shares have a recommendation consensus of Buy. Also, UBS 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 Buy by the stock experts at the ratings house. UBS raises the price target from $55 per share to $58 per share on Paycom Software . The rating by the firm was issued on August 3, 2016.

Paycom Software (NYSE:PAYC): The stock opened at $51.87 and touched an intraday high of $52.43 on Wednesday. During the day, the stock corrected to an intraday low of $51.75, however, the bulls stepped in and pushed the price higher to close in the green at $52.42 with a gain of 0.81% for the day. The total traded volume for the day was 526,932. The stock had closed at $52 in the previous trading session.

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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