Long Position on PAYC @ $32.60 on 2/19/2015 (Momentum)

Paycom Software, Inc. (PAYC) provides a cloud-based human capital management (HCM) software solution delivered as software-as-a-service in the United States.

The company offers functionality and data analytics that enable businesses to manage the employment life cycle from recruitment to retirement.

Its HCM solution offers a suite of applications in the areas of talent acquisition, which includes applicant tracking, employment background checks, on-boarding/off-boarding, E-Verify, and tax credit services applications; time and labor management that comprises time and attendance, scheduling, time-off requests, labor allocation, and labor management report applications; and payroll, which consists of payroll and tax management, Paycom Pay, expense management, and garnishment management applications.

The company’s HCM solution also provides talent management applications, such as employee self-service, compensation budgeting, performance management, and executive dashboard applications; and HR management applications, including document management, government and compliance, benefits administration, COBRA administration, and personnel action forms applications. It primarily serves small to mid-sized companies.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $12.28 - $34.70

Entry Point: $32.60

Stop Loss: $30.97

Target Price: $35.86

Updates

3/9/2015 10:41:40 AM

PAYC fell below our stop loss. Closed at $29.76

Position closed on 3/9/2015 at price of $29.76 with a -8.71% loss in 18 days.

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