Long Position on PAYC @ $34.80 on 9/30/2015 (Momentum)

We featured this stock at $40. We even like it better at $34!

Paycom Software, Inc. (PAYC) offers cloud-based human capital management (HCM) software solutions delivered as Software–as-a-Service in the United States.

It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its HCM solution offers a suite of applications in the areas of talent acquisition including applicant tracking, candidate tracker, background checks, on-boarding, E-Verify, and tax credit service applications; time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, and labor management reports/push reporting, payroll and tax management, Paycom Pay, expense management, and garnishment management applications.

The company’s HCM solution also provides talent management applications comprising employee self-service, compensation budgeting, performance management, executive dashboard, and Paycom learning applications; and HR management applications, consisting of document and task management, government and compliance, benefits administration/benefits to carrier, COBRA administration, personnel action forms, surveys, and affordable care act dashboard applications. It primarily serves small to mid-sized companies. 

Shares are heading higher in an upward trading channel. The said channel is supported by the stock's 200-day moving average, shown in green.

52-Weeks Trading Range: $14.32 - $41.58

Entry Point: $34.85

Stop Loss: $33.30

Target Price: $38.65

Updates

10/8/2015 9:39:18 AM

PAYC closed at $39.00

Position closed on 10/8/2015 at price of $39.00 with a 12.07% gain in 8 days.

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