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Paycom Software, Inc. (PAYC) provides cloud-based human capital management (HCM) software solution that is delivered as software-as-a-service for small to mid-sized companies in the United States.
It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's 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; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking applications.
Its HCM solution also provides payroll applications comprising payroll and tax management, Paycom Pay, expense management, garnishment management, and GL Concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, executive dashboard, and Paycom learning applications.
In addition, the company's HCM solution offers HR management applications, which comprise document and task management, government and compliance, benefits administration/benefits to carrier, COBRA administration, personnel action forms, surveys, and affordable care act applications.
Shares are heading higher in an upward trading channel. The lower boundary of the said channel coincides with the stock's 50-day moving average. Higher share prices are expected for this stock. The company reported its quarterly results yesterday. Earnings, adjusted for one-time gains and costs, were 29 cents per share, well above the 11 cents expected. For the year, the company reported profit of $66.8 million, or $1.13 per share. Revenue was reported as $433 million. For the current quarter ending in April, Paycom said it expects revenue in the range of $150 million to $152 million.
52-Weeks Trading Range: $44.25 - $93.61
Entry Point: $86.50
Stop Loss: $82.10
Target Price: $95.15
PAYC closed at $95.27
