Paycom Software Inc (NYSE:PAYC) Could Improve Your Long Portfolio After Less Shorts Reported

August 9, 2018 - By Victoria Pittman

Paycom Software, Inc. (NYSE:PAYC) Logo

The stock of Paycom Software Inc (NYSE:PAYC) registered a decrease of 1.19% in short interest. PAYC’s total short interest was 6.54M shares in August as published by FINRA. Its down 1.19% from 6.62M shares, reported previously. With 685,100 shares average volume, it will take short sellers 10 days to cover their PAYC’s short positions. The short interest to Paycom Software Inc’s float is 13.78%.

The stock increased 0.33% or $0.44 during the last trading session, reaching $134.84. About 457,442 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 57.82% since August 9, 2017 and is uptrending. It has outperformed by 45.25% the S&P500.

Paycom Software, Inc. provides cloud human capital management software solution that is delivered as software-as-a-service for small to mid-sized companies in the United States. The company has market cap of $7.91 billion. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. It has a 88.25 P/E ratio. The companyÂ’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.

Paycom Software, Inc. (NYSE:PAYC) Ratings Coverage

Among 8 analysts covering Paycom Software (NYSE:PAYC), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Paycom Software had 13 analyst reports since February 13, 2018 according to SRatingsIntel. KeyBanc Capital Markets upgraded the shares of PAYC in report on Tuesday, February 13 to “Overweight” rating. The firm has “Equal-Weight” rating given on Wednesday, May 2 by Barclays Capital. As per Wednesday, August 1, the company rating was maintained by Barclays Capital. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, April 12. The company was maintained on Wednesday, August 1 by Bank of America. First Analysis downgraded the shares of PAYC in report on Wednesday, May 2 to “Hold” rating. The firm has “Neutral” rating given on Wednesday, May 2 by Credit Suisse. The stock of Paycom Software, Inc. (NYSE:PAYC) has “Overweight” rating given on Tuesday, March 13 by KeyBanc Capital Markets. The stock has “Buy” rating by Jefferies on Thursday, April 19. Credit Suisse maintained Paycom Software, Inc. (NYSE:PAYC) on Wednesday, August 1 with “Neutral” rating.

More notable recent Paycom Software, Inc. (NYSE:PAYC) news were published by: Benzinga.com which released: “30 Stocks Moving In Wednesday’s Pre-Market Session” on August 01, 2018, also Benzinga.com with their article: “66 Biggest Movers From Yesterday” published on August 02, 2018, Benzinga.com published: “60 Stocks Moving In Wednesday’s Mid-Day Session” on August 01, 2018. More interesting news about Paycom Software, Inc. (NYSE:PAYC) were released by: Businesswire.com and their article: “Paycom Software, Inc. Announces Second Quarter 2018 Earnings Release Date and Conference Call” published on July 17, 2018 as well as Fool.com‘s news article titled: “Paycom Software Processes Another Beat and Raise” with publication date: August 01, 2018.

Paycom Software, Inc. (NYSE:PAYC) Ratings Chart

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