Paycom (PAYC)

• Market cap: $11.9B
• 1 day: 0.12%
• 5 days: -11.56%
• 1 month: -5.71%
• 3 months: 21.73%
• 6 months: 42.25%
• Year to date: 1.29%
• 1 year: 1.57%
• 5 years: -21.37%
• 10 years: 628.91%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

Employees: 7,308

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

300% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 4 (+3) [Q3]

28% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 83

16% more capital invested

Capital invested by funds: $6.79B [Q2] → $7.89B (+$1.1B) [Q3]

16% more repeat investments, than reductions

Existing positions increased: 250 | Existing positions reduced: 216

4% more funds holding

Funds holding: 629 [Q2] → 652 (+23) [Q3]

1.26% more ownership

Funds ownership: 81.83% [Q2] → 83.09% (+1.26%) [Q3]

35% less call options, than puts

Call options by funds: $160M | Put options by funds: $248M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $175 16% downside
• Avg. target: $200 4% downside
• High target: $248 20% upside

7 analyst ratings

• positive: 0 0%
• neutral: 7 100%
• negative: 0 0%

Mizuho Siti Panigrahi 62% 1-year accuracy 13 / 21 met price target	1% upside $210	Neutral Maintained	13 Dec 2024
TD Cowen Jared Levine 50% 1-year accuracy 4 / 8 met price target	20% upside $248	Hold Maintained	9 Dec 2024
Citigroup Steven Enders 87% 1-year accuracy 20 / 23 met price target	5% downside $196	Neutral Maintained	31 Oct 2024
Barclays Raimo Lenschow 59% 1-year accuracy 52 / 88 met price target	13% downside $181	Equal-Weight Maintained	31 Oct 2024
Jefferies Samad Samana 79% 1-year accuracy 11 / 14 met price target	16% downside $175	Hold Maintained	31 Oct 2024