PaycomPAYC
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 Q2 SEC filings by fund managers ($100M+ AUM)
1.63% more ownership
Funds ownership: 78.74% [Q1] → 80.38% (+1.63%) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 237 | Existing positions reduced: 219
2% less funds holding
Funds holding: 645 [Q1] → 629 (-16) [Q2]
13% less first-time investments, than exits
New positions opened: 107 | Existing positions closed: 123
26% less capital invested
Capital invested by funds: $9.01B [Q1] → $6.67B (-$2.34B) [Q2]
48% less call options, than puts
Call options by funds: $127M | Put options by funds: $243M
67% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Jefferies Samad Samana 33% 1-year accuracy 2 / 6 met price target | 2%upside $170 | Hold Maintained | 22 Oct 2024 |
Barclays Raimo Lenschow 54% 1-year accuracy 40 / 74 met price target | 3%upside $172 | Equal-Weight Maintained | 11 Oct 2024 |
TD Cowen Jared Levine 40% 1-year accuracy 2 / 5 met price target | 13%upside $188 | Hold Maintained | 23 Sept 2024 |
TD Cowen Jared Levine 40% 1-year accuracy 2 / 5 met price target | 3%upside $171 | Hold Maintained | 1 Aug 2024 |
Barclays Raimo Lenschow 54% 1-year accuracy 40 / 74 met price target | 0%upside $167 | Equal-Weight Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 4 articles about PAYC published over the past 30 days
