Paycom (PAYC)

• Market cap: $13.4B
• 1 day: -0.14%
• 5 days: -0.92%
• 1 month: 9.75%
• 3 months: 43.89%
• 6 months: 59.89%
• Year to date: 13.43%
• 1 year: 24.64%
• 5 years: -14.18%
• 10 years: 762.11%
• 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]

23% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 86

17% more repeat investments, than reductions

Existing positions increased: 250 | Existing positions reduced: 213

16% more capital invested

Capital invested by funds: $6.79B [Q2] → $7.88B (+$1.09B) [Q3]

3% more funds holding

Funds holding: 629 [Q2] → 649 (+20) [Q3]

1.16% more ownership

Funds ownership: 81.83% [Q2] → 82.99% (+1.16%) [Q3]

35% less call options, than puts

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

Research analyst outlook

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

• Low target: $170 27% downside
• Avg. target: $184 21% downside
• High target: $197 15% downside

9 analyst ratings

• positive: 0 0%
• neutral: 9 100%
• negative: 0 0%

Mizuho Siti Panigrahi 75% 1-year accuracy 12 / 16 met price target	18% downside $190	Neutral Maintained	4 Nov 2024
Citigroup Steven Enders 100% 1-year accuracy 9 / 9 met price target	16% downside $196	Neutral Maintained	31 Oct 2024
Barclays Raimo Lenschow 58% 1-year accuracy 38 / 65 met price target	22% downside $181	Equal-Weight Maintained	31 Oct 2024
Jefferies Samad Samana 100% 1-year accuracy 8 / 8 met price target	25% downside $175	Hold Maintained	31 Oct 2024
BMO Capital Daniel Jester 78% 1-year accuracy 18 / 23 met price target	15% downside $197	Market Perform Maintained	31 Oct 2024