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Paycom Software Inc (NYSE:PAYC) stock price target increased to $55.00, issued a report today by Oppenheimer Holdings Inc.

Yesterday Paycom Software Inc (NYSE:PAYC) traded -5.04% lower at $42.61. The company’s 50-day moving average is $46.11 and its 200-day moving average is $46.39. The last closing price is down -8.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 1,553,244 shares of the stock traded hands, up from an average trading volume of 931,344

In a report released on Thursday December 01, 2016 Oppenheimer Holdings Inc. increased the stock price target of Paycom Software Inc (NYSE:PAYC) to $55.00 indicating a possible upside of 0.29%.

Previously on Wednesday February 10, 2016, Stifel Nicolaus reported on Paycom Software Inc (NYSE:PAYC) reduced the target price from $49.00 to $35.00. At the time, this indicated a possible upside of 0.56%.

See Chart Below

Paycom Software Inc (NYSE:PAYC)

Paycom Software Inc has a 52 week low of $22.42 and a 52 week high of $52.93 with a P/E ratio of 62.85 The company’s market cap is currently $0.

In addition to Oppenheimer Holdings Inc. reporting its stock price target, a total of 11 analysts have released a report on Paycom Software Inc. The 12-month price target is $48.00 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

General Company Details For Paycom Software Inc (NYSE:PAYC)

Paycom Software, Inc. (Paycom) is a provider of cloud-based human capital management (HCM) software solution delivered as software as a service (SaaS). The Company's solution is based on a system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications. Talent acquisition includes applicant tracking, on-boarding, e-verify and tax credit services. Time and labor management includes time and attendance, scheduling/schedule exchange, time-off requests, labor allocation and labor management reports/push reporting. Payroll includes payroll and tax management, Paycom pay, expense management, garnishment management and GL Concierge. Talent management includes employee self-service, executive dashboard and Paycom learning. Human resources management includes document and task management, government and compliance, and benefits administration.

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