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Paycom Software (NYSE:PAYC) target price raised to $54.00, issued a report today by RBC Capital

Boasting a price of $49.99, Paycom Software (NYSE:PAYC) traded -0.95% lower on the day. With the last stock price close up 16.34% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Paycom Software has recorded a 50-day average of $50.11 and a two hundred day average of $42.97. Volume of trade was down over the average, with 317,554 shares of PAYC changing hands under the typical 657,827

RBC Capital bumped up the target of Paycom Software (NYSE:PAYC) to $54.00 stating a potential upside of 0.08%.

On 8/03/2016, Wunderlich released a statement for Paycom Software (NYSE:PAYC) bumped up the target price from $50.00 to $57.00 that suggested an upside of 0.20%.

Performance Chart

Paycom Software (NYSE:PAYC)

With a total market value of $0, Paycom Software has price-earnings ratio of 78.23 with a one year low of $22.42 and a one year high of $52.93 .

A total of 11 equity analysts have released a ratings update on PAYC. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $48.00.

Brief Synopsis About Paycom Software (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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