Who is Paycom Software, Inc.?
Paycom Software, Inc. (NYSE:PAYC) provides a cloud-based human capital management (NASDAQ:HCM) software solution delivered as SaaS in the United States. The company offers functionality and data analytics that enable businesses to manage the employment life cycle, from recruitment to retirement. Their HCM solution offers a suite of applications in the areas of talent acquisition, time and labor, and payroll. The company's HCM solution also provides talent management applications and HR management applications. They primarily serve small-to-mid-sized companies. (Source: Yahoo Finance Stock Summary for PAYC)
PAYC held an IPO on 4/15/2014 and sold 6,645,000 shares at $15, which was well below the expected $18-$20 price point. The stock has traded in...
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