Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Buying The Paycom Software IPO Selling Ahead Of Earnings Should Pay Immediate Dividends

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details