A long term Cloud Play
PAYCOM Software (PAYC)
PAYCOM Software (PAYC) – A buy for traders & investors is a US cloud software company providing Human Capital Management software as a service , which helps business to manage all the employment life cycle from recruitment to retirement. With a stock price now at 192.81 , having been beaten lately following the overall market dismal performance , the company has raised a flag in our US stocks quantamental model.
With good fundamentals, an impressive revenue growth in a very hot sector & a market cap of 13.04B USD & some momentum features in place , the stock is a serious potential out performer relative to the overall market.
Based on our model PAYC has a probability of > 75% to outperform the overall market in the next 3-6 months with a target of >250 USD , assuming a neutral to positive market. With a floor price near the 150 – 190 USD level , if the market bounces back or at least stabilizes at these levels , PAYC is one of the best choices for investors & traders alike.