Home » About Paycom » Press Room » Barron's - Paycom, Ultimate Taking Business from Paychex, ADP, Says Credit Suisse

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Younger cloud companies Paycom and Ultimate Software are stealing the payroll processing business of ADP and Paychex, the more established “service bureaus,” concludes Credit Suisse software analyst Michael Nemeroff.

Shares of Paycom (PAYC), and Ultimate Software (ULTI) are both lower today despite a thumbs up from Credit Suisse software analyst Michael Nemeroff, who reiterates his Buy ratings on both, after reviewing trends at competitor Paychex (PAYX), and concluding Paychex and ADP (ADP) are both ceding business to Paycom and Ultimate.

Both Paycom and Ultimate compete for running the payroll processing of corporate clients.

 

To learn more, visit: http://www.barrons.com/articles/paycom-ultimate-taking-business-from-paychex-adp-says-credit-suisse-1499106163?mod=yahoobarrons&ru=yahoo&yptr=yahoo


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As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom has the ability to serve businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country.