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Investor's Business Daily - Paycom Stock Boost Expected From New Focus On Employee Self-Service

Paycom Stock Boost Expected From New Focus On Employee Self-Service

The evolving strategy of Paycom Software (PAYC) to focus on “employee self-service” for its workforce management software has big potential, a Jefferies analyst said Monday. Paycom stock dipped as other enterprise software stocks also fell despite a price-target hike from Jefferies.

About Paycom

Paycom Software, Inc. (NYSE: PAYC) is a cloud-based human capital management software provider that allows organizations of all sizes across the U.S. and internationally to set numerous HR and payroll tasks to “automatic” through employee-first technology. Built on a truly single database, Paycom’s full-solution automation manages the entire employment life cycle, helping organizations streamline processes and improve data accuracy. With its industry-first AI engine, IWant™, Paycom provides instant access to accurate employee data without requiring users to navigate or learn the software. For over 25 years, Paycom has been repeatedly recognized by third party reviewers as a leading payroll and HCM solution.