Paycom reached a 52 week low at 142.6$.
The same price it was trading in 2018, not even during the covid-pandemic it was trading this cheap.
However, since 2018 the revenue tripled, the proftis more than doubled, the free cash flow almost tripled and their market share increased facing giants like $ADP (+0.27%) and $PAYX (+0.12%) .
In a few weeks is gonna be my birthday, thank you Mr. Market for this anticipated gift.
On friday $PAYC (+0.78%) dropped because management was selling shares.
In addition there are concerns about growth and the possibilities of decreasing margin due to the introduction of their "new" software.
Amid all the fears surrounding this stock right now I decided to increase my $PAYC (+0.78%) position.
Why?
I am going to wait for the quarterly report and to see the numbers before making another purchase.
What's your opinion on this stock?
$PAYC (+0.78%) ...it's been a bit of a tale of woe with Paycom since Halloween 2023.
The last results were quite good, but the outlook was not quite what analysts were expecting.
Paycom estimates revenue of $434.00M-$438.00M in the second quarter of 2024. Experts had expected an average of $442.10M.
For the financial year 2024 to $ 1.86B-$ 1.89B. Experts had expected an average of $ 1.87B.
I have used the weakness of the last few days to increase the position slightly. I am convinced that it will recover in the medium term 🥹
My biggest additional purchase this month. I doubled my position with 2 tranches. The quarterly figures are due on Wednesday. If Paycom exceeds expectations again, I see a recovery to €220 as realistic.
Other additional purchases this month also include $PDX (+0.96%)
$UNH (-1.21%)
$DE (+1.49%)
$LIN (+0.07%) and $6367 (+1.43%)
In total, reserves amounting to around 2-3 net monthly salaries have been spent, including savings plans. In May, I will continue to move aggressively into the market and further reduce my considerable cash position before slowing down my investment pace towards the summer.
Nevertheless, always remember: time in the market beats market timing ⏱️ I may be buying too high now, but I also intend to stay in for a LONG time. In many positions even forever.
Hi All, After many months of playing around with options and bying into positions this is where I think I am going to land with my buy to hold portfolio with ideally a 10 year horizon. Any thoughts or observations welcome. Thank you.
Cash - 6%
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$XXSC (+1.4%) MSCI Euro Small Cap ETF - 5%
$CRWD (+3.09%) - 5%
$MSFT (+1.09%) - 4%
$SHOP (+3.75%) - 5%
$SMH (+3.77%) Semi Conductor ETF - 5%
$AAPL (+2.87%) Apple - 3%
$PAYC (+0.78%) Paycom - 2%
$PATH (+0.36%) UiPath - 2%
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$GOOGL (+0.99%) Alphabet - 3%
$META (+3.24%) Meta - 3%
$ADYEN (+4.56%) Adyen - 4%
$STNE (+0.09%) StoneC0 - 3%
$ISP (+0.13%) Intesa Sanpaolo - 3%
$ALPH Alpha Group International - 2%
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$DHL (-1.71%) DHL - 2%
$UKW (+0.3%) Green Coat UKW - 2%
$ENPH (-2.38%) Enphase - 2%
The price target is $186.15 and the stock is covered by 18 analysts.
Buy
2
Hold
16
Sell
0
Paycom Software, Inc. is a provider of a comprehensive, cloud-based human capital management (HCM) solution delivered as software-as-a-service (SaaS). The Company provides functionality and data analytics. Its solution requires virtually no customization and is based on a core system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications. Its applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits such as COBRA. The Company sells its solution directly through its sales force based in offices across the United States.
