Hi Guys
I would be comparing PYG to ADP (Automatic Data Processing Inc) listed on NASDAQ than any other company. They perform payroll processing on behalf of companies, a BPO (Business Process Outsource) service.
Its recent acquisition will help grow service offering in Australia.
ELMO is more software platform to enable companies to perform HR & payroll activities (no business process outsource platform), it also integrates benefits, performance management, recruiting, development and training, etc. Not really payroll processing provider.
Issue with PYG is that it is too small for most Institutions - circa $40M, current market cap doesn't quite cut it.
Keep accumulating until it gets noticed. It should get there in a year or two.
Best of Luck
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