Paycom Software, Inc. (PAYC) continues to generate varied sentiments in the market. Investors continually analyze and question the ideal time to buy, hold or sell its shares. Despite robust revenue growth and strong Q4 and Q1 earnings reports exceeding estimates, the company's stock experienced substantial losses over the last three years, including a recent dramatic 39% drop. Enhanced investor engagement is seen with heavy searches and widespread investment from different entities such as Retirement Systems of Alabama, Norden Group LLC, Allspring Global Investments Holdings LLC, and SteelPeak Wealth LLC. Insider selling added to the market circuit with CEO, Chad R. Richison and Chief Administrative Officer, Jason Clark parting with a considerable part of their holdings. The company's forward guidance has impacted its stock considerably with a less than satisfactory Q2 outlook causing a significant sell-off. As a response, analysts have been adjusting their models and the price targets for PAYC have been moderated. Shareholders are now presented with an opportunity to lead in a securities fraud lawsuit against Paycom.
Paycom Software PAYC News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Sun, 07 Jul 2024 13:35:39 GMT -
Rating -2
- Innovation 5
- Information 7
- Rumor -4
