Paycom Software (PAYC) has seen notable developments recently. Atria Investments Inc. made a new investment, adding 10,762 shares to its portfolio. Meanwhile, the software company beat its Q2 earnings and revenue estimates, prompting it to lift its full-year guidance. Its Q2 2024 earnings call showed positive results, with an EPS beat that exceeded expectations. Revenue ascended 7.1% this past week and further growth is projected with Q3 2024 earnings forecasted to reach $1.19 per share. However, Price T Rowe Associates Inc. MD and B. Riley Wealth Advisors Inc. decreased their stock positions.
CEO Chad R. Richison made headlines for selling 1,950 shares of stock, and Paycom announced a $0.38 per share quarterly dividend. The stock has also received reaffirmed Hold ratings from Needham & Company LLC and other analysts. Tidal Investments LLC and Swedbank AB are the new investors, enhancing their portfolios with Paycom shares. Despite a pullback in Q2, analysts remain positive about Paycom's long-term potential.
Paycom Software PAYC News Analytics from Mon, 29 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 20:03:05 GMT - Rating 7 - Innovation 3 - Information 8 - Rumor -3
