Lafayette Investments Inc. has invested in Paycom Software, Inc. (PAYC). Paycom has experienced a 2.3% decrease since its last earnings report, and analysts are speculating on its ability to rebound. Paycom’s GONE was named the top HR product of 2024. However, some Wall Street analysts and investors find Paycom's revenue figures somewhat unimpressive. The company's fundamentals appear strong despite the recent slide in its stock, which may indicate a market misjudgment. The short interest in Paycom's stock decreased by 21.1%. Q2 results took a hit due to multiple factors. Barlow Wealth Partners Inc. bought more Paycom shares and its stock was dubbed the 'bull of the day.' Despite this, CEO Chad R. Richison sold 1,950 shares of stock. The company is expected to beat earnings estimates which could boost its stock. Finally, Paycom is expected to see growth acceleration in H2 2024. Yet, Q2 guidance has been soft, causing a drop in the stock's price.
Paycom Software PAYC News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 01 Sep 2024 11:30:16 GMT -
Rating -1
- Innovation 0
- Information 6
- Rumor -5
