Marshall Wace LLP, and
Dimensional Fund Advisors LP have bought new shares in
Paycom Software, Inc. (PAYC). Despite a downgrade by
Stifel,
Copperwynd Financial LLC also made a noteworthy investment. Insiders, including the CEO
Chad R. Richison, have sold a significant number of PAYC shares. However, PAYC has shown consistent
growth prospects and
strong fundamentals are evident in their Q2 2024 earnings call. Recognition from
TIME as one of the world’s best companies and being nationally acknowledged for a positive workplace culture and outstanding benefits, further foregrounds PAYC’s potential. In spite of some stock dips and shareholders’ concerns over the P/E ratio, the company has extended its
stock repurchase plan and its innovative product,
GONE, named the Top HR product of 2024, is poised to accelerate growth. Promising
Q1 2024 earnings have reportedly outperformed analyst estimates, yet concerns about Q2 have impacted stock performance. The continued sale of company stock by high-ranking insiders like the CEO, CIO and other executives warrants investor scrutiny.
Paycom Software PAYC News Analytics from Wed, 07 Feb 2024 08:00:00 GMT to Sat, 05 Oct 2024 09:08:43 GMT -
Rating 3
- Innovation 4
- Information 7
- Rumor -3
