Paycom Software (PAYC) has witnessed several recent changes in stock holdings and board appointments.
Stifel Financial Corp,
Pine Valley Investments Ltd Liability Co,
National Bank of Canada FI and several others have increased their stakes in PAYC, indicating a positive sentiment towards the company. However, institutions such as
Centiva Capital LP,
State Street Corp, and
iA Global Asset Management Inc. have reduced their stock holdings. PAYC also enhanced its board with the addition of
Joe Binz, the CFO of Atlassian. Several insiders sold a substantial volume of shares, signaling hesitancy. PAYC has reported strong
Q3 2024 earnings beating estimates and hence the price target has been raised to $210.00. The company continues to demonstrate
resilient SaaS growth amid labor market fluctuations and showcases a strong recurring revenue strength. Paycom's product,
GONE, has been recognized as the Top HR Product of 2024. Amidst all these developments, some analysts conclude a 'Hold' rating for PAYC.
Paycom Software PAYC News Analytics from Wed, 10 Jul 2024 07:00:00 GMT to Sat, 14 Dec 2024 09:16:22 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -3
