The Paycom Software, Inc. (NYSE:PAYC) has been a prominent subject in the financial sector. The company is confronted with both positive and negative forecasts from analysts. Some predict a 'hold' rating while others, such as Citigroup and Barclays, are pessimistic about the stock's future performance. The company has announced its Q4 and full year 2023 earnings release slated for February 12th while also scheduling its 2024 earnings updates. It's noticeable that some investors are turning bearish, highlighted by Riverbridge Partners LLC and International Assets Investment Management LLC who have reportedly reduced their holdings. Despite this, the company has demonstrated robust returns on capital, and it has piqued interest through its 'GONE' feature helping to automate time-off management. This tool won an innovation award and projected an impressive 821% ROI over 3 years. Paycom's stock performance has been strong, with shares climbing by 25%. Yet, there have been some insider sales that could suggest hesitancy. Furthermore, the company welcomed tech finance veteran Joe Binz to its board of directors, showcasing their commitment to technological growth.
Paycom Software PAYC News Analytics from Fri, 19 Apr 2024 07:00:00 GMT to Thu, 23 Jan 2025 21:00:58 GMT - Rating 6 - Innovation 5 - Information 8 - Rumor -3
