Recent news points to various significant developments in Paycom Software (PAYC). Notably, an insider at the company reportedly sold shares. Meanwhile, a class action lawsuit involving the company is underway, necessitating investors' vigilance. Paycom's Q3 and Q4 2024 earnings exceed expectations, and they exceeded expectations with strong revenue growth. However, shareholders experienced a 36% loss from investing in the stock three years ago. Paycom's CFO, Bob Foster, received a promotion, indicating internal confidence in management.
Moreover, PAYC's shares rose appreciably yet, analysts caution that the business is still behind in catching up. Interestingly, the company posted better-than-expected sales for Q4, but its full-year sales guidance slightly missed expectations. Furthermore, Paycom recently announced a cash dividend. Nevertheless, overall analysts' ratings suggest a mix of bullish and bearish sentiments about the stock at the moment. On a positive note, Paycom won an Innovation Award for its GONE time-off tool, and it anticipates significant ROI over the next three years.
Paycom Software PAYC News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Sat, 01 Mar 2025 03:28:16 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor 3
