Paycom Software (PAYC) stock has been experiencing noticeable growth with a lift of more than
20%. The company's shares went up
0.16% on March 19. The Q4 Earnings and Revenue for Paycom surpassed estimates, contributing to the stock's rise. KeyBanc's upgrade to Overweight based on the potential for faster revenue growth pushed PAYC stock to rise further. Meanwhile, under three years,
earnings growth of 11% failed to translate to positive returns for PAYC shareholders, causing a
36% loss for those who invested in the stock. More recently, Paycom reported
strong revenue growth in their Q4 2024 Earnings Call and also demonstrated resilience in SaaS growth amid labor market fluctuations.
The company's EPS surged in Q4, which was further bolstered by a better-than-expected sales performance. However, insiders, including CEO Chad Richison, have been selling shares. PAYC's earnings are expected to be released tomorrow.
Paycom Software PAYC News Analytics from Wed, 01 May 2024 07:00:00 GMT to Wed, 19 Mar 2025 16:21:03 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -6
