The Aberdeen Group acquired additional Paycom Software shares, meanwhile, Barlow Wealth Partners reduced their stance. Jefferies keeps its hold recommendation irrespective of Paycom's strong Q2 results and investor optimism driven by AI growth. A national campaign, 'Know It All' featuring James Marsden is powered by IWant AI, an engine from Paycom. Despite the company's recent 10% dip, analysts contemplate whether it's undervalued by 48%. Earnings and conference call for Q3 are slated for early November.
The integration of AI and automation discourages traditional manual HR tasks, as revealed by Paycom’s recent EY study, enhancing operational efficiency. However, the shift brought about layoffs, questioning the bullish narrative for Paycom's stocks. Amid these changes, some insiders sold their shares, potentially signaling caution. On the brighter side, Paycom enthused its investors with a significant return of 46% in the past year and witnessed notable growth commencement. Further, the company showed resilience with AI-empowered business solutions even as its revenue growth outpaced other software companies.
Despite a leadership shuffle, Paycom strengthened its tech division with a new CTO and Chief Automation Officer.
Paycom Software PAYC News Analytics from Wed, 12 Feb 2025 08:00:00 GMT to Sat, 18 Oct 2025 08:13:07 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor 3
