1 Beaten-Down Software Stock to Buy on the Dip [Yahoo! Finance]
Paycom Software, Inc. (PAYC)
Last paycom software, inc. earnings: 4/28 04:06 pm
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US:NYSE Investor Relations:
investors.paycom.com/corporate-profile/default.aspx
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Source: Yahoo! Finance
Shares are down a whopping 74% from that all-time high, and they've shed nearly 30% this year alone. Paycom's business is tied to hiring trends and the state of the labor market, so ebbs and flows aren't uncommon. But one thing that has investors spooked is a big slowdown in growth caused in part by a newer product line. Putting customers first Paycom's Beti, which enables employees to do their own payroll and can greatly reduce the number of errors and issues in the payroll process, is a double-edged sword for the company. While Beti delivers immense value to Paycom's customers, it has also reduced demand for some of Paycom's other services. "Now that more clients are achieving the ROI that Beti has to offer, it has eliminated certain billable items, which is cannibalizing a portion of our services and unscheduled revenues," said Paycom CFO Craig Boelte last year. The impacts of Beti combined and an uncertain economic backdrop led to Paycom's revenue growing by just 11% year
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News
- History Says the Stock Market Will Soar: 2 Magnificent Growth Stocks to Buy Now for the Bull Market [Yahoo! Finance]Yahoo! Finance
- Paycom Software, Inc. (NYSE: PAYC) had its price target lowered by analysts at TD Cowen from $170.00 to $147.00. They now have a "hold" rating on the stock.MarketBeat
- Paycom Software, Inc. (NYSE: PAYC) had its price target lowered by analysts at Citigroup Inc. from $193.00 to $162.00. They now have a "neutral" rating on the stock.MarketBeat
- US executive pay rises at fastest rate in 14 years [Yahoo! Finance]Yahoo! Finance
- Paycom recognized for Best Career Growth and Best Leadership Teams by Comparably [Yahoo! Finance]Yahoo! Finance
PAYC
Earnings
- 5/1/24 - Beat
PAYC
Sec Filings
- 6/21/24 - Form 4
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- PAYC's page on the SEC website