Paycom Q3 Results: Investors Loved The Results, But I Am Not Convinced [Seeking Alpha]
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: Seeking Alpha
9min Summary Paycom Software, Inc.'s Q3 earnings report showed decent numbers, but the market's 22% positive reaction was overly optimistic, given modest growth and margin declines. The company reported $451.9M in revenue (+11.2% y/y) and beat analysts' estimates, but efficiency and profitability metrics slightly declined. Paycom's automation features like Beti and GONE are valuable, but broader awareness and aggressive sales efforts are needed to boost revenue growth. Despite strong financials and promising automation, I maintain a hold rating due to the current high valuation and need for improved revenue growth and margins. designer491/iStock via Getty Images Introduction Paycom Software, Inc. NYSE: PAYC recently reported its Q3 earnings that were met very well by the investing community. I wanted to go over some of its numbers and give some comments on the company's outlook and what needs to happen to change my mind about it. The numbers were decent; however, I
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News
- Paycom Stock Rises 22% in 6 Months: What Should Investors Do? [Yahoo! Finance]Yahoo! Finance
- Does Paycom Software (PAYC) Have a Long Runway For Growth? [Yahoo! Finance]Yahoo! Finance
- Is Paycom Software Stock a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Why Paycom Software Stock Rocketed 25.5% Higher in October [Yahoo! Finance]Yahoo! Finance
- Paycom Software, Inc. (NYSE: PAYC) had its price target raised by analysts at Mizuho from $170.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
PAYC
Earnings
- 10/30/24 - Beat
PAYC
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form SC
- 11/13/24 - Form 4
- PAYC's page on the SEC website