Why Paycom Stock Jumped 21% on Thursday to Lead S&P 500 Gainers [Yahoo! Finance]
Paycom Software, Inc. (PAYC)
Last paycom software, inc. earnings: 4/28 04:06 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.paycom.com/corporate-profile/default.aspx
Company Research
Source: Yahoo! Finance
Paycom exceeded third-quarter sales and profit estimates as the strong labor market boosted demand for the company's workforce management services. With Thursday's gain, Paycom shares moved back into positive territory for 2024. Paycom Software ( PAYC ) shares skyrocketed 21% on Thursday, posting the top daily performance in the S&P 500, after the payroll and human resources software firm reported better-than-expected sales and profits for the third quarter. Strength in the jobs market, with a cooldown in inflation, is underpinning a steady pace of hiring and has helped boost demand for Paycom's employee management solutions. Paycom reported robust sales growth in the third quarter, with total revenue jumping 11.2% year-over-year. Recurring revenue was up 11.6% for Paycom, accounting for 98.5% of Paycom's total revenue. This is highly desirable for software and service providers like Paycom because it represents a stable stream of expected sales. Paycom stock struggled for
Show less
Read more
Impact Snapshot
Event Time:
PAYC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PAYC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PAYC alerts
High impacting Paycom Software, Inc. news events
Weekly update
A roundup of the hottest topics
PAYC
News
- 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
- Paycom Q3 Results: Investors Loved The Results, But I Am Not Convinced [Seeking Alpha]Seeking Alpha
- 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
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- PAYC's page on the SEC website