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
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US:NYSE Investor Relations:
investors.paycom.com/corporate-profile/default.aspx
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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
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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
- 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
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