Why Paycom Software Stock Rocketed 25.5% Higher in October [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
management provider accelerated revenue growth in the third quarter as it continues to automate workloads for back-office functions. After collapsing earlier this summer, Paycom shares have shot up over 45% in recent months as investors get enthusiastic about the long-term software winner again. Here's why shares of Paycom Software rebounded this month. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » On Oct. 30 -- near the end of the month -- Paycom reported earnings for the third quarter of 2024. Revenue grew 11.2% year over year to $451.9 million, while net income was flat at $73.3 million for the period. This was a revenue growth acceleration from last quarter, when sales growth slowed down to just 9% year over year. Many investors feared a big revenue slowdown for Paycom Software. The company historically grew sales at a healthy double-digit rate, with growth at around 30% just a few years ago. This quarter showed
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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
- 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