PAYC Stock Recent News

OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the third quarter ended Sept. 30, 2024, after the market closes on Oct. 30. Paycom will also hold a conference call to discuss results at 5 p.m. (Eastern) that day.           Dial-in #: +1 (833) 470-1428 Intl. Dial-In #: +1 (404) 975-4839 Access Code: 167182 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (.

Paycom's revenue growth slowed, partly due to Beti's impact on cross-selling and partly due to the economic slowdown. The company faces stiff competition and threats from AI, possibly impacting its growth prospects. Despite the stock dropping around 70% from its highs, it may still be overvalued if revenue growth fails to rebound.

Paycom Software's share price has dropped 70% since 2021, but current pricing makes it a buy for non-conservative investors. PAYC offers cloud-based HRM and payroll software on a SaaS model, competing with ADP, Paychex, and Workday. Despite short-term challenges like the Beti app launch and international expansion, Paycom is expected to achieve 10% annual revenue growth.

OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE: PAYC) (“Paycom”), a leading provider of comprehensive, cloud-based human capital management software, was recognized for its workplace culture from employee review and salary platform Comparably. Paycom ranked at No. 5 among large companies with the happiest employees in the U.S. and Canada and No. 5 for Best Company Perks & Benefits. Comparably also listed Paycom under Best Work-Life Balance. “It's an honor to receive these recog.

Paycom's sales growth has been decelerating over the last few years. However, it could be poised to rebound soon, and the company's products remain beloved by customers.

The Nasdaq 100 closed sharply lower during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.

WINCHESTER, Va.--(BUSINESS WIRE)--Advantage Capital announced the financial closing of The ZeroPak, a family-focused affordable housing development in Winchester, VA.

Though current valuation and technical indicators make Paycom (PAYC) an attractive proposition for investors, slowing sales growth and rising competition are significant concerns.

I reiterate my buy rating for PAYC remains, as the new sales strategy is delivering positive results. The near-term question is whether PAYC can accelerate growth in 2H24. The capital return story has gotten better with the enhanced share repurchase program.

Paycom's (PAYC) second-quarter revenues benefit from increased sales momentum, international expansion and integration of AI in its products.