PAYC Stock Recent News
PAYC LATEST HEADLINES
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.
Paycom Software, Inc. (NYSE:PAYC ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants James Samford - Head of IR Chad Richison - President & CEO Craig Boelte - CFO Conference Call Participants Raimo Lenschow - Barclays Samad Samana - Jefferies Mark Marcon - Baird Joshua Reilly - Needham Steven Enders - Citi Kevin McVeigh - UBS Phillip Leytes - Mizuho Zane Meehan - KeyBanc Ryan Krieger - Wolfe Research Bhavin Shah - Deutsche Bank Daniel Jester - BMO Jared Levine - TD Cowen Zachary Gunn - FT Partners Operator Good afternoon. Thank you for attending the Paycom Software Second Quarter 2024 Quarterly Results Conference Call.
Paycom Software (PAYC) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.62 per share a year ago.