Paycom Software, Inc.’s Stock Price Soars to $163.82, Marking a Robust 5.75% Increase

Paycom Software, Inc. (PAYC)

163.82 USD +8.91 (+5.75%) Volume: 1.02M

Paycom Software, Inc.’s stock price sees a positive surge, currently trading at 163.82 USD with a significant intraday gain of +5.75%, attracting a substantial trading volume of 1.02M. Despite this recent uptick, the stock has experienced a -20.75% downturn YTD, reflecting its volatile performance in the market.

Latest developments on Paycom Software, Inc.

Recent movements in Paycom Software, Inc. (NYSE:PAYC) stock price have been influenced by key events such as Oak Thistle LLC acquiring 3,372 shares of the company and North Star Asset Management Inc. also acquiring shares. These acquisitions have generated interest and potentially impacted the stock price of Paycom Software today as investors react to the news. As the company continues to attract attention from various investors, the stock price movements reflect the market’s response to these developments.

Paycom Software, Inc. on Smartkarma

Analysts at Baptista Research have been closely following Paycom Software‘s performance and future outlook. In their report titled “Paycom Software: These Are The 7 Biggest Factors Impacting Its Performance In 2024 & 2025! – Financial Forecasts,” they highlighted the company’s recent earnings for the second quarter of 2024. Despite facing challenges, Paycom Software demonstrated areas of strength, such as a 9% increase in second quarter revenue year-over-year, reaching $438 million. The company’s focus on enhancing product offerings and expanding its customer base has been noted as positive factors influencing its trajectory.

In another report by Baptista Research titled “Paycom Software: International Expansion and Globalisation Effort Paying Off? – Major Drivers,” analysts discussed the company’s international expansion efforts and financial results. Paycom Software Inc. reported a Q1 revenue of $500 million, representing an 11% rise from the previous year. Recurring revenue accounted for 98% of the total revenue, with GAAP net income reported to be around $247 million. The analysts pointed out that the company’s focus on global growth seems to be paying off, driving positive results for Paycom Software.

A look at Paycom Software, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Paycom Software Inc, a provider of cloud-based HCM software solutions, has been given a positive long-term outlook based on Smartkarma Smart Scores. With above-average scores in Growth and Momentum, the company is positioned well for future expansion and market performance. While Value and Dividend scores are average, Paycom Software‘s resilience score indicates a stable foundation despite potential market fluctuations.

Overall, Paycom Software Inc’s Smartkarma Smart Scores suggest a promising future for the company. With a strong focus on growth and momentum, coupled with its resilience in the market, Paycom Software is likely to continue providing valuable cloud-based HCM solutions for businesses looking to streamline their employment life cycle processes. As the company continues to innovate and adapt to market demands, its outlook remains optimistic for long-term success.

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