Paycom Software downgraded by Citigroup with a new price target
$PAYC
Computer Software: Prepackaged Software
Technology
Citigroup downgraded Paycom Software from Buy to Neutral and set a new price target of $189.00 from $360.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2024 | Neutral | BTIG Research | |
| 1/5/2024 | $195.00 | Buy → Hold | Jefferies |
| 11/7/2023 | $235.00 | Buy | UBS |
| 11/2/2023 | $330.00 → $185.00 | Buy → Neutral | BofA Securities |
| 11/1/2023 | Buy → Hold | Needham | |
| 11/1/2023 | Outperform → Perform | Oppenheimer | |
| 11/1/2023 | Outperform → Mkt Perform | William Blair | |
| 11/1/2023 | $360.00 → $189.00 | Buy → Neutral | Citigroup |
Third Quarter Revenues of $452 million, up 11% from the comparable prior year period Third Quarter GAAP Net Income of $73 million, representing 16% of total revenues, or $1.31 per diluted share Third Quarter Non-GAAP Net Income of $93 million, or $1.67 per diluted share Third Quarter Adjusted EBITDA of $171 million, representing 38% of total revenues Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended September 30, 2024. "We posted solid third quarter results and continue to make significant progress toward full-solution automation,"
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on Dec. 9, 2024, to all stockholders of record as of the close of business on Nov. 25, 2024. About Paycom For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and fix
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 (929) 458-6194 Replay Access Code: 323948 The conference call will also be webcast at investors.paycom.com. For those unable to pa
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Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, revealed findings by Forrester Consulting on the potential cost savings and benefits enabled by Paycom's Time-Off Requests featuring GONE®, which automates the historically undermanaged time-off request process. According to the Forrester study, a composite organization representative of interviewed Paycom clients received a projected return on investment of up to 821% over three years. Paycom's Time-Off Requests featuring GONE manages employee time-off requests through automated decision-making with configurable rules. The tool expedites time-off decision perio
Third Quarter Revenues of $452 million, up 11% from the comparable prior year period Third Quarter GAAP Net Income of $73 million, representing 16% of total revenues, or $1.31 per diluted share Third Quarter Non-GAAP Net Income of $93 million, or $1.67 per diluted share Third Quarter Adjusted EBITDA of $171 million, representing 38% of total revenues Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended September 30, 2024. "We posted solid third quarter results and continue to make significant progress toward full-solution automation,"
Today, Oklahoma Sports Hall of Fame (OSHOF) and Jim Thorpe Association released the Paycom Jim Thorpe Award semifinalists. This list includes 15 of the nation's best defensive backs, representing seven conferences and one independent university. The semifinalists are selected by a screening committee whose members compile a list of up to 15 players based on performance on the field, athletic ability and character. This list is not final, and unlisted players who continually have outstanding performances as the season progresses may be recognized as one of the three finalists. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202410298
BTIG Research initiated coverage of Paycom Software with a rating of Neutral
Jefferies downgraded Paycom Software from Buy to Hold and set a new price target of $195.00
UBS initiated coverage of Paycom Software with a rating of Buy and set a new price target of $235.00
Barclays analyst Raimo Lenschow maintains Paycom Software (NYSE:PAYC) with a Equal-Weight and lowers the price target from $184 to $161.
The Nasdaq 100 closed higher by more than 1% on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Best Buy The Trade: Best Buy Co., Inc. (NYSE:BBY) SEVP Cust. Offerings & Fulfill Jason J Bonfig sold a total of 3,500 shares a
Paycom Software's (NYSE:PAYC) short percent of float has risen 11.35% since its last report. The company recently reported that it has 2.30 million shares sold short, which is 4.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.46 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
10-Q - Paycom Software, Inc. (0001590955) (Filer)
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8-K - Paycom Software, Inc. (0001590955) (Filer)
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4 - Paycom Software, Inc. (0001590955) (Issuer)
4 - Paycom Software, Inc. (0001590955) (Issuer)
4 - Paycom Software, Inc. (0001590955) (Issuer)
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, today announced the appointment of Archana Vemulapalli to Paycom's board of directors, effective July 30, 2024. Vemulapalli has more than 23 years of technology leadership experience. She currently serves as corporate vice president of Global Commercial Sales and leads Global System Integrator/System Integrator alliances at Advanced Micro Devices ("AMD"). Prior to joining AMD, she held management roles at Amazon Web Services ("AWS"), where she served as head of Product and Global Strategy for data and AI and as general manager and head of Solutions Architecture
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, announced today the appointment of Steve Sturges to the role of chief marketing officer (CMO). "Steve brings three decades of experience in marketing, branding and advertising to our team. I'm excited to see him continue to elevate our innovative brand, engage our clients and drive further demand generation for our salesforce," said Paycom founder, chairman and CEO, Chad Richison. As Paycom's chief marketing officer, Sturges will lead strategy, development and execution across all marketing and communication functions, while driving lead-generation efforts an
Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive cloud-based human capital management software, today announced the appointment of Felicia Williams to Paycom's board of directors as a Class II director. Williams currently serves at Macy's, Inc., as senior vice president of finance and Fellow for CEO Action for Racial Equality. She brings more than 30 years of experience in audit and corporate financial leadership in the consumer goods and retail sectors. Williams served as interim chief financial officer at Macy's from June 2020 to November 2020. Since joining Macy's in 2004, Williams has served in various roles, including spearheading the company's internal audit, co