Paycom Software (PAYC) Soars 0.91% on Strong Revenue Growth

Mover TrackerTuesday, Apr 29, 2025 6:22 pm ET

1min read

Paycom Software (PAYC) shares rose 0.91% today, reaching their highest level since December 2024 with an intraday gain of 1.44%.

Analysts at Piper Sandler have increased their price target for Paycom Software from $191.00 to $224.00. This upward revision in the price target is likely to boost investor confidence and contribute to a rise in the stock price.

Paycom Software reported revenues of $493.8 million for the period, reflecting a year-on-year increase of 13.6% and exceeding analysts' expectations by 2.6%. This strong revenue growth, coupled with the company's consistent performance in beating earnings estimates, has driven a positive outlook among investors.

The Zacks Consensus Estimate for Paycom Software's full-year 2025 earnings is projected at $8.72 per share, indicating potential growth and further supporting a bullish sentiment towards the stock.

Over the past year, Paycom Software's shares have gained 6%, and the company has consistently surpassed consensus estimates in the last four quarters. This consistent performance has likely reinforced a positive view of the stock among investors, contributing to its recent price appreciation.

Comments

﻿

Add a public comment...

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.