The Latest Breaking News from PAYC

Analyst opinions remain divided over Paycom Software Inc (NYSE:PAYC) post Q4 results. Piper Sandler analyst Arvind Ramnani raised the price target on Paycom to $505 from $498 (40% upside) and reiterated an Overweight.  Paycom's Q4 results "were robust all-around" as revenue came in well above expectations driven by a healthy demand environment, Ramnani says. Stifel analyst Brad…

Paycom Software (NYSE:PAYC) reported its Q4 earnings results on Tuesday, February 8, 2022 at 04:05 PM. Here's what investors need to know about the announcement.

Over the past 3 months, 7 analysts have published their opinion on Paycom Software (NYSE:PAYC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Leading human capital management software provider Paycom Software (PAYC) reported strong top-line growth in its last reported quarter. However, its stock has slumped nearly 38% in price over the past month. So, is it worth betting on the stock now, considering the recent sell-off in the tech sector? Let's discuss.

If history is any guide, there may be trouble ahead for shares of Paycom Software (NYSE:PAYC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.