New insider activity at Paycom ( (PAYC) ) has taken place on February 19, 2025.
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Director Frederick Peters recently sold 1,500 shares of Paycom stock, amounting to a total transaction value of $315,855.
Recent Updates on PAYC stock
In the last 24 hours, Paycom’s stock has experienced notable developments, primarily driven by its strong Q4 earnings report, which exceeded expectations, and recent company announcements. Analysts from BofA and Piper Sandler have raised their price targets, citing Paycom’s impressive Q4 results and strong revenue growth, although they maintain a neutral rating due to concerns about increased competition and a need for better revenue growth. Paycom’s Q4 earnings call highlighted record sales, product innovation, and operational efficiency, despite challenges such as slower client growth and expected declines in interest income. The company’s strategic expansion and focus on automation and innovation have been well-received, while the announcement of a new CFO, Bob Foster, signals a focus on long-term financial strategies. Overall, Paycom is seen as well-positioned for continued growth, with projections for increased revenue in 2025.
More about Paycom
YTD Price Performance: 3.88%
Average Trading Volume: 554,931
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $11.69B