The Latest Breaking News from Paycom Software

Analysts reiterated their ratings on Paycom Software, Inc (NYSE:PAYC) post Q1 results. Needham analyst Ryan MacDonald reiterated the Buy rating and $450 price target on Paycom Software following the company's stellar start to FY22, in which revenue and adjusted EBITDA exceeded consensus expectations.  PAYC put up a sizeable 1Q22 beat and raise driven by solid sales…

Paycom Software (NYSE:PAYC) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Paycom Software beat estimated earnings by 8.57%, reporting an EPS of $1.9 versus an estimate of $1.75.

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.

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.