Why Did Paycom Stock Drop Today Reuters Shares of Paycom Software lost nearly two fifths of their value on Wednesday wiping about 5 5 billion off the payroll processor s market capitalization after its fourth quarter
Shares of online payroll and human resource software provider Paycom NYSE PAYC fell 24 in the afternoon session after the company reported third quarter revenue that fell short of Wall Street s Paycom Software Inc NYSE PAYC Get Free Report Director J C Watts Jr sold 500 shares of the stock in a transaction that occurred on Monday February 24th The stock was sold at an average price of 218 22 for a total value of 109 110 00 Following the sale the director now owns 7 730 shares in the company valued at 1 686 840 60
Why Did Paycom Stock Drop Today
Why Did Paycom Stock Drop Today
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Paycom On LinkedIn That s The Power Of Employee Driven Payroll
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Why Paycom PAYC Stock Is Nosediving Max Juang Thu May 2 2024 12 58 PM 2 min read Overall this was a mixed quarter for Paycom The stock market overreacts to news and big price drops Paycom Software stock is dropping alongside a mixed Q3 earnings report The company s EPS beat estimates while revenue missed them Its revenue outlook for Q4 2023 is also weak
Paycom stock has declined in each of the last three years and is down more than 40 in 2023 The HR and payroll software company faces an uphill battle to turn 10 000 into 1 million Paycom Software Inc PAYC shares are tumbling Wednesday after the company reported disappointing top line results and issued weak guidance Several analysts also downgraded the stock following the
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Paycom missed profit and sales estimates and its guidance was also short of forecasts as customers switched to an automated system that Paycom said ate into other sources of revenue Paycom NYSE PAYC found its stock crashing around 20 on Wednesday after the company reported earnings On the surface the results looked solid with the company sustaining resilient revenue
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Why Did Paycom Stock Drop Today - Paycom stock has declined in each of the last three years and is down more than 40 in 2023 The HR and payroll software company faces an uphill battle to turn 10 000 into 1 million