Why Did Paycom Stock Drop

Why Did Paycom Stock Drop Following a disappointing earnings report Paycom PAYC 3 80 stock is getting crushed in Wednesday s trading The company s share price was down 38 3 as of 2 p m ET according to data from S

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 However 04 03 PM ET 11 01 2023 Shares in Paycom Software PAYC plunged Wednesday on a September quarter revenue miss and weak sales guidance for 2024 PAYC stock was down 21 in 2023 heading into the

Why Did Paycom Stock Drop

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Why Did Paycom Stock Drop
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Why Is Paycom Stock Falling The most recent quarter showed what appeared at least on the surface to be solid results Revenues grew 26 6 YOY to 401 1 million beating guidance by 3 Paycom Software NYSE PAYC stock is falling hard on Wednesday after the software as a service SaaS company posted earnings results for the third quarter of 2023 Results for the third quarter

Stifel analyst Brad Reback downgraded Paycom from Buy to Hold and lowered the price target from 400 to 160 Paycom reported 3Q23 revenue below the low end of guidance and issued 4Q23 guidance Paycom Software Inc shares were set to shed nearly a third of their value based on Tuesday s after hours action as the company which makes payroll and human resources software came up short

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Paycom Software Sinks 37 as Analysts Downgrade the Stock After Revenue Cut By Emily Dattilo Updated Nov 01 2023 10 12 am EDT Original Nov 01 2023 9 12 am EDT Share Paycome Software NYSE PAYC stock sank as much as 11 in Wednesday after hours trading after issuing Q2 guidance for sales and EBITDA that both fell short of the Wall Street consensus Still its

Get the latest Paycom Software Inc PAYC real time quote historical performance charts and other financial information to help you make more informed trading and investment decisions Paycom reported third quarter fiscal 2023 earnings per share EPS of 1 30 with revenue rising 21 6 year over year to 406 3 million Both were short of estimates CFO Craig Boelte noted that

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Why Did Paycom Stock Drop - Paycom Software NYSE PAYC stock is falling hard on Wednesday after the software as a service SaaS company posted earnings results for the third quarter of 2023 Results for the third quarter