Paycom Software, Inc. Reports Fourth Quarter and Year-End 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Paycom Software (PAYC) PT Raised to Street High $372 at Needham & Company
February 6, 2020 6:28 AM ESTNeedham & Company analyst Ryan MacDonald raised the price target on Paycom Software (NYSE: PAYC) to $372.00 (from $280.00) while maintaining a Buy rating.
The analyst comments "We are reiterating our Buy rating, while increasing our PT to $372, on Paycom (PAYC) following strong 4Q19 results, in which... More
Paycom Software (PAYC) Tops Q4 EPS by 9c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus, FY20 Revenue Views Above Consensus
February 5, 2020 4:31 PM ESTPaycom Software (NYSE: PAYC) reported Q4 EPS of $0.86, $0.09 better than the analyst estimate of $0.77. Revenue for the quarter came in at $193.4 million versus the consensus estimate of $190.33 million.
Financial Highlights for the Fourth Quarter of 2019
Total Revenues of $193.4 million represented a 29% increase compared to total revenues of $150.3 million in the same period last year. Recurring revenues of $190.2 million increased 29% from the comparable prior year period, and constituted 98% of total revenues.GAAP Net Income was $45.4 million, or $0.78 per... More