Paycom Software, Inc. Reports Second Quarter 2021 Results
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Paycom (PAYC) Soars as Q2 Earnings Signal 'Start of Strong Recovery and Move Further Upmarket'
August 4, 2021 10:05 AM EDTShares of Paycom Software (NYSE: PAYC) are up 8.5% in todays trading session after the company delivered stronger-than-expected Q2 results. The company benefited from the new client adds and strong existing-clients performance.
PAYC delivered Q2 profit of $0.97 per share to beat the $0.84 expected from Street. Revenue for the quarter surged 33.3% to $242.15 million from $181.59 million last year.
The fundamentals of our business continue to strengthen, as demonstrated by our very strong second quarter results. The only way businesses win with Human Capital Management solutions is for the employees to have a direct relationship... More
Paycom Software (PAYC) PT Raised to $480 at Cowen
August 4, 2021 6:57 AM EDTCowen analyst Bryan Bergin raised the price target on Paycom Software (NYSE: PAYC) to $480.00 (from $475.00) while maintaining an Outperform rating.
The analyst commented, "A strong 2Q print with 4%/6% revenue/EBITDA beats and 3Q outlook also 3-4% above Street was delivered... More
Paycom Software (PAYC) Tops Q2 EPS by 13c
August 3, 2021 4:57 PM EDTPaycom Software (NYSE: PAYC) reported Q2 EPS of $0.97, $0.13 better than the analyst estimate of $0.84. Revenue for the quarter came in at $242.1 million versus the consensus estimate of $232.12 million.
GUIDANCE:
Paycom Software sees FY2021 revenue of $1.036-1.038 billion, versus the consensus... More
