Paycom Guides FY Revenue $2.197B-$2.212B, In Line With Expectations
PAYC sits 79% above its 52-week low of $104.9.
Summary
Paycom issued FY revenue guidance of $2.197B-$2.212B, a key data point for modeling. The range is consistent with prior growth trends and the strong Q1 reported in May. No earnings or margin figures were provided, so the full picture awaits the quarterly release. The company has been aggressively buying back stock, with $1.06B repurchased in Q1 and a $2B authorization in place.
At the time of this announcement, PAYC was trading at $188.00 on NYSE in the Technology sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $104.90 to $248.95. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.