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Paycom (PAYC) Catches Eye: Stock Jumps 9%

Zacks Equity Research

Paycom Software, Inc. PAYC was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 28.6% in the past one-month time frame.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Paycom currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Paycom Software, Inc. Price

Paycom Software, Inc. Price

Paycom Software, Inc. price | Paycom Software, Inc. Quote

Investors interested in the Internet - Software industry may consider a better-ranked stock like Chegg, Inc. CHGG, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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