Paycom Software Analysts Boost Their Forecasts After Better-Than-Expected Results
1. Paycom reported Q1 earnings of $2.80, beating estimates of $2.56. 2. Quarterly sales of $530.50 million exceeded expectations of $524.95 million. 3. CEO Chad Richison raised the sales outlook for FY2025. 4. Paycom shares gained 6.6%, trading at $243.83 post-earnings. 5. Analysts adjusted price targets; Piper Sandler to $246, Stifel to $215.