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Paycom Software saw mixed market reactions despite strong earnings growth, with major stake sales and a "Hold" rating.
Paycom Software saw its shares traded actively this quarter, with Bessemer Group Inc. selling off a significant portion of its holdings, reducing its stake to 7,102 shares valued at $1.55 million.
Analysts gave mixed reviews, with a general "Hold" recommendation and a one-year target price of $226.90.
The firm reported strong earnings, beating estimates with a 7.15% growth and a 6.1% revenue increase year-over-year.
Paycom, valued at $13.13 billion, offers cloud-based HCM solutions.
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Paycom Software vio reacciones mixtas del mercado a pesar del fuerte crecimiento de las ganancias, con importantes ventas de participaciones y una calificación de "Hold".