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Paycom Software: Recent Weakness Is An Overreaction

Aug. 29, 2023 11:34 PM ETPaycom Software, Inc. (PAYC) Stock3 Comments
Geoffrey Seiler profile picture
Geoffrey Seiler


  • Paycom's results were solid, but it saw one of its smallest earnings and revenue beats in recent memory.
  • Investors disliked guidance, although the company was upbeat on the call, seeing no changes in the macro and strength up-market.
  • The slide in the stock looks like an overreaction.

Calendar with red marked payday


Back in May, I was bullish on Paycom Software (NYSE:PAYC) noting that while the stock was not in the bargain bin that it had some of the best S&M efficiency in the SaaS space and solid

This article was written by

Geoffrey Seiler profile picture
Former Senior Equity Analyst at $600M long-short hedge fund Raging Capital.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (3)

WayneCDN1876 profile picture
Agreed, looks like the bottom is in for PAYC.
@WayneCDN1876 And then there's not exactly.
Your valuation case is simply not true for a profitable company. The truth is, there is no one-size-fits-all formula for valuation of any company at any given moment in time. That's just not how things work.
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