What’s the latest, news or rumor? Anyone?
That’s Paychex, not Paycom.
MasterCard (MA) Ticker Guide
No position in either
I still follow the stock and company but no longer hold any.
I think it is a combination of things like high P/E, small cap, and volatile industry where it is swimming with sharks.
I saw on SA a couple things though:
Cloud HR software firm Paycom (PAYC -1%), on the other hand, has been upgraded to Overweight on a belief consensus estimates are too low.
Seems like PAYC is a bright spot in a tough sector from that.
I haven’t looked at their financials in a couple months since I sold, but this could be just a general market trend.
I always thought this stock has a very positive momentum, and if there weren’t other such great stocks/companies to invest in with much lower PE’s I would jump back in.
Maybe we will find out something more is going on, after the HF’s get out or something similar.
no position in PAYC