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Why Paycom Software Stock Was Up Today

TheMotleyFool

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Why Paycom Software Stock Was Up TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/8b396c5d-cf01-4937-89c4-91ad2f28f1ee.png

Shares of Paycom Software (NYSE: PAYC) were trading up by 8.6% as of 3:35 p.m. ET Wednesday after the company reported better-than-expected results for the fourth quarter on Tuesday.

Revenue increased by 29% year over year to $285 million, beating the analysts' consensus estimate of $275 million. Management also gave an optimistic outlook for the year ahead.

Image source: Getty Images.

Source Fool.com

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