Paycom Software Stock (NYSE:PAYC), Trade Ideas

Paycom Software

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

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Paycom Software Inc

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Paycore Minerals Inc

Paycom Software's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) short percent of float has risen 9.16% since its last report. The company recently reported that it has 2.11 million shares sold short, which is 4.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Paycom Software Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712165411_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Paycom Software has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Paycom Software's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Paycom Software's peer group average for short interest as a percentage of float is 5.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into Paycom Software's Recent Short Interest

Live On CNBC, Kari Firestone Announced Adding To Paycom Software Position

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>EMR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$97.50</td>
<td>$25.8K</td>
<td>163</td>
<td style="text-align: right;">944</td>
</tr>
<tr>
<td>WM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$205.00</td>
<td>$43.3K</td>
<td>524</td>
<td style="text-align: right;">674</td>
</tr>
<tr>
<td>BLDR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$170.00</td>
<td>$175.2K</td>
<td>1.1K</td>
<td style="text-align: right;">447</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/23/24</td>
<td>$74.00</td>
<td>$82.5K</td>
<td>487</td>
<td style="text-align: right;">437</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$135.00</td>
<td>$211.6K</td>
<td>28</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$240.00</td>
<td>$52.0K</td>
<td>1.8K</td>
<td style="text-align: right;">258</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$60.6K</td>
<td>1.0K</td>
<td style="text-align: right;">120</td>
</tr>
<tr>
<td>PCTY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$170.00</td>
<td>$33.0K</td>
<td>10</td>
<td style="text-align: right;">77</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$185.00</td>
<td>$39.5K</td>
<td>20</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$110.00</td>
<td>$42.9K</td>
<td>38</td>
<td style="text-align: right;">29</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we notice a put option sweep that happens to be bearish, expiring in 121 day(s) on June 21, 2024. This event was a transfer of 126 contract(s) at a $97.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $205.0 per contract. There were 163 open contracts at this strike prior to today, and today 944 contract(s) were bought and sold. 
• Regarding WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on March 1, 2024. Parties traded 299 contract(s) at a $205.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $145.0 per contract. There were 524 open contracts at this strike prior to today, and today 674 contract(s) were bought and sold. 
• For BLDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>), we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on March 15, 2024. This event was a transfer of 438 contract(s) at a $170.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $175.2K, with a price of $400.0 per contract. There were 1128 open contracts at this strike prior to today, and today 447 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on February 23, 2024. This event was a transfer of 320 contract(s) at a $74.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $82.5K, with a price of $258.0 per contract. There were 487 open contracts at this strike prior to today, and today 437 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a put option trade that happens to be bearish, expiring in 485 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $211.6K, with a price of $529.0 per contract. There were 28 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• For FDX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), we notice a call option trade that happens to be bearish, expiring in 23 day(s) on March 15, 2024. This event was a transfer of 100 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $52.0K, with a price of $520.0 per contract. There were 1822 open contracts at this strike prior to today, and today 258 contract(s) were bought and sold. 
• Regarding UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we observe a call option sweep with bearish sentiment. It expires in 695 day(s) on January 16, 2026. Parties traded 120 contract(s) at a $60.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $60.6K, with a price of $505.0 per contract. There were 1036 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold. 
• For PCTY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>), we notice a put option trade that happens to be bearish, expiring in 23 day(s) on March 15, 2024. This event was a transfer of 71 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $465.0 per contract. There were 10 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
• For PAYC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>), we notice a put option sweep that happens to be neutral, expiring in 58 day(s) on April 19, 2024. This event was a transfer of 38 contract(s) at a $185.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $39.5K, with a price of $1040.0 per contract. There were 20 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold. 
• For CAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>), we notice a call option sweep that happens to be bullish, expiring in 177 day(s) on August 16, 2024. This event was a transfer of 27 contract(s) at a $110.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $1590.0 per contract. There were 38 open contracts at this strike prior to today, and today 29 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Industrials Stocks Whale Activity In Today's Session

JP Morgan analyst Mark Murphy maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Neutral and raises the price target from $140 to $165.

JP Morgan Maintains Neutral on Paycom Software, Raises Price Target to $165

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Keybanc raised the price target for Emerson Electric Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emr#NYSE">EMR</a>) from $120 to $125. Keybanc analyst Ken Newman maintained an Overweight rating. Emerson Electric shares jumped 10.4% to close at $104.09 on Wednesday. <a href="https://www.benzinga.com/quote/EMR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised Paycom Software, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) price target from $185 to $190. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating. Paycom Software shares rose 0.7% to close at $199.03 on Wednesday. <a href="https://www.benzinga.com/quote/PAYC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham boosted the price target for Roblox Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rblx#NYSE">RBLX</a>) from $51 to $55. Needham analyst Bernie McTernan maintained a Buy rating. Roblox shares gained 10.2% to close at $44.74 on Wednesday. <a href="https://www.benzinga.com/quote/RBLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank increased The Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) price target from $116 to $125. Deutsche Bank analyst Bryan Kraft maintained a Buy rating. Disney shares fell 0.2% to close at $99.14 on Wednesday. <a href="https://www.benzinga.com/quote/DIS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel boosted the price target for IDEX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iex#NYSE">IEX</a>) from $215 to $265. Stifel analyst Nathan Jones upgraded the stock from Hold to Buy. IDEX shares rose 1.6% to close at $222.42 on Wednesday. <a href="https://www.benzinga.com/quote/IEX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS raised the price target for Methanex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meoh#NASDAQ">MEOH</a>) from $51 to $60. UBS analyst Joshua Spector upgraded the stock from Neutral to Buy. Methanex shares rose 0.8% to close at $44.94 on Wednesday. <a href="https://www.benzinga.com/quote/MEOH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased Ally Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ally#NYSE">ALLY</a>) price target from $37 to $47. Morgan Stanley analyst Betsy Graseck upgraded the stock from Equal-Weight to Overweight. Ally Financial shares fell 0.5% to close at $35.68 on Wednesday. <a href="https://www.benzinga.com/quote/ALLY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen boosted Spirit AeroSystems Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spr#NYSE">SPR</a>) price target from $27 to $35. TD Cowen analyst Cai von Rumohr upgraded the stock from Market Perform to Outperform. Spirit AeroSystems shares gained 1% to close at $28.33 on Wednesday. <a href="https://www.benzinga.com/quote/SPR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo boosted Criteo S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crto#NASDAQ">CRTO</a>) price target from $28 to $41. Wells Fargo analyst Brian Fitzgerald upgraded the stock from Equal-Weight to Overweight. Criteo shares rose 17.8% to close at $30.83 on Wednesday. <a href="https://www.benzinga.com/quote/CRTO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted Discover Financial Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dfs#NYSE">DFS</a>) price target from $105 to $133. Morgan Stanley analyst Betsy Graseck upgraded the stock from Equal-Weight to Overweight. Discover Financial shares rose 0.6% to close at $106.28 on Wednesday. <a href="https://www.benzinga.com/quote/DFS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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WIIM

Paycom Software shares are trading lower after the company issued Q1 total revenues guidance below estimates.

Piper Sandler analyst Arvind Ramnani maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Neutral and raises the price target from $185 to $190.

Piper Sandler Maintains Neutral on Paycom Software, Raises Price Target to $190

<h3>Gainers</h3>
<ul>
<li>Blue Bird (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBD#NASDAQ">BLBD</a>) shares increased by 14.9% to $35.9 during Wednesday's after-market session. The company's market cap stands at $1.1 billion. As per the press release, Q1 earnings came out today. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares rose 8.01% to $1.39. The company's market cap stands at $1.2 million. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) shares rose 7.52% to $0.57. The company's market cap stands at $22.3 million. </li>
<li>Roma Green Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROMA#NASDAQ">ROMA</a>) shares moved upwards by 6.28% to $0.83. The market value of their outstanding shares is at $8.6 million. </li>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares moved upwards by 6.26% to $0.11. The market value of their outstanding shares is at $1.0 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) stock increased by 6.12% to $4.68. The market value of their outstanding shares is at $413.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) shares decreased by 6.8% to $0.38 during Wednesday's after-market session. The company's market cap stands at $1.0 million. </li>
<li>Fluence Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) stock decreased by 5.34% to $19.15. The market value of their outstanding shares is at $2.4 billion. As per the press release, Q1 earnings came out today. </li>
<li>Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) stock fell 4.91% to $230.0. The market value of their outstanding shares is at $28.3 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) shares fell 4.54% to $190.0. The company's market cap stands at $10.9 billion. The company's, Q4 earnings came out today. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) stock fell 4.02% to $0.55. The market value of their outstanding shares is at $24.7 million. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares decreased by 3.85% to $0.16. The market value of their outstanding shares is at $11.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's After-Market Session

Guidance

Paycom Expects Q1 Total Revenues Of $494M-$497M (Est $500.512M), 2024 Total Revenues Of $1.86B-$1.885B (Est. $1.87B)

Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) reported its Q4 earnings results on Wednesday, February 7, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Paycom Software beat estimated earnings by 8.43%, reporting an EPS of $1.93 versus an estimate of $1.78.
Revenue was up $63.99 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.16 which was followed by a 38.49% drop in the share price the next day.
Here's a look at Paycom Software's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.61</td>
<td>1.60</td>
<td>2.35</td>
<td>1.49</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.77</td>
<td>1.62</td>
<td>2.46</td>
<td>1.73</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>411.18M</td>
<td>398.20M</td>
<td>444.19M</td>
<td>366.77M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>406.30M</td>
<td>401.14M</td>
<td>451.64M</td>
<td>370.61M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Paycom Software <a href="https://www.benzinga.com/quote/PAYC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Paycom Software: Q4 Earnings Insights

Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) reported quarterly Adj earnings of $1.93 per share which beat the analyst consensus estimate of $1.78 by 8.43 percent. This is a 11.56 percent increase over earnings of $1.73 per share from the same period last year. The company reported quarterly sales of $434.60 million which beat the analyst consensus estimate of $422.56 million by 2.85 percent. This is a 17.27 percent increase over sales of $370.61 million the same period last year.

Paycom Software Q4 Adj EPS $1.93 Beats $1.78 Estimate, Sales $434.60M Beat $422.56M Estimate

Management

Paycom Software Says Chris Thomas Promoted To Paycom Co-CEO With Chad Richison; Chad Richison's Title Becomes Co-CEO, President And Chairman

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Earnings Scheduled For February 7, 2024

Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-07. Here's what investors need to know before the announcement.
Analysts estimate that Paycom Software will report an earnings per share (EPS) of $1.78. 
Paycom Software bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 38.49% drop in the share price the next day.
Here's a look at Paycom Software's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.61</td>
<td>1.60</td>
<td>2.35</td>
<td>1.49</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.77</td>
<td>1.62</td>
<td>2.46</td>
<td>1.73</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-38.49%</td>
<td>-19.19%</td>
<td>1.71%</td>
<td>-6.77%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707246122_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Paycom Software were trading at $194.23 as of February 05. Over the last 52-week period, shares are down 38.48%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/PAYC/earnings">To track all earnings releases for Paycom Software visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Paycom Software

BTIG analyst Matt VanVliet initiates coverage on Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Neutral rating.

Initiation

BTIG Initiates Coverage On Paycom Software with Neutral Rating

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Paycom Software, presenting an average target of $212.6, a high estimate of $250.00, and a low estimate of $185.00. Experiencing a 3.36% decline, the current average is now lower than the previous average price target of $220.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1706734821_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Paycom Software's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Enders</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$198.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Kevin Mcveigh</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$250.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$195.00</td>
<td>-</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$185.00</td>
<td>-</td>
</tr>
<tr>
<td>Kevin Mcveigh</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$235.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Paycom Software. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Paycom Software compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Paycom Software's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PAYC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Paycom Software analyst ratings.</a>
<h2>All You Need to Know About Paycom Software</h2>
Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,000 clients as of 2022, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
<h3>Paycom Software's Economic Impact: An Analysis</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Paycom Software showcased positive performance, achieving a revenue growth rate of 21.59% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Paycom Software's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.51%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Paycom Software's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.32%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Paycom Software's ROA excels beyond industry benchmarks, reaching 1.93%. This signifies efficient management of assets and strong financial health.
Debt Management: Paycom Software's debt-to-equity ratio is below the industry average at 0.02, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 5 Analyst Recommendations For Paycom Software

Citigroup analyst Steven Enders maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Neutral and lowers the price target from $205 to $198.

Citigroup Maintains Neutral on Paycom Software, Lowers Price Target to $198

UBS analyst Kevin Mcveigh maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Buy and raises the price target from $235 to $250.

UBS Maintains Buy on Paycom Software, Raises Price Target to $250

In the last three months, 15 analysts have published ratings on Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>), offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Paycom Software, revealing an average target of $222.6, a high estimate of $399.00, and a low estimate of $160.00. Highlighting a 37.44% decrease, the current average has fallen from the previous average price target of $355.82. 
<img src="https://www.benzinga.com/files/images/story/2024/1704463232_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Paycom Software among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$195.00</td>
<td>-</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$185.00</td>
<td>-</td>
</tr>
<tr>
<td>Kevin Mcveigh</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$235.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Bergere</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$330.00</td>
</tr>
<tr>
<td>Siti Panigrahi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$200.00</td>
<td>$294.00</td>
</tr>
<tr>
<td>Daniel Jester</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$190.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Steven Enders</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$189.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$160.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$202.00</td>
<td>$331.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$175.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$399.00</td>
</tr>
<tr>
<td>Steven Enders</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$360.00</td>
<td>$405.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$294.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$399.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Paycom Software. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Paycom Software compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Paycom Software's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Paycom Software's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PAYC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Paycom Software analyst ratings.</a>
<h2>Delving into Paycom Software's Background</h2>
Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,000 clients as of 2022, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
<h3>Understanding the Numbers: Paycom Software's Finances</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Paycom Software's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 21.59%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Paycom Software's net margin excels beyond industry benchmarks, reaching 18.51%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Paycom Software's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 5.32%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Paycom Software's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.93%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.02, Paycom Software adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Paycom Software Stock: A Deep Dive Into Analyst Perspectives (15 Ratings)

Analysts who follow Paycom Software Inc (PAYC) on average expect it to decline -0.48% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 14, which means it ranks higher than 14 of stocks, based on data compiled by InvestorsObse

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
You may have heard about GPT-4 Turbo, Gemini, Llama or X&rsquo;s (formerly Twitter) Grok. However, there is a new contender outside of these Big Tech models in town. It&rsquo;s called Claude, created by Anthropic. The company recently <a href="https://www.anthropic.com/news/claude-3-family">released Claude 3 models</a> and claims its premium &ldquo;Opus&rdquo; model is smarter than all other AI bots. Many people have touted it as the most intelligent AI available right now. Moreover, it has access to events up to August 2023, making it more up-to-date than other models.



Could Claude&rsquo;s stock screening capabilities and human intuition help you realize significant returns? Let&rsquo;s put it to the test and ask it to list seven stocks that it thinks will &ldquo;mint millionaires.&rdquo; Note that some highly unprofitable and dilutive companies and big-cap picks unlikely to deliver &ldquo;millionaire-making&rdquo; gains have been left out of the AI stock picks for obvious reasons.



<h2>Paycom Software (PAYC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/PAYC1600-300x169.jpg" alt=""><div>Source: STEFANY LUNA DE LINZY / Shutterstock.com</div></div>Claude: &ldquo;Paycom Software (NYSE:<a href="https://investorplace.com/stock-quotes/payc-stock-quote/">PAYC</a>) is a leading provider of cloud-based payroll and human resource management software for small to medium-sized businesses. The company&rsquo;s platform offers a range of tools for managing payroll, time and attendance, talent acquisition, and HR compliance. Paycom&rsquo;s user-friendly interface, strong customer support, and focus on innovation have helped it gain a loyal customer base and maintain high retention rates. The increasing demand for cloud-based payroll and HR solutions, driven by the need for businesses to streamline their processes and ensure compliance with evolving regulations, supports Paycom&rsquo;s growth prospects. Additionally, the ongoing shift towards digital transformation and the increasing technology adoption by small and medium-sized businesses are key megatrends that benefit Paycom.&rdquo;



Claude has hit the nail on the head regarding the trends driving long-term growth for Paycom&rsquo;s business. There is not much to add except looking at the metrics. Most cloud-based software companies are trading at significant premiums right now. Still, I cannot say the same for PAYC, trading 63% off its 2021 peak despite generating solid profits and paying a small dividend. However, I believe times will change as companies accelerate efforts to automate their workforce. Analysts expect continued EPS and revenue growth in <a href="https://seekingalpha.com/symbol/PAYC/earnings/estimates">low double-digits</a> going forward, which are relatively muted expectations the company can beat. I agree that outsized returns are definitely possible here from these depressed levels.



<h2>Vicor (VICR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/defense1600d-300x169.jpg" alt="8 Stellar Small-Cap Stocks to Buy That Are in Major Industries"><div>Source: Shutterstock</div></div>Claude: &ldquo;Vicor (NASDAQ:<a href="https://investorplace.com/stock-quotes/vicr-stock-quote/">VICR</a>) is a leading high-performance power conversion and management solutions provider. The company&rsquo;s innovative products are used in various industries, including automotive, aerospace, defense and data centers. Vicor&rsquo;s patented technology enables efficient, high-density power delivery, crucial for the growing demand for electrification and high-performance computing. The company&rsquo;s strong market position, expanding customer base and exposure to key megatrends such as electric vehicles and data center growth make it a compelling investment opportunity.&rdquo;



This power modules company is another beaten-down bet that can deliver significant returns. I agree with Claude that the risk-return setup here is favorable for investors. However, I am not as optimistic as AI on the near-term prospects. Analysts expect EPS to recover from $0.32 to $1.26 in one year, along with 33% revenue growth. However, the revenue of $92.7 million in Q4 was down ~12% sequentially and on a YOY basis. The company missed consensus revenue estimates by a whopping $14.4 million while book-to-bill remained below 1. These are concerning metrics for the near term, but I cannot complain much about the long-term prospects with shares at bargain-basement levels.



<h2>Enphase Energy (ENPH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/enph1600-300x169.png" alt="Smartphone with logo of American company company Enphase Energy Inc. (ENPH) on screen in front of business website. Focus on left of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Claude: &ldquo;Enphase Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>) is a global leader in microinverter-based solar-plus-storage systems. The company&rsquo;s innovative technology enables more efficient and reliable solar energy generation and storage, making it a key player in the growing renewable energy market. Enphase&rsquo;s strong brand, expanding global presence and partnerships with leading solar installers position it well for future growth. The increasing adoption of solar energy, the need for energy storage solutions and the global push towards renewable energy are significant megatrends that support Enphase&rsquo;s long-term prospects.&rdquo;



Speaking of bargain-basement pricing, Enphase Energy certainly has you covered there. The entire solar sector went through a bearish wave in the past few months, but that seems to be subsiding with many <a href="https://investorplace.com/industries/energy/renewable-energy/solar/">solar stocks</a> recovering from their troughs. Enphase has recovered significantly but is still down 64% from its peak. I believe these cheap prices have significant upside potential as rate cuts take effect. The company has $1.7 billion in cash and huge growth ahead, with residential installations only comprising over 20% of the overall capacity installed in the U.S. Analysts expect EPS to rise from $3.3 in 2024 to $11.4 in 2029 alongside revenue growing from $1.6 billion to $4.4 billion during the same period. It&rsquo;s definitely one of the best AI stock picks here.



<h2>Revolve Group (RVLV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/revolve-rvlv-stock-300x169.jpg" alt="The Revolve (RVLV) group logo is seen on a display."><div>Source: nikkimeel / Shutterstock.com</div></div>Claude: &ldquo;Revolve Group (NYSE:<a href="https://investorplace.com/stock-quotes/rvlv-stock-quote/">RVLV</a>) is an online fashion retailer that targets Millennial and Gen Z consumers. The company&rsquo;s data-driven approach, influencer-driven marketing and curated product offerings have helped it build a loyal customer base and differentiate itself in the competitive e-commerce market. Revolve&rsquo;s agile supply chain, strong brand partnerships and focus on customer experience position it well for continued growth. The increasing shift towards online shopping, the growing influence of social media on consumer behavior and the rising spending power of younger generations are key megatrends that support Revolve&rsquo;s growth prospects.&rdquo;



This is another beaten-down stock among the AI stock picks that I think can perform relatively well in the years ahead. However, I again would not be very optimistic here in the near term, given retail spending is still down and high interest rates have dampened discretionary purchases. However, I would still say this deserves a buy rating because the balance sheet is quite clean, with only $41 million in debt and $245 million in cash. The growth potential cannot be ignored, as analysts expect EPS to jump from $0.48 to $6.3 from 2024 to 2033 and revenue nearly quadrupling in that timeframe. In the long run, I have a lot of conviction that you can squeeze out significant upside from this stock from the current depressed levels.



<h2>IDEXX Laboratories (IDXX)</h2>



<a href="https://investorplace.com/wp-content/uploads/2016/07/IDEXX-01.png"><img width="280" height="280" src="https://investorplace.com/wp-content/uploads/2016/07/IDEXX-01.png" alt=""></a>Claude: &ldquo;IDEXX Laboratories (NASDAQ:<a href="https://investorplace.com/stock-quotes/idxx-stock-quote/">IDXX</a>) is a global leader in veterinary diagnostics, software and water microbiology testing. The company&rsquo;s innovative products and services help veterinarians deliver high-quality care and enable early detection and treatment of pet diseases. IDEXX&rsquo;s strong competitive position, global presence and innovation focus position it well for continued growth. The increasing humanization of pets, the growing demand for veterinary care and the rising awareness of early disease detection&rsquo;s importance are key megatrends supporting IDEXX&rsquo;s long-term prospects.&rdquo;



You could include this company in your core portfolio without hesitation. Still, I do not think this is the sort of stock you would necessarily chase if you are looking for millionaire-making returns. Regardless, you could still make some juicy gains if you hold this long enough. It is a quality company, but I disagree with Claude that it can generate the multibagger returns I am targeting in the next few years.



<h2>Tactile Systems Technology (TCMD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/medical-device-stocks-hospital-stocks-healthcare-stocks-300x169.jpg" alt="An image of two medical professionals performing a procedure on a patient"><div>Source: Roman Zaiets / Shutterstock.com</div></div>Claude: &ldquo;Tactile Systems Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/tcmd-stock-quote/">TCMD</a>) is a medical technology company that develops and provides innovative medical devices for treating chronic diseases at home. The company&rsquo;s flagship product, the Flexitouch system, treats lymphedema and chronic venous insufficiency. Tactile Systems&rsquo; focus on improving patient outcomes, reducing healthcare costs and enabling at-home treatment positions it well for future growth. The increasing prevalence of chronic diseases, the growing demand for home-based healthcare solutions and the ongoing shift toward value-based care are key megatrends that support Tactile Systems&rsquo; growth prospects.&rdquo;



This is certainly one of the AI stock picks that could deliver the oversized returns I discussed. <a href="https://seekingalpha.com/symbol/TCMD/earnings/estimates">EPS is expected </a>to double in the next two years nearly, and revenue is growing in the lower double digits. The valuation and margins are very appealing here, and the 3-year FCF growth rate of 281% makes it better than 99.7% of its industry peers. It is a quality company with a clean balance sheet. Still, the potential upside is a bit muted, and I do not expect TCMD stock to break $50 anytime soon.



<h2>Simulations Plus (SLP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/healthcare-1600-300x169.jpg" alt="Nurse holding a tablet with icons representing different aspects of healthcare and healthcare data representing CANO stock. Healthcare Tech Stocks"><div>Source: metamorworks / Shutterstock</div></div>Claude: &ldquo;Simulations Plus (NASDAQ:<a href="https://investorplace.com/stock-quotes/slp-stock-quote/">SLP</a>) is a leading modeling and simulation software provider for drug discovery and development. The company&rsquo;s innovative software platform helps pharmaceutical and biotechnology companies accelerate the drug development process, reduce costs and improve success rates. Simulations Plus&rsquo; strong market position, expanding customer base and focus on innovation position are good for continued growth. The increasing complexity of drug discovery, the growing demand for efficient drug development processes and the rising adoption of computer-aided drug design are key megatrends that support Simulations Plus&rsquo; long-term prospects.&rdquo;



This is another stock in the healthcare industry sort of in the same boat as TCMD. Do not expect massive returns, but the possible gains are significant enough to include in a high-risk, high-reward basket of stocks. The company beat top-line estimates by nearly 6% in the recent quarter and has some of the best margin and cash positions, with negligible debt and $108 million in cash. Revenue growth is expected to be around 15% annually and 20-30% EPS growth going forward. However, you are paying a hefty premium for this stock, so I do not think life-changing returns are possible. However, it is still one of the AI stock picks worth buying for potential double-digit returns.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/new-ai-bot-predicts-these-7-stocks-will-mint-millionaires/">New AI Bot Predicts These 7 Stocks Will Mint Millionaires</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

New AI Bot Predicts These 7 Stocks Will Mint Millionaires

In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Paycom (PAYC – Research Report), with a price target of $193.0...

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APPN

BIGC

BYDIF

CACC

CPRI

DDOG

DOCN

FIVN

IDXX

INTU

JAMF

KVYO

MSFT

PAYX

PYCR

REGN

RVLV

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