Why Paycom Software Stock Was Up Today

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.

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Source Fool.com