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Why Paycom Software Stock Was Soaring This Week

Why Paycom Software Stock Was Soaring This Week

Paycom Software (NYSE: PAYC) produced a better than expected earnings report for the second quarter, sending the stock up as much as 14.4% for the week. On Aug. 3, Paycom Software released its second-quarter earnings report. This led Paycom's quarterly earnings per share (EPS) to hit $0.97, beating the consensus analyst estimate of $0.83.