We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Paycom (PAYC) Unveils GONE for Time-off Requests Management
Read MoreHide Full Article
Paycom Software (PAYC - Free Report) has recently introduced a feature named GONE that enables automated decisions for time-off requests. Companies using the new “GONE” feature will now be able to manage time-off requests efficiently by using a decision engine.
The feature considers various factors, including staffing needs, employee hours, company policies and seniority, while also ensuring fairness, transparency and promptness. GONE is designed to reduce inaccuracies in approvals or denials of requests, minimize wait time for decision making, and consistent decision making based on guidelines.
This newest feature is one in the long line of product and feature launches by Paycom this year. Previously, the company launched Paycom Everyday and Client Action Center in August and June 2023, respectively.
Paycom Everyday enables employees to receive their pay daily without extra fees while helping employers streamline their payroll process through a unified system where employees operate their payroll.
On the other hand, the Client Action Center from Paycom is tailored for payroll administrators and includes an intuitive dashboard. This center offers immediate visibility into wire transfers, delivering real-time updates and valuable insights.
The introduction of GONE, alongside other product launches and Paycom’s wide range of offerings, will continue to assist the company in acquiring new customers. Nevertheless, the increasing competition within the HCM software market might create pricing pressures, impacting Paycom’s margins.
Furthermore, growing concerns about a recession alongside persistent macroeconomic challenges and geopolitical issues have led to significant headcount reductions across Paycom’s clientele. The scenario may affect the company’s business due to lower transaction volumes or loss of clients.
Zacks Rank & Stocks to Consider
Paycom currently carries a Zacks Rank #3 (Hold). Shares of PAYC have declined 40.1% year to date.
The Zacks Consensus Estimate for NetEase's fourth-quarter 2023 earnings has been revised upward by 10 cents to $1.83 per share in the past 30 days. For fiscal 2023, earnings estimates have increased 30 cents to $7.26 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 16.63%. Shares of NTES have gained 41.2% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has been revised by 38 cents northward to $1.44 per share in the past 60 days. For fiscal 2024, earnings estimates have increased 72 cents to $6.28 in the past 60 days.
BELFB’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 56.92%. Shares of BELFB have surged 67.1% year to date.
The Zacks Consensus Estimate for Dropbox's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 48 cents per share. For fiscal 2023, earnings estimates have been revised 7 cents upward to $1.96 per share in the past 30 days.
DBX’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 13.14%. Shares of DBX have gained 23.3% year to date.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Paycom (PAYC) Unveils GONE for Time-off Requests Management
Paycom Software (PAYC - Free Report) has recently introduced a feature named GONE that enables automated decisions for time-off requests. Companies using the new “GONE” feature will now be able to manage time-off requests efficiently by using a decision engine.
The feature considers various factors, including staffing needs, employee hours, company policies and seniority, while also ensuring fairness, transparency and promptness. GONE is designed to reduce inaccuracies in approvals or denials of requests, minimize wait time for decision making, and consistent decision making based on guidelines.
This newest feature is one in the long line of product and feature launches by Paycom this year. Previously, the company launched Paycom Everyday and Client Action Center in August and June 2023, respectively.
Paycom Software, Inc. Price and Consensus
Paycom Software, Inc. price-consensus-chart | Paycom Software, Inc. Quote
Paycom Everyday enables employees to receive their pay daily without extra fees while helping employers streamline their payroll process through a unified system where employees operate their payroll.
On the other hand, the Client Action Center from Paycom is tailored for payroll administrators and includes an intuitive dashboard. This center offers immediate visibility into wire transfers, delivering real-time updates and valuable insights.
The introduction of GONE, alongside other product launches and Paycom’s wide range of offerings, will continue to assist the company in acquiring new customers. Nevertheless, the increasing competition within the HCM software market might create pricing pressures, impacting Paycom’s margins.
Furthermore, growing concerns about a recession alongside persistent macroeconomic challenges and geopolitical issues have led to significant headcount reductions across Paycom’s clientele. The scenario may affect the company’s business due to lower transaction volumes or loss of clients.
Zacks Rank & Stocks to Consider
Paycom currently carries a Zacks Rank #3 (Hold). Shares of PAYC have declined 40.1% year to date.
Some better-ranked stocks from the broader technology sector are NetEase (NTES - Free Report) , Bel Fuse (BELFB - Free Report) and Dropbox (DBX - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NetEase's fourth-quarter 2023 earnings has been revised upward by 10 cents to $1.83 per share in the past 30 days. For fiscal 2023, earnings estimates have increased 30 cents to $7.26 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 16.63%. Shares of NTES have gained 41.2% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has been revised by 38 cents northward to $1.44 per share in the past 60 days. For fiscal 2024, earnings estimates have increased 72 cents to $6.28 in the past 60 days.
BELFB’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 56.92%. Shares of BELFB have surged 67.1% year to date.
The Zacks Consensus Estimate for Dropbox's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 48 cents per share. For fiscal 2023, earnings estimates have been revised 7 cents upward to $1.96 per share in the past 30 days.
DBX’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 13.14%. Shares of DBX have gained 23.3% year to date.