Eagle and Beagle for Sunday, Aug. 17, 2014

Oklahoma Eagle and Beagle for Sunday, Aug. 17, 2014
Oklahoman Published: August 17, 2014
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Stocks

Eagle

Our eagle promises to take care of your payroll.

For those of you who own shares of the firm, it’s also taking care of your income — or at least it did last week.

Paycom Software, the Oklahoma City online payroll provider, went public earlier this year during a shaky period for IPOs, and the stock price stumbled a bit out of the gate (if I can mix my animal metaphors).

But last week, the stock suddenly found its footing. PAYC shares grew 24 percent over the past five days before closing at $16.84 on Friday.

Paycom’s most recent earnings report touted revenue growth, and the company continues to hire and expand — particularly at its home office next to the Kilpatrick Turnpike (home of the $4 subsidized lunch).

The stock is even approaching its all-time high of $17.92 set on that first day of trading back in May.

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by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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