Paycom Software rises after quarterly results beat

Shares of payroll processor Paycom Software PAYC.N rise as much as 9.2% to over-a-year high of $250.55 in afternoon trading

PAYC late on Wednesday reported quarterly revenue of $530.5 million, surpassing analysts' estimate $525 million, according to data compiled by LSEG

Company's Q1 adj earnings came in at $2.80 per share, compared with $2.59 per share a year ago, on steady demand for payroll services

It expects 2025 revenue in the range of $2.023 billion to $2.038 billion, while analysts estimate $2.02 billion

Including session's moves, stock up 21.7% YTD