Paycom Software is trading 7.7% down at $247.00 in after-hours trading after reporting third-quarter results on November 4. While the company beat analyst estimates with revenue of $544 million (up 10% year over year) and non-GAAP diluted EPS of $3.37, and also raised its full-year outlook, investor concerns over weak bookings momentum and a significant decline in new annual recurring revenue appear to have prompted the sell-off.