Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution provides a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking. Its HCM solution also offers payroll applications comprising payroll and tax management, Paycom pay, expense management, mileage tracker/fixed and variable rates, garnishment management, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, and Paycom learning, course content, and subscriptions, as well as my analytics, which offer employment predictor reporting. In addition, the company's HCM solution provides HR management applications comprising manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; COBRA administration; personnel action forms; surveys; and affordable care act applications. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.
IPO Year: 2014
Exchange: NYSE
Website: paycom.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2024 | Neutral | BTIG Research | |
| 1/5/2024 | $195.00 | Buy → Hold | Jefferies |
| 11/7/2023 | $235.00 | Buy | UBS |
| 11/2/2023 | $330.00 → $185.00 | Buy → Neutral | BofA Securities |
| 11/1/2023 | Buy → Hold | Needham | |
| 11/1/2023 | Outperform → Perform | Oppenheimer | |
| 11/1/2023 | Outperform → Mkt Perform | William Blair | |
| 11/1/2023 | $360.00 → $189.00 | Buy → Neutral | Citigroup |
| 11/1/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 11/1/2023 | $400.00 → $175.00 | Buy → Hold | Deutsche Bank |
Third Quarter Revenues of $452 million, up 11% from the comparable prior year period Third Quarter GAAP Net Income of $73 million, representing 16% of total revenues, or $1.31 per diluted share Third Quarter Non-GAAP Net Income of $93 million, or $1.67 per diluted share Third Quarter Adjusted EBITDA of $171 million, representing 38% of total revenues Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended September 30, 2024. "We posted solid third quarter results and continue to make significant progress toward full-solution automation,"
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on Dec. 9, 2024, to all stockholders of record as of the close of business on Nov. 25, 2024. About Paycom For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and fix
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the third quarter ended Sept. 30, 2024, after the market closes on Oct. 30. Paycom will also hold a conference call to discuss results at 5 p.m. (Eastern) that day. Dial-in #: +1 (833) 470-1428 Intl. Dial-In #: +1 (404) 975-4839 Access Code: 167182 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (929) 458-6194 Replay Access Code: 323948 The conference call will also be webcast at investors.paycom.com. For those unable to pa
Second Quarter Revenues of $438 million, up 9% from the comparable prior year period Second Quarter GAAP Net Income of $68 million, representing 16% of total revenues, or $1.20 per diluted share Second Quarter Non-GAAP Net Income of $92 million, or $1.62 per diluted share Second Quarter Adjusted EBITDA of $160 million, representing 36% of total revenues Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended June 30, 2024. "During the second quarter, our outside sales team delivered solid performance with robust new logo adds, as we
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on Sept. 9, 2024, to all stockholders of record as of the close of business on Aug. 26, 2024. About Paycom For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and f
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the second quarter ended June 30, 2024, after the market closes on July 31. Paycom will also hold a conference call to discuss results at 5 p.m. (Eastern) that day. Dial-in #: +1 (833) 470-1428 Intl. Dial-In #: +1 (404) 975-4839 Access Code: 399008 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (929) 458-6194 Replay Access Code: 368365 The conference call will also be webcast
First Quarter Revenues of $500 million, up 11% from the comparable prior year period First Quarter GAAP Net Income of $247 million, representing 49% of total revenues, or $4.37 per diluted share First Quarter Non-GAAP Net Income of $147 million, or $2.59 per diluted share First Quarter Adjusted EBITDA of $230 million, representing 46% of total revenues Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended March 31, 2024. "Led by Beti and our differentiated product strategy, we continue to deliver value to businesses that leverage H
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on June 10, 2024, to all stockholders of record as of the close of business on May 28, 2024. About Paycom For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and fi
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the first quarter ended March 31, 2024, after the market closes on May 1. Paycom will also hold a conference call to discuss results at 5 p.m. (Eastern) that day. Dial-in #: +1 (833) 470-1428 Intl. Dial-In #: +1 (404) 975-4839 Access Code: 420270 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (929) 458-6194 Replay Access Code: 192070 The conference call will also be webcast a
Full Year Revenues of $1,694 million, up 23% year-over-year Full Year GAAP Net Income of $341 million, representing 20% of total revenues, or $5.88 per diluted share Full Year Adjusted EBITDA of $719 million, representing 42% of total revenues Fourth Quarter Revenues of $435 million, up 17% year-over-year Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter and year ended December 31, 2023. "I am proud of the way we closed 2023 with better-than-expected results, capping a year of outstanding product innovation and employee engagement,"
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, received a BIG Innovation Award for its Time-Off Requests tool featuring GONE® from Business Intelligence Group. Paycom's GONE allows businesses to automate time-off decisions to best fit their needs using customizable decision criteria for time-off request approval and denial to ensure business continuity. This innovative feature simplifies the review process, decreases managerial decision fatigue and supports accurate and fair accounting and application of accruals. GONE has a projected return on investment of up to 821% over three years, according to a 2024
Chad Richison, Paycom founder, CEO and chairman, also listed among Best CEOs Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, ranked in the top 10 for Best Company Culture, Best Compensation and Best CEO in awards from Comparably, an employee review and salary platform. Paycom topped this year's rankings of Best Companies for Compensation and Best Company Culture as the No. 1 large company in both categories. Paycom founder, CEO and chairman Chad Richison also ranked No. 9 among Best CEOs. "Awards like these are especially impactful to Paycom because the recognition is based solely on feedback from our cu
As the leader of the No. 1 pass defense team in the country, The University of Texas at Austin's Jahdae Barron has been named the 2024 Paycom Jim Thorpe Award Winner. The announcement was made live tonight on The Home Depot College Football Awards on ESPN. Barron received the 2024 honor given to the top defensive back in college football based on performance on the field, athletic ability and character on behalf of the Oklahoma Sports Hall of Fame, Jim Thorpe Association and presenting sponsor Paycom. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241212595837/en/As the leader of the No. 1 pass defense team in the country, The U
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, today announced the appointment of Joe Binz to Paycom's board of directors, effective Dec. 10, 2024. Binz currently serves as chief financial officer at Atlassian, where he is responsible for its global finance organization and oversees the company's accounting, finance, internal audit, investor relations, tax, treasury and procurement teams. He has more than 30 years of financial leadership experience in the technology industry. Prior to joining Atlassian, Binz held management roles at Microsoft, where he led the company's finance functions and guided its bu
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that the company will present at the Barclays Global Technology Conference on Dec. 11 in San Francisco. Event Details: Barclays Global Technology Conference Date: Dec. 11 Time: 1:55 p.m. (Pacific) Location: San Francisco A live webcast of the presentation will be available at investors.paycom.com under the "Events" tab. Presentations may include forward-looking information. A webcast replay will be available for 90 days following the event. About Paycom For over 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses
Oklahoma Sports Hall of Fame (OSHOF) and Jim Thorpe Association is proud to release the finalists for the 2024 Paycom Jim Thorpe Award. This list includes the nation's three best defensive backs based on performance on the field, athletic ability and character. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126181418/en/Oklahoma Sports Hall of Fame (OSHOF) and Jim Thorpe Association is proud to release the finalists for the 2024 Paycom Jim Thorpe Award. (Graphic: Business Wire) Texas' Jahdae Barron, Ohio State's Caleb Downs and Georgia's Malaki Starks are the three defensive backs chosen as the 2024 finalists. This group of f
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, revealed findings by Forrester Consulting on the potential cost savings and benefits enabled by Paycom's Time-Off Requests featuring GONE®, which automates the historically undermanaged time-off request process. According to the Forrester study, a composite organization representative of interviewed Paycom clients received a projected return on investment of up to 821% over three years. Paycom's Time-Off Requests featuring GONE manages employee time-off requests through automated decision-making with configurable rules. The tool expedites time-off decision perio
Third Quarter Revenues of $452 million, up 11% from the comparable prior year period Third Quarter GAAP Net Income of $73 million, representing 16% of total revenues, or $1.31 per diluted share Third Quarter Non-GAAP Net Income of $93 million, or $1.67 per diluted share Third Quarter Adjusted EBITDA of $171 million, representing 38% of total revenues Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended September 30, 2024. "We posted solid third quarter results and continue to make significant progress toward full-solution automation,"
Today, Oklahoma Sports Hall of Fame (OSHOF) and Jim Thorpe Association released the Paycom Jim Thorpe Award semifinalists. This list includes 15 of the nation's best defensive backs, representing seven conferences and one independent university. The semifinalists are selected by a screening committee whose members compile a list of up to 15 players based on performance on the field, athletic ability and character. This list is not final, and unlisted players who continually have outstanding performances as the season progresses may be recognized as one of the three finalists. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202410298
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on Dec. 9, 2024, to all stockholders of record as of the close of business on Nov. 25, 2024. About Paycom For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and fix
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BTIG Research initiated coverage of Paycom Software with a rating of Neutral
Jefferies downgraded Paycom Software from Buy to Hold and set a new price target of $195.00
UBS initiated coverage of Paycom Software with a rating of Buy and set a new price target of $235.00
BofA Securities downgraded Paycom Software from Buy to Neutral and set a new price target of $185.00 from $330.00 previously
Needham downgraded Paycom Software from Buy to Hold
Oppenheimer downgraded Paycom Software from Outperform to Perform
William Blair downgraded Paycom Software from Outperform to Mkt Perform
Citigroup downgraded Paycom Software from Buy to Neutral and set a new price target of $189.00 from $360.00 previously
KeyBanc Capital Markets downgraded Paycom Software from Overweight to Sector Weight
Deutsche Bank downgraded Paycom Software from Buy to Hold and set a new price target of $175.00 from $400.00 previously
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8-K - Paycom Software, Inc. (0001590955) (Filer)
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8-K - Paycom Software, Inc. (0001590955) (Filer)
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8-K - Paycom Software, Inc. (0001590955) (Filer)
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, today announced the appointment of Joe Binz to Paycom's board of directors, effective Dec. 10, 2024. Binz currently serves as chief financial officer at Atlassian, where he is responsible for its global finance organization and oversees the company's accounting, finance, internal audit, investor relations, tax, treasury and procurement teams. He has more than 30 years of financial leadership experience in the technology industry. Prior to joining Atlassian, Binz held management roles at Microsoft, where he led the company's finance functions and guided its bu
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, today announced the appointment of Archana Vemulapalli to Paycom's board of directors, effective July 30, 2024. Vemulapalli has more than 23 years of technology leadership experience. She currently serves as corporate vice president of Global Commercial Sales and leads Global System Integrator/System Integrator alliances at Advanced Micro Devices ("AMD"). Prior to joining AMD, she held management roles at Amazon Web Services ("AWS"), where she served as head of Product and Global Strategy for data and AI and as general manager and head of Solutions Architecture
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, announced today the appointment of Steve Sturges to the role of chief marketing officer (CMO). "Steve brings three decades of experience in marketing, branding and advertising to our team. I'm excited to see him continue to elevate our innovative brand, engage our clients and drive further demand generation for our salesforce," said Paycom founder, chairman and CEO, Chad Richison. As Paycom's chief marketing officer, Sturges will lead strategy, development and execution across all marketing and communication functions, while driving lead-generation efforts an
Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive cloud-based human capital management software, today announced the appointment of Felicia Williams to Paycom's board of directors as a Class II director. Williams currently serves at Macy's, Inc., as senior vice president of finance and Fellow for CEO Action for Racial Equality. She brings more than 30 years of experience in audit and corporate financial leadership in the consumer goods and retail sectors. Williams served as interim chief financial officer at Macy's from June 2020 to November 2020. Since joining Macy's in 2004, Williams has served in various roles, including spearheading the company's internal audit, co
Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced the appointment of Sharen Jester Turney to Paycom's board of directors as a Class I director, replacing Janet Brutschea Haugen, who tendered her resignation. Turney, a retail executive with more than 30 years of experience, last served as CEO of Gloria Jeans, a large international retailer of fashion apparel, footwear, and accessories. She previously spent a combined 16 years as president and CEO of the Victoria's Secret brand and Victoria's Secret Direct. Prior to Victoria's Secret, Turney spent 10 years with Neiman Marcus, first serving as its executive v
OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom” or the “Company”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced the appointment of Holly Faurot to chief sales officer (“CSO”), effective April 2, 2021. She succeeds Jeff York, who has been named the Company’s leadership strategist and will continue reporting to chief executive officer Chad Richison. As CSO, Faurot, Paycom’s former senior executive vice president of sales and client relations, will oversee all of Paycom’s sales efforts, while York will continue to assist the business as the Company’s leadership strategist. “I am excited to see Holly
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