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 |
|---|---|---|---|
| 5/8/2025 | $215.00 → $244.00 | Market Perform | BMO Capital Markets |
| 3/10/2025 | $245.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 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 |
First Quarter Revenues of $531 million, up 6% year-over-year First Quarter GAAP Net Income of $139 million, representing 26% of total revenues, or $2.48 per diluted share First Quarter Non-GAAP Net Income of $158 million, or $2.80 per diluted share First Quarter Adjusted EBITDA of $253 million, representing 48% 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, 2025. "We delivered strong results in the first quarter, led by our differentiated approach to automation, strong sales execution and operational e
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 9, 2025, to all stockholders of record as of the close of business on May 27, 2025. About Paycom For over 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solut
Paycom Europe Limited, a subsidiary of Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, received authorization as a Payment Institution (PI) by the Central Bank of Ireland (CBI). This license presents future growth opportunities for Paycom across Europe. Paycom Europe Limited's status as a PI supports the expansion of Paycom's proprietary, single-database payroll software to Ireland as well as other European Economic Area (EEA) Member States, subject to the fulfillment of certain notification requirements. Only 26 companies hold this authorization from CBI. "This authorization underscores our commitment to up
The Professional Background Screening Association (PBSA®) Background Screening Credentialing Council (BSCC) announced today that Paycom has successfully demonstrated compliance with the Background Screening Organization Accreditation Program (BSOAP) and will now be formally recognized as BSCC-Accredited to the US Employment Screening Standard. "This achievement demonstrates we adhere to the industry's most stringent standards," said Matt Paque, chief legal officer at Paycom. "Paycom provides a truly single software, allowing clients to screen candidates or current employees without the need for separate systems." Each year, U.S. employers, organizations and governmental agencies request m
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 Mar. 31, 2025, after the market closes on May 7. 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: 423347 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (929) 458-6194 Replay Access Code: 729029 The conference call will also be webcast at investors.paycom.com. For those unable to participate, a replay will be available follo
Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, was named one of the Most Trustworthy Companies in America 2025 by Newsweek. This is Paycom's fourth consecutive year to receive this award. "This honor validates the success of our client-focused initiatives, and I'm pleased to see continued recognition of the trust we've built with those we serve," said Chad Richison, Paycom founder and CEO. The winners were determined through a comprehensive trust assessment involving three primary groups: customers, investors and employees. "Paycom has lived up to their promises," said a Paycom client from a real estate co
Craig Boelte retires Paycom Software, Inc. (NYSE:PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, announced today the promotion of Bob Foster to chief financial officer (CFO), effective Feb. 21, 2025. He succeeds Craig Boelte, who is retiring after leading Paycom's finance and accounting efforts for nearly 20 years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212524096/en/Paycom promotes Bob Foster to chief financial officer (Photo: Business Wire) "I am pleased with what Bob has accomplished in his time at Paycom, including advancing our growth strategy. His expertise
Full Year Revenues of $1,883 million, up 11% year-over-year Full Year GAAP Net Income of $502 million, representing 27% of total revenues, or $8.92 per diluted share Full Year Adjusted EBITDA of $775 million, representing 41% of total revenues Fourth Quarter Revenues of $494 million, up 14% 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, 2024. "Throughout the year we executed our plan of providing world-class service, solution automation and client ROI achievement, which empowered us to de
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 March 24, 2025, to all stockholders of record as of the close of business on March 10, 2025. About Paycom For over 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the fourth quarter and year-ended Dec. 31, 2024, after the market closes on Feb. 12. 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: 269198 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (929) 458-6194 Replay Access Code: 158310 The conference call will also be webcast at investors.paycom.com. For those unable to participate, a repla
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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BMO Capital Markets reiterated coverage of Paycom Software with a rating of Market Perform and set a new price target of $244.00 from $215.00 previously
KeyBanc Capital Markets upgraded Paycom Software from Sector Weight to Overweight and set a new price target of $245.00
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
First Quarter Revenues of $531 million, up 6% year-over-year First Quarter GAAP Net Income of $139 million, representing 26% of total revenues, or $2.48 per diluted share First Quarter Non-GAAP Net Income of $158 million, or $2.80 per diluted share First Quarter Adjusted EBITDA of $253 million, representing 48% 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, 2025. "We delivered strong results in the first quarter, led by our differentiated approach to automation, strong sales execution and operational e
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 9, 2025, to all stockholders of record as of the close of business on May 27, 2025. About Paycom For over 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solut
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 Mar. 31, 2025, after the market closes on May 7. 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: 423347 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (929) 458-6194 Replay Access Code: 729029 The conference call will also be webcast at investors.paycom.com. For those unable to participate, a replay will be available follo
Full Year Revenues of $1,883 million, up 11% year-over-year Full Year GAAP Net Income of $502 million, representing 27% of total revenues, or $8.92 per diluted share Full Year Adjusted EBITDA of $775 million, representing 41% of total revenues Fourth Quarter Revenues of $494 million, up 14% 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, 2024. "Throughout the year we executed our plan of providing world-class service, solution automation and client ROI achievement, which empowered us to de
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 March 24, 2025, to all stockholders of record as of the close of business on March 10, 2025. About Paycom For over 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full
Paycom Software, Inc. ("Paycom") (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the fourth quarter and year-ended Dec. 31, 2024, after the market closes on Feb. 12. 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: 269198 Replay #: +1 (866) 813-9403 Intl. Replay #: +1 (929) 458-6194 Replay Access Code: 158310 The conference call will also be webcast at investors.paycom.com. For those unable to participate, a repla
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