Welcome to our dedicated page for PAYCOM SOFTWARE news (Ticker: PAYC), a resource for investors and traders seeking the latest updates and insights on PAYCOM SOFTWARE stock.
Paycom Software, Inc. (NYSE:PAYC) is a leading provider of cloud-based human capital management (HCM) technology, revolutionizing payroll and HR processes for businesses across the United States. Founded in 1998, Paycom has been at the forefront of online payroll innovation, offering comprehensive software-as-a-service (SaaS) solutions that liberate companies from traditional software constraints.
Headquartered in Oklahoma City, Paycom serves approximately 19,500 clients with employee counts ranging from 50 to 10,000. The company's core offering includes a robust payroll processing system seamlessly integrated with a wide array of HCM tools. These tools encompass time and attendance tracking, talent acquisition, HR management, and talent management, all within a single, easy-to-use online application.
Paycom's technology is designed to streamline and simplify complex HR tasks, improving efficiency and accuracy for businesses of all sizes. The company's growth trajectory has been impressive, fueled by its commitment to providing cutting-edge technology and superior customer service. With 36 sales teams spread across the country, Paycom has a significant presence in all 50 states, enabling it to cater to diverse business needs.
Recent achievements include the launch of new features and enhancements that further integrate and automate HR processes. Paycom is well-positioned for continued growth, thanks to its focus on innovation and customer satisfaction. The company's financial performance has been strong, reflecting its ability to attract and retain a growing client base.
In addition to its core business, Paycom actively forms strategic partnerships and collaborations to expand its offerings and market reach. These partnerships enable Paycom to stay ahead in a competitive landscape and continually deliver value to its customers.
Overall, Paycom Software, Inc. stands as a beacon of innovation in the HCM industry, helping businesses navigate the complexities of payroll and HR management with ease and efficiency.
Paycom Software (NYSE: PAYC) has achieved top rankings in Comparably's corporate awards, securing the No. 1 position among large companies for both Best Company Culture and Best Compensation. Additionally, founder and CEO Chad Richison ranked No. 9 in the Best CEOs category.
The company offers comprehensive benefits including $1-per-pay-period individual health insurance, 401(k) matching, paid family leave, $50,000 basic life insurance, and pet insurance. These rankings are based on anonymous employee feedback collected over a 12-month period, evaluating 16 core culture metrics across compensation, career growth, leadership, and work environment categories.
Paycom has also received multiple other Comparably accolades this year, including Best Work-Life Balance, Best Perks & Benefits, Best Company Happiness, Best Company for Career Growth, Best Company Leadership, Best Company Outlook, and Best Sales Team.
Jahdae Barron from The University of Texas at Austin has been named the 2024 Paycom Jim Thorpe Award Winner, recognizing him as the top defensive back in college football. As the leader of the nation's #1 pass defense team, Barron recorded 4 interceptions and 41 tackles in the 2024 regular season. He is the third Longhorns recipient and the first representing the SEC, following Texas's move to the conference in 2024.
Barron secured an impressive 65% of first-place votes nationwide. He demonstrated versatility by playing four positions in the Longhorns backfield and contributed to a defense that ranked top in preventing explosive plays. The award ceremony will take place at the 39th Annual Paycom Jim Thorpe Award Banquet in Oklahoma City on February 4, 2025.
Paycom Software (NYSE: PAYC) has appointed Joe Binz to its board of directors, effective Dec. 10, 2024. Binz, currently serving as CFO at Atlassian, brings over 30 years of financial leadership experience in the technology industry. His background includes significant roles at Microsoft, where he led finance functions and guided cloud transformation, and Intel , where he supported manufacturing operations, product groups, and Intel Capital.
Binz holds a BS in Finance from the University of Illinois Urbana-Champaign and an MBA from the University of Michigan's Ross School of Business. In his current role at Atlassian, he oversees the global finance organization, including accounting, finance, internal audit, investor relations, tax, treasury, and procurement teams.
Paycom Software (NYSE: PAYC), a provider of cloud-based human capital management software, announced its participation in the Barclays Global Technology Conference. The presentation is scheduled for December 11 at 1:55 p.m. Pacific Time in San Francisco. Interested parties can access a live webcast of the presentation through the 'Events' tab on Paycom's investor relations website at investors.paycom.com.
The Oklahoma Sports Hall of Fame has announced the three finalists for the 2024 Paycom Jim Thorpe Award, which recognizes the nation's best defensive backs. The finalists are: Texas cornerback Jahdae Barron (41 tackles, 4 interceptions), Ohio State safety Caleb Downs (51 tackles, 6.5 TFLs), and Georgia safety Malaki Starks (55 tackles, 1 interception). The winner will be announced on The Home Depot College Football Awards on December 12, with the official award presentation taking place in Oklahoma City on February 4, 2025. A fan vote will run from November 26 to December 6, contributing one vote to the final selection.
Paycom Software (NYSE: PAYC) released a Forrester Consulting study highlighting the benefits of their Time-Off Requests featuring GONE® automation tool. The study projects an 821% ROI over three years for a composite organization using the system. Key benefits include saving managers nearly one workweek annually, HR staff almost five workweeks, and up to six workweeks of avoided overtime through improved staffing. The automated system manages employee time-off requests through configurable rules, reducing bias and expediting decisions while ensuring compliance with company policies.
Paycom Software reported Q3 2024 financial results with revenues of $451.9 million, up 11.2% year-over-year. Recurring revenues increased 11.6% to $445.0 million, representing 98.5% of total revenues. GAAP Net Income was $73.3 million ($1.31 per diluted share), compared to $75.2 million in Q3 2023. Adjusted EBITDA reached $171.3 million. The company maintains zero debt and holds cash and equivalents of $325.8 million. For Q4 2024, Paycom expects revenues between $477-484 million and full-year 2024 revenues of $1.866-1.873 billion.
Oklahoma Sports Hall of Fame and Jim Thorpe Association have announced the 15 semifinalists for the 2024 Paycom Jim Thorpe Award, representing seven conferences and one independent university. The award recognizes the best defensive back in college football based on field performance, athletic ability, and character. The selection process includes a screening committee that will choose three finalists, to be announced on November 26. The winner will be revealed during The Home Depot College Football Awards on December 12, with the official award presentation scheduled for February 4, 2025, in Oklahoma City.
Paycom Software (NYSE: PAYC) has announced a quarterly cash dividend of $0.375 per share of common stock. The dividend will be paid on December 9, 2024, to stockholders of record at the close of business on November 25, 2024. Paycom is a leading provider of comprehensive, cloud-based human capital management software.
Paycom Software, Inc. (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, has announced its upcoming third quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ended Sept. 30, 2024, after the market closes on Oct. 30. A conference call to discuss the results is scheduled for 5 p.m. Eastern on the same day.
Interested parties can join the call using the provided dial-in numbers and access code. For those unable to participate, a replay will be available from Oct. 30 through Nov. 6. Additionally, a web-based archive of the conference call will be accessible on the company's investor relations website.
FAQ
What is the current stock price of PAYCOM SOFTWARE (PAYC)?
What is the market cap of PAYCOM SOFTWARE (PAYC)?
What services does Paycom Software, Inc. provide?
When was Paycom Software, Inc. founded?
How many clients does Paycom serve?
What is the target client size for Paycom's services?
Where is Paycom Software, Inc. headquartered?
What makes Paycom's technology unique?
How many sales teams does Paycom have?
What recent achievements has Paycom made?
Why is Paycom considered a fast-growing company?
What strategic partnerships has Paycom formed?
