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, Inc. (PAYC) reported a 25.4% increase in full year revenues, totaling $1,055.5 million, with a record annual revenue retention rate of 94%. The GAAP net income reached $196.0 million, or $3.37 per diluted share. Fourth quarter revenues also grew 29.0% year-over-year, amounting to $285.0 million. The company anticipates first quarter revenues between $342 million and $344 million and expects full year revenues of $1.314 billion to $1.316 billion for 2022.
Paycom Software, a leader in cloud-based human capital management, will announce its fourth quarter and full year 2021 results on February 8, after market close. The company will conduct a conference call at 5 p.m. ET the same day to discuss these results, providing investors an opportunity for Q&A. Paycom's software streamlines the entire employment lifecycle, catering to businesses of all sizes across various industries. Its ability to adapt to changing market needs positions it as a prominent player in the HR technology sector.
Paycom Software, Inc. (NYSE:PAYC), a leader in cloud-based human capital management software, will present virtually at the Barclays Global Technology, Media and Telecommunications Conference on December 7 at 3 p.m. Eastern. A live webcast will be available on their investor site, with a replay accessible for 90 days. Paycom's innovative software enables companies to manage the entire employment life cycle, from recruitment to retirement, serving businesses of all sizes across the U.S.
The Oklahoma Sports Hall of Fame announced three finalists for the 2021 Paycom Jim Thorpe Award, recognizing the best defensive back in college football. The finalists are Coby Bryant (University of Cincinnati), Verone McKinley III (University of Oregon), and Jalen Pitre (Baylor University). The award is evaluated based on performance, athletic ability, and character. The winner will be revealed on Dec. 9 during The Home Depot College Football Awards. The Paycom Jim Thorpe Award has been sponsored since May 2017 by Paycom Software.
Paycom Software, Inc. (NYSE: PAYC) reported impressive Q3 2021 results with revenues of $256.2 million, a 30.4% increase from the prior year. GAAP net income reached $30.4 million or $0.52 per diluted share, while non-GAAP net income was $53.6 million, or $0.92 per diluted share. Adjusted EBITDA stood at $89.7 million, representing 35.0% of total revenues. The company reported cash and cash equivalents of $230.9 million and reduced net debt to $29.6 million. Guidance for Q4 projects revenues between $274.5 million and $276.5 million.
Oklahoma Sports Hall of Fame announced the 12 semifinalists for the 2021 Paycom Jim Thorpe Award, honoring the best defensive back in college football. The award is based on performance, athletic ability, and character. Semifinalists represent six conferences and will be re-evaluated as the season progresses. The finalists will be announced on Nov. 23, with the winner revealed on Dec. 9 during The Home Depot College Football Awards Show. This prestigious award, established in 1986, is sponsored by Paycom Software, symbolized by its commitment to excellence in sports.
Paycom Software, Inc. (NYSE:PAYC) will announce its third-quarter results for the period ending September 30, 2021, on November 2, 2021, after market close. A conference call is scheduled for 5 p.m. ET the same day to discuss these results. Investors can access the call via dial-in or through a webcast at investors.paycom.com. A replay will be available from November 2 to November 9, 2021.
Paycom is a leader in cloud-based human capital management software, providing a comprehensive platform for managing the employment life cycle.
Paycom Software, Inc. (NYSE:PAYC) has been awarded the 2021 Top HR Product title for its innovative product, Beti, by Human Resource Executive magazine at the HR Technology Conference. This recognition marks Paycom's third consecutive year receiving honors for its technology solutions. Beti allows employees to manage their own payroll, enhancing accuracy and reducing costly corrections. By empowering employees to oversee their payroll data, Paycom aims to improve overall HR efficiency and employee satisfaction.
Paycom Software, Inc. (NYSE: PAYC) has appointed Sharen Jester Turney to its board of directors as a Class I director, succeeding Janet Brutschea Haugen. Turney, with over 30 years of experience, is recognized for her leadership roles at Gloria Jeans and Victoria’s Secret. Her appointment, effective Sept. 28, 2021, is expected to enhance Paycom's strategic direction, particularly in technology adoption. Turney’s background in ecommerce aligns with Paycom’s innovation-driven ethos. The company is poised for growth, leveraging its unique offerings to redefine human capital management in the evolving business landscape.
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