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Paycom Software Inc - PAYC STOCK NEWS

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.

Company Overview

Paycom Software Inc (PAYC) is a prominent provider of cloud-based payroll and human capital management solutions geared toward mid-sized and large organizations. By leveraging a robust software-as-a-service (SaaS) model, Paycom offers an integrated suite that automates critical HR functions including payroll processing, time and attendance management, HR information systems (HRIS), talent acquisition, and talent management. The company distinguishes itself by combining advanced technology with personal payroll expertise, ensuring operational efficiency and compliance for its clients across diverse industries.

Business Model and Revenue Generation

At its core, Paycom operates on a subscription-based revenue model, offering its cloud-based services through a comprehensive, all-in-one application that streamlines payroll and other HR functions. This method allows businesses to replace traditional, siloed systems with a unified platform that reduces administrative burdens and improves data accuracy. The company charges subscription fees and service charges based on the scale and complexity of the client’s HR operations, which has enabled it to experience consistent growth in market share.

Comprehensive Product Suite

Paycom's extensive suite of tools goes beyond basic payroll processing. The platform includes modules for time and attendance tracking, HRIS, talent acquisition, HR management, and talent management. These tools are designed to work seamlessly together, providing immediate access to real-time data which supports strategic decision-making in human capital management. By integrating these functionalities, the company provides users with a dynamic, scalable solution that adapts to the evolving needs of modern businesses.

Technology, Innovation, and Integration

Innovation is at the heart of Paycom's operations. Utilizing the latest advances in cloud technology, the platform offers a secure, reliable, and user-friendly experience. The integration of automation with personalized support distinguishes its service offering, ensuring that complex HR processes become more manageable and cost-effective. With a focus on continuous improvement, Paycom consistently updates its software to incorporate new functionalities and ensure compliance with regulatory requirements, helping organizations mitigate risk and enhance operational agility.

Market Position and Competitive Landscape

Operating within the competitive human capital management industry, Paycom has established a significant market presence through its robust suite of payroll and HR tools. Its integrated, cloud-based system has set a new standard for HR technology by drastically reducing reliance on legacy software systems. Paycom’s approach enables enterprises to reallocate resources from routine administrative tasks to strategic initiatives, giving it a competitive edge in a crowded marketplace. The company faces industry peers who offer similar services, yet its focus on combining cutting-edge technology with personalized service continues to differentiate it from competitors.

Client Focus and Value Proposition

Paycom’s solutions are primarily tailored for organizations with a substantial workforce, typically ranging from mid-sized employers to larger enterprises. The company emphasizes a personalized approach to payroll services, allowing clients to overcome the operational constraints associated with traditional HR software. By providing a single platform for multiple HR functions, Paycom delivers significant long-term cost efficiencies and improved compliance. Its commitment to modernization and user-centric design ensures that businesses can streamline HR processes, minimize errors, and improve overall employee satisfaction.

Expertise, Experience, and Operational Excellence

With decades of experience in the industry, Paycom has fine-tuned its operations to meet the evolving challenges of human capital management. The company’s leadership in cloud-based payroll services is underscored by its continuous enhancements in software capabilities and support structures. Paycom’s professional approach incorporates detailed process automation and real-time analytics, which empower businesses to gain deep insights into their workforce dynamics. This dedication to operational excellence and continuous innovation has positioned Paycom as a reliable provider in the competitive landscape of HCM solutions.

Strategic Benefits and Industry Impact

The implementation of Paycom's integrated platform offers strategic benefits that extend beyond simple cost savings. Organizations are able to optimize HR workflows, ensure regulatory compliance, and boost overall productivity by leveraging the platform’s comprehensive features. Furthermore, the cloud-based delivery model enables seamless updates and scalability, ensuring that the system remains adaptable amid changing industry demands. Through a clear focus on efficiency and technological advancement, Paycom continues to shape the future of payroll and HR management while reinforcing its foundational expertise and trustworthiness.

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Paycom Software, Inc. (NYSE:PAYC) has announced an increase and extension of its stock repurchase plan, allowing for $300 million in repurchases from May 14, 2021, to May 13, 2023. This decision reflects Paycom's robust recurring revenue model and strong balance sheet. CEO Chad Richison emphasized the company's long-term growth prospects, noting only a 5% market share in its addressable market, with high demand for its innovative software. Shares may be repurchased in various ways at the Board's discretion, influenced by market conditions and corporate considerations.

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Paycom Software, Inc. (NYSE: PAYC) has announced that its Board of Directors rejected the resignation of Frederick C. Peters II, who faced more "withheld" votes than "for" votes during his election at the 2021 Annual Meeting. The nominating committee, after evaluating Peters' seven years on the Board, including his role as lead independent director, recommended retaining him, citing his financial expertise and valuable contributions. Consequently, Peters will continue his role as a Class II director and maintain his positions on various committees, reinforcing leadership continuity at Paycom.

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Paycom Software reported strong financial results for Q1 2021, with total revenues of $272.2 million, marking a 12.3% year-over-year increase. Recurring revenues constituted 98.4% of total revenues at $267.8 million. GAAP net income rose to $64.6 million ($1.11 per diluted share), an increase from $63.0 million ($1.08 per diluted share) in Q1 2020. Non-GAAP net income was $85.9 million ($1.47 per diluted share). As of March 31, Paycom maintained $215.1 million in cash, with total debt at $30.5 million. Guidance for Q2 suggests revenues between $231 million and $233 million.

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Paycom Software, Inc. (NYSE:PAYC) will announce its first-quarter results on May 4, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the financial results. A replay will be accessible from May 4 to May 11, 2021. Paycom is a leader in cloud-based human capital management software, offering solutions that cover the employment lifecycle from recruitment to retirement, serving clients across all 50 states.

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Paycom Software, Inc. (NYSE: PAYC) has appointed Holly Faurot as chief sales officer (CSO), effective April 2, 2021, succeeding Jeff York, who transitions to leadership strategist. Faurot, with 14 years at Paycom, has a proven sales track record and will oversee all sales efforts. CEO Chad Richison expressed confidence in Faurot's leadership abilities. York, with nearly 20 years at Paycom, will focus on developing future leaders. The leadership change aims to sustain sales momentum and improve client relations.

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Paycom Software, a leading provider of cloud-based human capital management software, will present virtually at the KeyBanc Emerging Technology Summit on February 24, 2021, at 1:50 p.m. Eastern Time. The event will feature a live webcast, and replays will be available for 90 days. Paycom's software solution offers a comprehensive system for managing the entire employment lifecycle, making it suitable for businesses of all sizes and industries across the U.S.

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Paycom Software, Inc. (NYSE: PAYC) reported financial results for Q4 and full year 2020, highlighting total revenues of $220.9 million, a 14.2% increase year-over-year, and full-year revenues of $841.4 million, up 14.1%. GAAP Net Income for Q4 was $24.4 million, down from $45.4 million in the previous year. The company maintained a strong recurring revenue stream, constituting 98.1% of total revenues. Looking ahead, Paycom anticipates revenues between $1.009 billion and $1.011 billion for 2021, aiming for significant growth in a self-service driven market.

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Paycom Software, a prominent provider of cloud-based human capital management software, is set to release its fourth quarter and full-year financial results for 2020 on February 10, 2021, after market close. The earnings call will occur at 5:00 p.m. Eastern Time on the same day. Investors can access the call via dial-in numbers or through a webcast at investors.paycom.com. A replay will be available until February 17, 2021. Paycom supports businesses nationwide with a comprehensive solution that streamlines the employment lifecycle.

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Paycom Software, Inc. (NYSE:PAYC) announced its participation in upcoming virtual investor events. The events include:

  • RBC Capital Markets Global Technology Conference on November 18, 2020, at 2:40 p.m. ET
  • Credit Suisse Annual Technology Conference on December 2, 2020, at 5:30 p.m. ET
  • Barclays Global Technology Conference on December 9, 2020, at 1:00 p.m. ET
A live webcast of the presentations will be available at investors.paycom.com. Paycom, based in Oklahoma City, offers cloud-based human capital management solutions for various business sizes.

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FAQ

What is the current stock price of Paycom Software (PAYC)?

The current stock price of Paycom Software (PAYC) is $220.9 as of April 1, 2025.

What is the market cap of Paycom Software (PAYC)?

The market cap of Paycom Software (PAYC) is approximately 12.7B.

What core services does Paycom Software Inc offer?

Paycom provides cloud-based payroll services and a full suite of human capital management tools, including HRIS, time and attendance, and talent management modules.

How does Paycom generate revenue through its business model?

The company operates on a subscription-based SaaS model, charging fees for its integrated payroll and HR solutions along with service charges tailored to each client’s needs.

What are the main benefits of using Paycom's payroll and HR solutions?

Clients benefit from automation, real-time data access, streamlined HR processes, and enhanced compliance, all of which reduce administrative burdens and support strategic decision-making.

How does Paycom differentiate itself within the competitive HCM industry?

By integrating advanced cloud technology with personalized payroll expertise, Paycom offers a comprehensive platform that bridges traditional HR systems with modern automation, providing scalability and efficiency.

What industries and client sizes does Paycom primarily serve?

Paycom targets mid-sized to large organizations across various industries, especially those with complex HR needs that benefit from a unified and scalable cloud-based solution.

How does Paycom ensure data security and compliance in its cloud-based platform?

The platform is designed with robust security protocols, frequent software updates, and adherence to regulatory standards to ensure that sensitive HR and payroll data is protected and compliant.

What role does technology innovation play in Paycom's services?

Innovation is central to Paycom's operations; its continual integration of automation, real-time analytics, and scalable cloud solutions ensures that clients receive cutting-edge tools to manage their HR processes effectively.

What should investors consider when comparing Paycom to its competitors?

Investors may note Paycom's integrated approach to payroll and HR management, its SaaS model, and its emphasis on technology and personalized expertise, all of which contribute to a differentiated market position.
Paycom Software Inc

NYSE:PAYC

PAYC Rankings

PAYC Stock Data

12.74B
50.47M
12.14%
87.43%
3.62%
Software - Application
Services-prepackaged Software
Link
United States
OKLAHOMA CITY