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. (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.
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.
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.
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.
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.
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.
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.
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
Paycom Software, Inc. (NYSE:PAYC) will announce its third quarter earnings results for the period ending September 30, 2020, on November 4, 2020, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. Eastern time on the same day. Interested parties can join the call using the dial-in numbers provided or listen via a webcast on the company’s investor relations website. A replay of the call will be accessible until November 11, 2020.
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