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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.

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.

News

Paycom Named Among Most Trustworthy Companies in America by Newsweek

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Paycom Software, Inc. (NYSE: PAYC) has been recognized by Newsweek as one of the nation's most trustworthy companies for the third consecutive year. The company's comprehensive, cloud-based human capital management software has earned the trust of customers, investors, and employees. This recognition highlights the value Paycom provides to businesses and the confidence stakeholders have in its software.
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Paycom and Its Employees Give Millions to Nonprofits in 2023

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Paycom Software, Inc. (PAYC) releases its 2023 Corporate Social Responsibility report, showcasing over $2.3 million in donations to 350+ organizations across 37 states. The company's commitment to community impact and diverse causes is highlighted, including support for child advocacy, education, food security, cultural preservation, and veterans' programs.
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Paycom Promotes Amy Walker to Lead Sales

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Paycom Software, Inc. (PAYC) appoints Amy Walker as Executive Vice President of Sales to oversee emerging markets and client relations, replacing Holly Faurot. Walker, a 14-year veteran, aims to drive growth and long-term stockholder value with her impressive track record in sales.
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Paycom Wins 2024 Gallup Exceptional Workplace Award

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Paycom Software, Inc. (PAYC) receives the Gallup Exceptional Workplace Award for the second year, standing out among 60 global organizations for employee engagement. The award highlights Paycom's commitment to employee well-being, professional development, and a supportive workplace culture.
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Paycom Expands Automated Payroll With Beti Into the United Kingdom

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Paycom Software, Inc. (NYSE:PAYC) is expanding its product offerings and geographic reach into the United Kingdom, marking its first international expansion outside North America. The company will introduce Beti®, a solution that allows employees to manage their own payroll. This move is part of Paycom's strategic plan to enter new international markets in 2024, following its successful entry into the U.K. in 2023.
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Paycom Software, Inc. Reports Fourth Quarter and Year-End 2023 Results

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Paycom Software, Inc. announced full year revenues of $1,694 million, up 23% year-over-year, with a full year GAAP net income of $341 million. Fourth quarter revenues were $435 million, up 17% year-over-year. Paycom also provided expected financial guidance for the quarter ending March 31, 2024 and the year ending December 31, 2024.
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Chris Thomas Promoted to Paycom Co-CEO with Chad Richison

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Paycom Software, Inc. (PAYC) announced the promotion of Chris Thomas to the role of Co-CEO, effective today. Thomas will serve as Co-CEO with Paycom’s founder, President, and Chairman, Chad Richison. Thomas has been with Paycom since 2018 and has held various leadership roles. Richison expressed extreme confidence in Thomas and his ability to lead the company. Paycom has seen significant growth and innovation under Richison's leadership, and the company remains committed to delivering the best customer service and innovation in the industry.
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Paycom Announces Quarterly Cash Dividend

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Paycom Software, Inc. (PAYC) declared a cash dividend of $0.375 per share of common stock, to be paid on March 18, 2024, to stockholders of record as of March 4, 2024.
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Paycom Appoints Steve Sturges as Chief Marketing Officer

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Paycom Software, Inc. (PAYC) has appointed Steve Sturges as its new Chief Marketing Officer (CMO), bringing three decades of marketing, branding, and advertising experience. Sturges will lead strategy, development, and execution across all marketing and communication functions, driving lead-generation efforts and enhancing Paycom’s brand equity for stakeholders.
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New Study Further Demonstrates Value of Paycom’s Beti Payroll Solution

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Paycom Software, Inc. (NYSE:PAYC) announced findings by Nucleus Research on the value organizations derive from the use of Paycom’s Beti®, an industry-first payroll experience that empowers employees to do their own payroll. The study revealed that organizations were able to reduce payroll corrections by more than 80% and in some cases eliminate errors entirely upon implementation of the feature. The study also found three typical benefit areas stemming from Paycom’s single HR software featuring Beti, including reduced errors, increased payroll productivity, and improved employee engagement. Organizations using Beti experienced up to 100% of their end-users engaging with the system regularly. Paycom’s payroll solution allowed clients to reduce time spent processing payroll by upward of 90%. The study was commissioned in December 2023 to assess the value driven by the use of Beti with Paycom’s existing payroll capabilities.
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FAQ

What is the current stock price of PAYCOM SOFTWARE (PAYC)?

The current stock price of PAYCOM SOFTWARE (PAYC) is $207.23 as of December 20, 2024.

What is the market cap of PAYCOM SOFTWARE (PAYC)?

The market cap of PAYCOM SOFTWARE (PAYC) is approximately 12.0B.

What services does Paycom Software, Inc. provide?

Paycom provides cloud-based human capital management (HCM) solutions, including payroll processing, time and attendance tracking, talent acquisition, HR management, and talent management.

When was Paycom Software, Inc. founded?

Paycom was founded in 1998.

How many clients does Paycom serve?

As of 2023, Paycom serves approximately 19,500 clients across the United States.

What is the target client size for Paycom's services?

Paycom primarily targets clients with 50 to 10,000 employees.

Where is Paycom Software, Inc. headquartered?

Paycom is headquartered in Oklahoma City, Oklahoma.

What makes Paycom's technology unique?

Paycom's technology integrates all HR processes into a single online application, providing a seamless and efficient experience for businesses.

How many sales teams does Paycom have?

Paycom has 36 sales teams across the United States.

What recent achievements has Paycom made?

Recent achievements include the launch of new features and enhancements to further automate and integrate HR processes.

Why is Paycom considered a fast-growing company?

Paycom is growing rapidly due to its innovative technology, excellent customer service, and ability to attract and retain a large client base.

What strategic partnerships has Paycom formed?

Paycom forms strategic partnerships to expand its offerings and market reach, staying ahead in a competitive landscape.

Stock PAYC logo
PAYCOM SOFTWARE, INC.

NYSE:PAYC

PAYC Rankings

#759 Ranked by Market Cap
#1936 Ranked by Dividends

PAYC Stock Data

12.02B
50.94M
11.66%
85.12%
3.47%
Software - Application
Services-prepackaged Software
Link
United States of America
OKLAHOMA CITY