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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 Software, Inc. Announces Fourth Quarter and Year-End 2023 Earnings Release Date and Conference Call

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Paycom Software, Inc. will release its Q4 and year-end 2023 results on Feb. 7, followed by a conference call to discuss the results. The company is a leading provider of cloud-based human capital management software.
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Paycom Releases DDX Update Based on Latest EY Findings

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Paycom Software, Inc. (NYSE:PAYC) announced updated cost estimates of data entry and HR tasks within its usage management analytics tool, Direct Data Exchange® (DDX™). The average cost of a single manual data entry made by an HR professional increased from $4.70 to $4.78, according to findings by Ernst & Young (EY). Paycom's DDX provides insights into efficiencies gained through employee usage of HR technology and offers a real-time estimated return on investment based on EY's research. The study also includes consideration for manual payroll tasks completed by HR professionals, with the average cost of a single manual data entry rising to $5.35 when payroll tasks are included. EY's research shows that the cost per HR task has continued to increase across every category of HR data since the original survey launched in 2018.
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Air Force';s Trey Taylor Named 2023 Paycom Jim Thorpe Award Winner

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Trey Taylor, a player from the United States Air Force Academy Falcons, has been named the 2023 Paycom Jim Thorpe Award Winner. He is the first-ever Thorpe Award recipient from Air Force and only the second Falcon to win a major college football award. Taylor led overall ballots as a 47% first place vote favorite with an average rank winning by only .12 to the runner-up in the nationwide voting. A First-Team All-MW selection at safety, Taylor contributed 71 tackles, three interceptions, 4 PBUs and a first-career touchdown and recorded TFLs in four games in his best season yet for the Falcons. Taylor proved to be a leader for the Falcons by also being honored with this year’s Defender of the Nation Award, given to a college football player from one of the nation’s service academies based on exceptional leadership qualities, performance on and off the field, and a high standard of integrity.
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Paycom Launches GONE, Automating Time-Off Request Decisions

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Paycom Software, Inc. (NYSE:PAYC) announced the launch of its new feature, GONE™, designed to automate time-off decisions for businesses. GONE uses a customizable decision engine to facilitate time-off approval and denial, helping businesses standardize time-off management and eliminate manual processes. The feature aims to ensure fairness, timeliness, and regulatory compliance, reducing staffing shortages, payroll inaccuracies, and workplace culture impact. According to a study, manual time-off reviews or approvals can cost a company an average of $11.22 in labor, but GONE vastly reduces this expense and time-consuming organizational tasks for managers and directors.
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Oklahoma Sports Hall of Fame and Jim Thorpe Association Proudly Reveal the Paycom Jim Thorpe Award 2023 Finalists

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Oklahoma Sports Hall of Fame and Jim Thorpe Association announce the finalists for the 2023 Paycom Jim Thorpe Award. The three finalists are Cooper DeJean from Iowa, Malaki Starks from Georgia, and Trey Taylor from Air Force. The award recipient will be announced on The Home Depot College Football Awards on December 8. The official presentation of the award will take place at the Paycom Jim Thorpe Award Banquet on February 6, 2024, in Oklahoma City.
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Paycom to Present at the Barclays Global Technology Conference

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Paycom Software, a leading provider of cloud-based human capital management software, will present at the Barclays Global Technology Conference on Dec. 6 in San Francisco. The event details include the date, time, and location, with a live webcast and a 90-day replay available on the company's investor website.
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Paycom Expands Employee-Guided Payroll into Mexico

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Paycom Software, Inc. (NYSE:PAYC) Announces Expansion of Payroll Solution into Mexico, Introducing Beti® for Employee-Guided Payroll Experience
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Paycom Software, Inc. Reports Third Quarter 2023 Results

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Paycom Software, Inc. reported strong financial results for Q3 2023, with total revenues of $406.3 million, a 21.6% increase YoY. GAAP net income was $75.2 million, representing a 43.9% increase YoY. Non-GAAP net income was $102.4 million, a 39.5% increase YoY. Adjusted EBITDA was $165.6 million, a 31.5% increase YoY. Paycom also provided financial guidance for Q4 2023 and the full year 2023.
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Oklahoma Sports Hall of Fame and Jim Thorpe Association Proudly Reveal the Paycom Jim Thorpe Award 2023 Semifinalist

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The Paycom Jim Thorpe Award semifinalists have been announced by the Oklahoma Sports Hall of Fame and Jim Thorpe Association. The list includes 15 of the nation's best defensive backs from various conferences and one independent university. The semifinalists were selected based on performance, athletic ability, and character. The finalists will be chosen later, and the winner will be announced on November 28th.
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Paycom Announces Quarterly Cash Dividend

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Paycom Software, Inc. (NYSE:PAYC) has declared a cash dividend of $0.375 per share of common stock. The dividend will be paid on December 11, 2023, to stockholders of record as of November 27, 2023.
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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