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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.

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Paycom Software, Inc. announced its financial results for Q2 2023, reporting revenues of $401 million, up 27% YoY. GAAP net income was $65 million, representing 16% of total revenues. Non-GAAP net income was $94 million, with adjusted EBITDA of $157 million. Paycom also provided financial guidance for Q3 and full year 2023.
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Paycom Software, Inc. will release its Q2 2023 results on Aug. 1 and hold a conference call to discuss the results. The conference call will be webcasted and a replay will be available for those unable to participate.
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FAQ

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

The current stock price of Paycom Software (PAYC) is $216.35 as of February 27, 2025.

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

The market cap of Paycom Software (PAYC) is approximately 12.3B.

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.
Paycom Software Inc

NYSE:PAYC

PAYC Rankings

PAYC Stock Data

12.30B
50.23M
11.65%
85.42%
3.91%
Software - Application
Services-prepackaged Software
Link
United States
OKLAHOMA CITY