Investors in Paycom Software, Inc. (PAYC) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $75 Call had some of the highest implied volatility of all equity options today. What do the Analysts Think? Clearly, options traders are pricing in a big move for Paycom Software shares, but what is the fundamental picture for the company? Currently, Paycom Software is a Zacks Rank #3 (Hold) in the Internet – Software industry that ranks in the Top ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-36393 Paycom Software, Inc. (Exact name of registrant as specified in its charter) Delaware 80-0957485 (State o ...

Paycom Software (PAYC) reported first-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate and improved year over year.The online payroll and human resource technology provider reported non-GAAP earnings of $2.59 per share in the first quarter, beating the Zacks Consensus Estimate of $2.43. The bottom line improved 5.28% from $2.46 per share reported in the year-ago quarter.Paycom reported revenues of $499.9 million, beating the consensus mark of $495.9 million. ...

Exhibit 99.1 Paycom Software, Inc. Reports First Quarter 2024 Results First Quarter Revenues of $500 million, up 11% from the comparable prior year period First Quarter GAAP Net Income of $247 million, representing 49% of total revenues, or $4.37 per diluted share First Quarter Non-GAAP Net Income of $147 million, or $2.59 per diluted share First Quarter Adjusted EBITDA of $230 million, representing 46% of total revenues OKLAHOMA CITY – May 1, 2024 – (BUSINESS WIRE) – Paycom Software, Inc. ("Paycom," "we" a ...

The most recent trading session ended with Paycom Software (PAYC) standing at $198.28, reflecting a -0.37% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.6%, and the Nasdaq, a tech-heavy index, added 0.11%.Prior to today's trading, shares of the maker of human-resources and payroll software had gained 7.72% over the past month. This has outpaced the Computer and Technology sector's gain of 2.99% and the S&P 500's gain of 3.32% i ...

The most recent trading session ended with Paycom Software (PAYC) standing at $191.34, reflecting a +0.93% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.89% for the day. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq increased by 1.25%.Shares of the maker of human-resources and payroll software have depreciated by 0.25% over the course of the past month, underperforming the Computer and Technology sector ...

In the latest trading session, Paycom Software (PAYC) closed at $188.25, marking a +0.75% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 0.54%.Heading into today, shares of the maker of human-resources and payroll software had lost 0.07% over the past month, lagging the Computer and Technology sector's gain of 2.36% and the S&P 500's gain of 3.18% in that time.The investment community will be pa ...

In today’s fast-changing global markets, tech firms face unique challenges, requiring them to rethink risk management strategies. However, as these entities grapple with multiple headwinds and the talk of a potential artificial intelligence (AI) bubble, discerning investors are contemplating which stocks to sell.Nevertheless, the pivotal contribution of tech stocks in the S&P 500’s breaching the landmark 5,000 level cannot be denied. The remarkable performance is primarily attributable to the AI boom, which ...

Paycom Software (PAYC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of human-resources and payroll software have returned -4.7%, compared to the Zacks S&P 500 composite's +4.7% change. During this period, the Zacks Internet - Software industry, which Paycom falls in, has gained 11.1%. The key question now is: What could be the stock's ...

Cybersecurity and Data Protection - The company faces significant cybersecurity risks, including potential breaches that could compromise sensitive client data and harm its reputation[111]. - The company’s cybersecurity insurance may be inadequate to cover potential losses from breaches, which could lead to significant liabilities[113]. - Compliance with privacy and data protection laws could result in increased costs and potential fines, impacting the company's financial condition and reputation[157]. - The regulatory framework for privacy issues is rapidly evolving, with numerous state-level consumer privacy laws enacted, including California's CCPA and Virginia's new privacy statute[154][156]. - The California Privacy Rights Act (CPRA) went into effect in 2023, expanding upon the CCPA, and new data privacy statutes are set to take effect in multiple states later this year[156]. Business Operations and Growth - The company operates three fully redundant data centers in Oklahoma and Texas, which are critical for providing its SaaS solutions[115]. - The company is experiencing rapid growth in headcount and operations, which has placed significant demands on management and resources[134]. - The company is expanding its operations internationally, which involves regulatory, economic, and political risks that differ from those in the United States[138]. - The company must continue to expand its sales force to grow its client base and revenues, which may be constrained by the availability of qualified personnel[135]. - The company may pursue acquisitions to enhance its applications and capabilities, but lacks experience in integrating acquired businesses, which could disrupt operations[149]. Competition and Market Position - The company competes with major players in the HCM software market, including Automatic Data Processing, Oracle, and Workday, which may exert pricing pressures[123]. - The company’s annual revenue retention rate is influenced by client satisfaction, pricing, and competition, with fluctuations expected due to various factors[125]. - The company’s ability to innovate and develop new applications is crucial for maintaining competitiveness in a rapidly evolving market[120]. - The company’s applications must continuously adapt to technological changes to remain marketable and competitive[119]. - The company may face challenges in attracting larger clients due to demands for customized features and longer sales cycles[129]. Financial Risks and Conditions - The company maintains a consolidated interest coverage ratio requirement of at least 3.0 to 1.0 and a leverage ratio not exceeding 3.5 to 1.0, which may restrict business operations and financing activities[179]. - The company’s dividend payments are subject to financial results and the availability of statutory surplus, which may lead to changes in its recently adopted dividend policy[194]. - Adverse economic conditions, such as increased unemployment and inflation, could negatively impact the company’s business and financial condition[196]. - The company collects and remits client funds to taxing authorities, and any loss of access to these funds could adversely impact its cash position and results of operations[197]. - A prolonged government shutdown may affect clients' ability to make timely payments, potentially impacting the company's operations and financial condition[198]. Legal and Regulatory Compliance - Changes in laws and regulations could materially affect the company's business, increasing costs and complicating the introduction of new applications[150]. - Regulatory scrutiny regarding anti-money laundering (AML) compliance could limit business activities and result in civil and criminal penalties[161]. - Compliance with employment-related laws and regulations could substantially increase the cost of doing business and expose the company to legal risks[167]. - The background check business is heavily regulated, with compliance costs potentially increasing due to evolving laws, which could adversely affect revenue and profitability[170]. - New "ban the box" and "fair chance" hiring laws may limit the use of criminal history in hiring decisions, impacting demand for background screening services[171]. Intellectual Property and Litigation - The company is dependent on its intellectual property for competitive advantage, and failure to protect these rights could impair its business[142]. - The company is subject to potential litigation regarding intellectual property infringement, which could result in costly legal battles and operational disruptions[144]. Financial Reporting and Accounting - Internal control over financial reporting is crucial; weaknesses could lead to material misstatements and loss of investor confidence[183]. - Changes in accounting principles could significantly affect reported financial results, impacting the interpretation of transactions[188]. - Future financial results may fluctuate significantly due to various uncontrollable factors, making it difficult to predict performance accurately[174]. Market and Investment Risks - The company’s investments are subject to market risk due to changes in interest rates, which may affect future investment income[324]. - A hypothetical increase or decrease in interest rates of 100 basis points would result in an approximately $19.2 million increase or decrease, respectively, in interest earned on funds held for clients over the ensuing 12-month period[325]. - An immediate increase in interest rates of 100 basis points would have resulted in a $0.5 million reduction in the aggregate market value of the company's fixed rate securities as of December 31, 2023[326]. - The company’s available-for-sale securities totaled $198.6 million, primarily consisting of U.S. treasury securities and certificates of deposit[323]. - As of December 31, 2023, the company recorded $51.9 million in goodwill and $50.1 million in other intangible assets, which may be subject to impairment charges affecting financial results[181].