The latest trading session saw Paycom Software (PAYC) ending at $203.02, denoting a -0.55% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.15%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.09%.Shares of the maker of human-resources and payroll software witnessed a gain of 7.88% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.19% and the S&P 500's gain of 3.5%.Market partici ...

In this video, I will talk about Paycom (PAYC 0.95%), which is down 50% since last year's high, explain why that happened, and why there might still be a bright future for the company and stock.*Stock prices used were from the trading day of Jan. 5, 2024. The video was published on Jan. 8, 2024. ...

Paycom Software (PAYC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this maker of human-resources and payroll software have returned +4.8%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Internet - Software industry, which Paycom falls in, has gained 3%. The key question now is: What could be ...

Paycom Software (PAYC 0.35%) has been a perennial wealth creator. The cloud-based payroll-software provider has delivered a staggering 30% annualized return since its initial public offering (IPO) in 2014 (1,170% overall). That has absolutely pulverized the S&P 500's return (155% or 10.1% annualized). However, Paycom stock has fallen on hard times this year. Shares have lost one-third of their value over the past year and plunged 45% from their 52-week high. That has been an abysmal performance compared to ...

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 September 30, 2023 ☐ 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 ...

Paycom Software, Inc. (NYSE:PAYC) Q3 2023 Earnings Conference Call October 31, 2023 5:00 PM ET Company Participants James Samford - Head of IR Chad Richison - President and CEO Craig Boelte - CFO Conference Call Participants Raimo Lenschow - Barclays Samad Samana - Jefferies Brad Reback - Stifel Mark Marcon - Baird Ari Friedman - Oppenheimer Joshua Reilly - Needham Steve Enders - Citi Siti Panigrahi - Mizuho Bryan Bergin - TD Cowen Jason Celino - KeyBanc Arvind Ramnani - Piper Bhavin Shah - Deutsche Bank Ro ...

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 June 30, 2023 ☐ 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 or ot ...

Paycom Software, Inc. (NYSE:PAYC) Q2 2023 Earnings Call August 1, 2023 5:00 PM ET Company Participants James Samford - Head of Investor Relations Chad Richison - President and Chief Executive Officer Craig E. Boelte - Chief Financial Officer Conference Call Participants Raimo Lenschow - Barclays Samad Samana - Jefferies Brad Reback - Stifel Mark Marcon - Baird Joshua Reilly - Needham Steve Enders - Citi Siti Panigrahi - Mizuho Bryan Bergin - TD Cowen Bhavin Shah - Deutsche Bank Daniel Jester - BMO Robert Si ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) Delaware 80-0957485 (State or other jurisdiction of incorporation or organization) 7501 W. Memorial Road Oklahoma City, Oklahoma 73142 (Address of principal executive offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION ...

Financial Data and Key Metrics - Q1 2023 revenue was $451.6 million, up 27.8% YoY [26] - Non-GAAP net income for Q1 2023 was $142.7 million, or $2.46 per diluted share, up 28.9% YoY [27] - Recurring revenue was $444.4 million, representing 98.4% of total revenue, growing 27.6% YoY [27] - Adjusted EBITDA for Q1 2023 was $220.5 million, or 48.8% of total revenue, compared to $170.1 million in Q1 2022 [42] - Cash and cash equivalents stood at $506 million, with total debt of $29 million [29] - Cash from operations increased by 24.6% to $146.1 million in Q1 2023 [29] - Average daily balance of client funds was $2.4 billion, up 10% YoY [29] Business Line Performance - BETI (Employee Self-Service Payroll) continues to drive strong client additions and is a key differentiator in the market [24] - Large organizations benefit from the single database solution, with 5% of the TAM currently addressed [25] - Global HCM product has expanded the TAM by 50%, with plans to roll out BETI internationally [25][50] Market Performance - The company is experiencing rapid growth at the upper end of its target market range [25] - Global HCM product is now available in 180 countries and 15 languages, targeting multinational clients [50][51] Company Strategy and Industry Competition - The company is focused on expanding its global footprint, with plans to build native payroll solutions in key international markets [50][51] - BETI is being developed for international markets, with 16-20 countries representing over 80% of the opportunity being prioritized [119] - The company is investing in R&D, with adjusted R&D costs of $55.2 million in Q1 2023, up from $42.9 million in the prior year [28] - The company is also investing in marketing, with adjusted sales and marketing expenses of $98.1 million in Q1 2023 [43] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the company's ability to continue delivering rapid organic revenue growth, high profit margins, and attractive cash flows [47] - The company is well-positioned to exceed its initial outlook for a solid Rule of 65 [39] - Management highlighted the strong demand for HCM solutions and the accelerating industry transformation to more efficient payroll processes [24] Other Important Information - The company announced a quarterly dividend program, with an annual rate of $1.50 per share, reflecting confidence in long-term growth opportunities [31][47] - The company has a $1.1 billion buyback authorization still in place, having returned nearly $600 million to stockholders through buybacks since 2016 [31] Q&A Session Summary Question: Global Initiative and Strategy - The company is expanding its global presence, with Global HCM now available in 180 countries and 15 languages [50][51] - BETI will be rolled out internationally, requiring operations in certain countries to process payroll [51] Question: M&A and Capital Allocation - The company is open to acquisitions, particularly for building out the payroll side internationally [53] - The dividend and buyback strategy will be balanced, with $1.1 billion still available for buybacks [131] Question: Sales and Marketing Expenses - Sales and marketing expenses increased significantly in Q1 2023 due to aggressive marketing campaigns and headcount additions [54][74] Question: Economic Outlook and Hiring - The company is seeing easier hiring conditions, especially for technical talent, compared to a tighter labor market a year ago [75] Question: Retention and Client Base - Retention rates remain strong, particularly for clients using BETI, with a retention rate better than 99% for BETI users [93] Question: Global HCM Impact on Margins - Global HCM is expected to have a similar margin profile to current clients, with some R&D costs associated with its development [64] Question: BETI Rollout and International Expansion - BETI will be rolled out in 16-20 key countries first, representing over 80% of the opportunity [119] - The company is building native payroll solutions in these countries, rather than relying on existing payroll systems [86] Question: Competitive Dynamics and Win Rates - The company is seeing strong win rates against legacy players, particularly with the value proposition of BETI [97] Question: Free Cash Flow and BETI Penetration - Free cash flow was strong in Q1 2023, with BETI penetration expected to drive further efficiency gains [171] Question: Tax Forms and Revenue Growth - Tax forms revenue is growing at a slower rate compared to other revenue streams, becoming a smaller portion of overall revenue [153] Question: Global HCM Adoption and Feedback - Some clients are already piloting Global HCM, with more expected to adopt it throughout the year [160] Question: Dividend Policy - The dividend is currently set at $1.50 annually, with potential adjustments in the future based on performance [174]