Paycom Software, Inc. provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking. Its HCM solution also provides payroll applications comprising payroll and tax management, Paycom pay, expense management, garnishment management, and GL Concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, executive dashboard, and Paycom learning and course content. In addition, the company's HCM solution offers HR management applications, which comprise document and task management, government and compliance, benefits administration/benefits to carrier, COBRA administration, personnel action forms, surveys, and affordable care act applications. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:PAYC
CUSIPN/A
Phone405-722-6900
Debt
Debt-to-Equity Ratio0.10
Current Ratio1.06
Quick Ratio1.06
Price-To-Earnings
Trailing P/E Ratio158.94
Forward P/E Ratio66.29
P/E Growth2.59
Sales & Book Value
Annual Sales$433.05 million
Price / Sales18.94
Cash Flow$1.2579 per share
Price / Cash111.19
Book Value$2.32 per share
Price / Book60.29
Profitability
EPS (Most Recent Fiscal Year)$0.88
Net Income$66.80 million
Net Margins20.85%
Return on Equity42.01%
Return on Assets7.36%
Miscellaneous
Employees2,548
Outstanding Shares58,630,000
Market Cap$7.96 billion
Paycom Software (NYSE:PAYC) Frequently Asked Questions
What is Paycom Software's stock symbol?
Paycom Software trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAYC."
How will Paycom Software's stock buyback program work?
Paycom Software announced that its board has authorized a share buyback plan on Thursday, February 15th 2018, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.
How were Paycom Software's earnings last quarter?
Paycom Software Inc (NYSE:PAYC) announced its quarterly earnings data on Tuesday, July, 31st. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.18. The software maker had revenue of $128.80 million for the quarter, compared to analyst estimates of $124.47 million. Paycom Software had a net margin of 20.85% and a return on equity of 42.01%. View Paycom Software's Earnings History.
When is Paycom Software's next earnings date?
What price target have analysts set for PAYC?
17 brokers have issued 1-year price objectives for Paycom Software's shares. Their predictions range from $75.00 to $134.00. On average, they expect Paycom Software's share price to reach $111.7059 in the next twelve months. This suggests that the stock has a possible downside of 20.1%. View Analyst Price Targets for Paycom Software.
What is the consensus analysts' recommendation for Paycom Software?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Paycom Software.
What are Wall Street analysts saying about Paycom Software stock?
Here are some recent quotes from research analysts about Paycom Software stock:
- 1. According to Zacks Investment Research, "Paycom reported strong second quarter 2018 results and raised full year revenue guidance. Revenue growth seems to be steady and was positively impacted by higher recurring revenues and higher traction in cloud-based offerings. Better-than-expected demand for advanced human capital management and payroll software solutions during the reported quarter were the other positives. Going ahead, Paycom might witness long-term growth by successfully cross-selling newer products to the existing client base, which will boost revenues. Shares have outperformed the broader industry on a year-to-date basis. Nevertheless, increasing competition from companies like Paylocity Holding Corporation, Intuit and Paychex remains a headwind, which could lead to pricing pressure and affect Paycom’s margins." (8/3/2018)
- 2. KeyCorp analysts commented, "We remain Overweight PAYC, as a unique cloud asset modernizing the payroll market, which gives the Company the opportunity to double revenue to $1B+ within four years while maintaining a best-in-class EBITDA margin of 40%+." (8/1/2018)
- 3. Bank of America Corp analysts commented, "CSLT continues to face churn headwinds from legacy transparency customers. Management readily admits the market for standalone transparency solutions has eroded. Transparency-only customers now account for 23% of annualized recurring revenue (ARR). Management’s goal is to reduce that to less than 15% of total ARR by 4Q18. ARR stands at $157 million as of the end of 3Q17 and probably needs to reach about $165 million by the end of 4Q17 in order for the company to achieve our revised 2018 revenue estimate. In 3Q17, CSLT added 26 new customer logos, but lost 11 customers. More than half of new logos came from the Anthem Engage partnership. The company now has over 255 customers, including 80 Fortune 500 customers. Also, Engage is to become available next year to Anthem’s full-risk customers in California and Colorado, as well as to its national accounts business segment." (11/6/2017)
Who are some of Paycom Software's key competitors?
Some companies that are related to Paycom Software include Autodesk (ADSK), Square (SQ), Check Point Software Technologies (CHKP), CA (CA), Shopify (SHOP), Splunk (SPLK), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), ANSYS (ANSS), Mobileye (MBBYF), Synopsys (SNPS), SS&C Technologies (SSNC), Cadence Design Systems (CDNS), Dropbox (DBX) and UBISOFT Entmt S/ADR (UBSFY).
Who are Paycom Software's key executives?
Paycom Software's management team includes the folowing people:
- Mr. Chad Richison, Founder, Chairman, Pres & CEO (Age 48)
- Mr. Craig E. Boelte, CFO, Treasurer & Corp. Sec. (Age 55)
- Mr. Jeffrey D. York, Chief Sales Officer (Age 51)
- Mr. Jon Evans, Chief Operating Officer (Age 52)
- Mr. Bradley Scott Smith, Chief Information Officer (Age 48)
Has Paycom Software been receiving favorable news coverage?
Media headlines about PAYC stock have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paycom Software earned a daily sentiment score of 0.20 on Accern's scale. They also assigned media stories about the software maker an impact score of 48.06 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Paycom Software.
Who are Paycom Software's major shareholders?
Paycom Software's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (8.10%), BlackRock Inc. (3.71%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.40%), Congress Asset Management Co. MA (1.36%), Jennison Associates LLC (1.33%) and Dimensional Fund Advisors LP (1.03%). Company insiders that own Paycom Software stock include Chad R Richison, Craig E Boelte, Frederick C Peters II, Jason D Clark, Jeffrey D York, Jon Evans, Larry V Parman, Robert J Levenson, Stacey M Pezold and William X Kerber III. View Institutional Ownership Trends for Paycom Software.
Which institutional investors are selling Paycom Software stock?
PAYC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Dimensional Fund Advisors LP, Jennison Associates LLC, Macquarie Group Ltd., Federated Investors Inc. PA, Boston Advisors LLC and Castleark Management LLC. Company insiders that have sold Paycom Software company stock in the last year include Craig E Boelte, Jason D Clark, Jeffrey D York, Jon Evans, Robert J Levenson and Stacey M Pezold. View Insider Buying and Selling for Paycom Software.
Which institutional investors are buying Paycom Software stock?
PAYC stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Riverbridge Partners LLC, Advisors Asset Management Inc., Ardevora Asset Management LLP, Renaissance Technologies LLC, Granahan Investment Management Inc. MA, First Quadrant L P CA and Paloma Partners Management Co. Company insiders that have bought Paycom Software stock in the last two years include Chad R Richison, Frederick C Peters II and Larry V Parman. View Insider Buying and Selling for Paycom Software.
How do I buy shares of Paycom Software?
Shares of PAYC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Paycom Software's stock price today?
One share of PAYC stock can currently be purchased for approximately $139.87.
How big of a company is Paycom Software?
Paycom Software has a market capitalization of $7.96 billion and generates $433.05 million in revenue each year. The software maker earns $66.80 million in net income (profit) each year or $0.88 on an earnings per share basis. Paycom Software employs 2,548 workers across the globe.
How can I contact Paycom Software?
Paycom Software's mailing address is 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK, 73142. The software maker can be reached via phone at 405-722-6900 or via email at [email protected]
MarketBeat Community Rating for Paycom Software (NYSE PAYC)
MarketBeat's community ratings are surveys of what our community members think about Paycom Software and other stocks. Vote "Outperform" if you believe PAYC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAYC will underperform the S&P 500 over the long term. You may vote once every thirty days.
