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. provides cloud-based human capital management software for payroll, HR management, talent acquisition, talent management, and time and labor functions. Its platform is built on a single database and uses employee-first automation to manage employment life cycle workflows for organizations in the U.S. and internationally.
Paycom news commonly covers quarterly results, recurring revenue trends, cash dividends, share repurchase activity, product releases, and updates to automation tools such as IWant, Beti, GONE, and Career and Succession Planning. Company updates also include third-party HCM software recognition, client ROI studies, executive appointments, and governance actions tied to its cloud payroll and HR software business.
The Oklahoma Sports Hall of Fame announced the 12 semifinalists for the 2022 Paycom Jim Thorpe Award, given to the best defensive back in college football. Selection is based on performance, athletic ability, and character. The finalists will be revealed on November 29, with the winner announced during a live presentation on December 8. The award has been sponsored by Paycom Software since May 2017, highlighting the company's commitment to collegiate sports.
Paycom Software, Inc. (NYSE:PAYC) will announce its third-quarter financial results for the period ending September 30, 2022, on November 1, following market closure. A conference call to discuss these results is scheduled for 5 p.m. ET, with a webcast available on the company’s investor relations page. A replay will be offered from November 1 to November 7. Paycom, a leading provider of cloud-based human capital management software, serves clients across all 50 states, offering solutions throughout the entire employment life cycle.
Paycom Software has extended its stock repurchase program, increasing the total available for buybacks to $1.1 billion from $550 million for the period between August 15, 2022 and August 15, 2024. CEO Chad Richison stated the move aims to capitalize on market volatility and enhance shareholder value. The timing, number, and value of repurchased shares will depend on market conditions and corporate considerations. This initiative underscores Paycom's strong financial position and commitment to returning value to shareholders.
Paycom Software, a leader in cloud-based human capital management, will participate in key investor events. The KeyBanc Technology Leadership Forum is scheduled for August 9 at 1:30 p.m. in Vail, Colorado, followed by the Citi Global Technology Conference on September 7 at 3:15 p.m. in New York City. Live webcasts of the presentations will be available at investors.paycom.com, with replays accessible for 90 days. Paycom continues to innovate in the HR tech space, aiding businesses in managing their human capital effectively.
Paycom Software reported strong performance in Q2 2022, with total revenues reaching $317 million, a 31% increase year-over-year. GAAP net income was $57 million, or $0.99 per diluted share, while non-GAAP net income was $73 million or $1.26 per diluted share. Adjusted EBITDA stood at $120 million, representing 38% of total revenues. Recurring revenues accounted for 98.3% of total revenues. The company expects Q3 2022 revenues between $327 million and $329 million and full-year revenues of $1.354 billion to $1.356 billion.
The Paycom Jim Thorpe Award Preseason Watchlist has been released, highlighting 35 top defensive backs from various college conferences. Selected by a screening committee, the watchlist will evolve with the season's performance. Semifinalists will be announced on October 24, 2022, leading to three finalists who will be voted on by a national panel. The award, established in 1986 and sponsored by Paycom, honors the best defensive back in college football. The winner will be revealed live on ESPN during The Home Depot College Football Awards.
Paycom Software, Inc. (NYSE:PAYC) will announce its second-quarter results for the period ending June 30, 2022, after market close on August 2, 2022. Following the release, a conference call will take place at 5 p.m. Eastern Time, accessible by phone or via the webcast on the Paycom investor relations website. A replay of the call will be available from August 2 through August 9, 2022.
As a leader in payroll and HR technology, Paycom offers a comprehensive, cloud-based human capital management software solution.
Paycom Software has announced an increase in its stock repurchase program, now totaling $550 million available for repurchases until June 7, 2024. This marks an increase from the prior $166.8 million available. CEO Chad Richison emphasized the flexibility it provides to return value to shareholders amid market dislocations, citing strong cash flow and a positive outlook for growth. The repurchase can occur through various means, depending on market conditions.
Paycom Software (NYSE:PAYC) announced its participation in two upcoming investor events. The Jefferies Software Conference is set for June 2 at 1 p.m. PT in San Francisco, while the Baird Global Consumer, Technology & Services Conference will take place on June 7 at 2:35 p.m. ET in New York City. Live webcasts of the presentations will be available on investors.paycom.com and can be rewatched for 90 days post-event. Paycom specializes in cloud-based human capital management software, catering to clients across all industries in all 50 states.
Paycom Software has appointed Felicia Williams to its board of directors as a Class II director. With over 30 years of experience in finance, Williams previously served as senior vice president of finance at Macy's and held various leadership roles there since 2004. She is a licensed CPA and has extensive experience in audit and corporate financial leadership from her time at Coca-Cola and Bristol Myers Squibb. Paycom's CEO, Chad Richison, praised her expertise in enhancing the board's strength.