Paycom Software Inc Stock Price, News & Analysis

Paycom Software (NYSE: PAYC) has achieved top rankings in Comparably's corporate awards, securing the No. 1 position among large companies for both Best Company Culture and Best Compensation. Additionally, founder and CEO Chad Richison ranked No. 9 in the Best CEOs category.

The company offers comprehensive benefits including $1-per-pay-period individual health insurance, 401(k) matching, paid family leave, $50,000 basic life insurance, and pet insurance. These rankings are based on anonymous employee feedback collected over a 12-month period, evaluating 16 core culture metrics across compensation, career growth, leadership, and work environment categories.

Paycom has also received multiple other Comparably accolades this year, including Best Work-Life Balance, Best Perks & Benefits, Best Company Happiness, Best Company for Career Growth, Best Company Leadership, Best Company Outlook, and Best Sales Team.

Jahdae Barron from The University of Texas at Austin has been named the 2024 Paycom Jim Thorpe Award Winner, recognizing him as the top defensive back in college football. As the leader of the nation's #1 pass defense team, Barron recorded 4 interceptions and 41 tackles in the 2024 regular season. He is the third Longhorns recipient and the first representing the SEC, following Texas's move to the conference in 2024.

Barron secured an impressive 65% of first-place votes nationwide. He demonstrated versatility by playing four positions in the Longhorns backfield and contributed to a defense that ranked top in preventing explosive plays. The award ceremony will take place at the 39th Annual Paycom Jim Thorpe Award Banquet in Oklahoma City on February 4, 2025.

Paycom Software (NYSE: PAYC) has appointed Joe Binz to its board of directors, effective Dec. 10, 2024. Binz, currently serving as CFO at Atlassian, brings over 30 years of financial leadership experience in the technology industry. His background includes significant roles at Microsoft, where he led finance functions and guided cloud transformation, and Intel , where he supported manufacturing operations, product groups, and Intel Capital.

Binz holds a BS in Finance from the University of Illinois Urbana-Champaign and an MBA from the University of Michigan's Ross School of Business. In his current role at Atlassian, he oversees the global finance organization, including accounting, finance, internal audit, investor relations, tax, treasury, and procurement teams.

Paycom Software (NYSE: PAYC), a provider of cloud-based human capital management software, announced its participation in the Barclays Global Technology Conference. The presentation is scheduled for December 11 at 1:55 p.m. Pacific Time in San Francisco. Interested parties can access a live webcast of the presentation through the 'Events' tab on Paycom's investor relations website at investors.paycom.com.

The Oklahoma Sports Hall of Fame has announced the three finalists for the 2024 Paycom Jim Thorpe Award, which recognizes the nation's best defensive backs. The finalists are: Texas cornerback Jahdae Barron (41 tackles, 4 interceptions), Ohio State safety Caleb Downs (51 tackles, 6.5 TFLs), and Georgia safety Malaki Starks (55 tackles, 1 interception). The winner will be announced on The Home Depot College Football Awards on December 12, with the official award presentation taking place in Oklahoma City on February 4, 2025. A fan vote will run from November 26 to December 6, contributing one vote to the final selection.

Paycom Software (NYSE: PAYC) released a Forrester Consulting study highlighting the benefits of their Time-Off Requests featuring GONE® automation tool. The study projects an 821% ROI over three years for a composite organization using the system. Key benefits include saving managers nearly one workweek annually, HR staff almost five workweeks, and up to six workweeks of avoided overtime through improved staffing. The automated system manages employee time-off requests through configurable rules, reducing bias and expediting decisions while ensuring compliance with company policies.

Paycom Software reported Q3 2024 financial results with revenues of $451.9 million, up 11.2% year-over-year. Recurring revenues increased 11.6% to $445.0 million, representing 98.5% of total revenues. GAAP Net Income was $73.3 million ($1.31 per diluted share), compared to $75.2 million in Q3 2023. Adjusted EBITDA reached $171.3 million. The company maintains zero debt and holds cash and equivalents of $325.8 million. For Q4 2024, Paycom expects revenues between $477-484 million and full-year 2024 revenues of $1.866-1.873 billion.

Oklahoma Sports Hall of Fame and Jim Thorpe Association have announced the 15 semifinalists for the 2024 Paycom Jim Thorpe Award, representing seven conferences and one independent university. The award recognizes the best defensive back in college football based on field performance, athletic ability, and character. The selection process includes a screening committee that will choose three finalists, to be announced on November 26. The winner will be revealed during The Home Depot College Football Awards on December 12, with the official award presentation scheduled for February 4, 2025, in Oklahoma City.

Paycom Software (NYSE: PAYC) has announced a quarterly cash dividend of $0.375 per share of common stock. The dividend will be paid on December 9, 2024, to stockholders of record at the close of business on November 25, 2024. Paycom is a leading provider of comprehensive, cloud-based human capital management software.