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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Paycom Software's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Paycom Software's position in the market.
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Paycom Software, Inc. announced full year revenues of $1,694 million, up 23% year-over-year, with a full year GAAP net income of $341 million. Fourth quarter revenues were $435 million, up 17% year-over-year. Paycom also provided expected financial guidance for the quarter ending March 31, 2024 and the year ending December 31, 2024.
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-1.65%
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Paycom Software, Inc. (PAYC) announced the promotion of Chris Thomas to the role of Co-CEO, effective today. Thomas will serve as Co-CEO with Paycom’s founder, President, and Chairman, Chad Richison. Thomas has been with Paycom since 2018 and has held various leadership roles. Richison expressed extreme confidence in Thomas and his ability to lead the company. Paycom has seen significant growth and innovation under Richison's leadership, and the company remains committed to delivering the best customer service and innovation in the industry.
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-1.65%
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Paycom Software, Inc. (PAYC) declared a cash dividend of $0.375 per share of common stock, to be paid on March 18, 2024, to stockholders of record as of March 4, 2024.
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1.77%
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Paycom Software, Inc. (PAYC) has appointed Steve Sturges as its new Chief Marketing Officer (CMO), bringing three decades of marketing, branding, and advertising experience. Sturges will lead strategy, development, and execution across all marketing and communication functions, driving lead-generation efforts and enhancing Paycom’s brand equity for stakeholders.
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-2.7%
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Paycom Software, Inc. (NYSE:PAYC) announced findings by Nucleus Research on the value organizations derive from the use of Paycom’s Beti®, an industry-first payroll experience that empowers employees to do their own payroll. The study revealed that organizations were able to reduce payroll corrections by more than 80% and in some cases eliminate errors entirely upon implementation of the feature. The study also found three typical benefit areas stemming from Paycom’s single HR software featuring Beti, including reduced errors, increased payroll productivity, and improved employee engagement. Organizations using Beti experienced up to 100% of their end-users engaging with the system regularly. Paycom’s payroll solution allowed clients to reduce time spent processing payroll by upward of 90%. The study was commissioned in December 2023 to assess the value driven by the use of Beti with Paycom’s existing payroll capabilities.
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-1.05%
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Paycom Software, Inc. will release its Q4 and year-end 2023 results on Feb. 7, followed by a conference call to discuss the results. The company is a leading provider of cloud-based human capital management software.
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1.8%
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Paycom Software, Inc. (NYSE:PAYC) announced updated cost estimates of data entry and HR tasks within its usage management analytics tool, Direct Data Exchange® (DDX™). The average cost of a single manual data entry made by an HR professional increased from $4.70 to $4.78, according to findings by Ernst & Young (EY). Paycom's DDX provides insights into efficiencies gained through employee usage of HR technology and offers a real-time estimated return on investment based on EY's research. The study also includes consideration for manual payroll tasks completed by HR professionals, with the average cost of a single manual data entry rising to $5.35 when payroll tasks are included. EY's research shows that the cost per HR task has continued to increase across every category of HR data since the original survey launched in 2018.
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Rhea-AI Sentiment
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4.6%
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Trey Taylor, a player from the United States Air Force Academy Falcons, has been named the 2023 Paycom Jim Thorpe Award Winner. He is the first-ever Thorpe Award recipient from Air Force and only the second Falcon to win a major college football award. Taylor led overall ballots as a 47% first place vote favorite with an average rank winning by only .12 to the runner-up in the nationwide voting. A First-Team All-MW selection at safety, Taylor contributed 71 tackles, three interceptions, 4 PBUs and a first-career touchdown and recorded TFLs in four games in his best season yet for the Falcons. Taylor proved to be a leader for the Falcons by also being honored with this year’s Defender of the Nation Award, given to a college football player from one of the nation’s service academies based on exceptional leadership qualities, performance on and off the field, and a high standard of integrity.
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Paycom Software, Inc. (NYSE:PAYC) announced the launch of its new feature, GONE™, designed to automate time-off decisions for businesses. GONE uses a customizable decision engine to facilitate time-off approval and denial, helping businesses standardize time-off management and eliminate manual processes. The feature aims to ensure fairness, timeliness, and regulatory compliance, reducing staffing shortages, payroll inaccuracies, and workplace culture impact. According to a study, manual time-off reviews or approvals can cost a company an average of $11.22 in labor, but GONE vastly reduces this expense and time-consuming organizational tasks for managers and directors.
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-2.19%
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Oklahoma Sports Hall of Fame and Jim Thorpe Association announce the finalists for the 2023 Paycom Jim Thorpe Award. The three finalists are Cooper DeJean from Iowa, Malaki Starks from Georgia, and Trey Taylor from Air Force. The award recipient will be announced on The Home Depot College Football Awards on December 8. The official presentation of the award will take place at the Paycom Jim Thorpe Award Banquet on February 6, 2024, in Oklahoma City.
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Rhea-AI Sentiment
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1.22%
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Paycom Software, Inc.
NYSE:PAYC
PAYC Rankings
PAYC Stock Data
10.59B
49.23M
12.65%
79.95%
3.54%
Software Publishers
Information
United States of America
OKLAHOMA CITY
About PAYC
paycom (nyse:payc) helps employers streamline their payroll and hr processes with the latest cloud-based human capital management technology. we innovated payroll services over the internet and for over a decade, our software-as-a-service (saas) solution has helped to free companies from the constraints of traditional software. in addition to payroll processing we offer a complete suite of human capital management tools that includes time and attendance, hris, talent acquisition, hr management and talent management all in one online application. paycom is growing at a phenomenal pace by providing cutting-edge technology and personal payroll expertise at a lower cost. as one of the largest and fastest-growing human capital management providers, paycom serves clients in all 50 states from 36 sales teams across the country.