Paycom Software Inc Stock Price, News & Analysis

A Forrester Consulting study commissioned by Paycom (NYSE: PAYC) reveals significant inefficiencies in human capital management (HCM) systems. The research found that businesses use an average of 6.17 HCM providers to manage employee lifecycles, leading to data accuracy issues and reporting challenges. Key findings show that 77% of respondents store employee data across multiple databases, with 71% unable to transfer data between platforms. Notably, 91% of respondents expressed interest in a single HCM software solution, with 84% believing it would positively impact their business goals. The study, surveying 217 HCM technology strategy leaders, highlights how fragmented systems compromise data integrity and user experience, while Paycom's single-database solution aims to eliminate these inefficiencies through full-solution automation.

Paycom Software (NYSE: PAYC) reported strong Q1 2025 financial results with revenues of $531 million, up 6.1% year-over-year. The company achieved GAAP Net Income of $139.4 million ($2.48 per diluted share) and Non-GAAP Net Income of $157.7 million ($2.80 per diluted share). Adjusted EBITDA reached $253.2 million, representing 48% of total revenues. Recurring revenue grew 7.3% to $500 million. The company maintains a strong financial position with $520.8 million in cash and zero debt. For 2025, Paycom raised its guidance, projecting total revenue between $2.023-2.038 billion (8% growth) and Adjusted EBITDA of $843-858 million.

Paycom Software (NYSE: PAYC), a cloud-based human capital management software provider, has announced a quarterly cash dividend of $0.375 per share. The dividend will be paid on June 9, 2025, to stockholders of record as of the close of business on May 27, 2025. This dividend announcement demonstrates Paycom's commitment to returning value to shareholders through regular cash distributions.

Paycom Software (NYSE: PAYC) has achieved a significant milestone as its subsidiary, Paycom Europe Limited, received authorization as a Payment Institution (PI) from the Central Bank of Ireland (CBI). This prestigious license, held by only 26 companies, enables Paycom to expand its proprietary payroll software services across the European Economic Area (EEA). Unlike traditional global payroll companies that rely on third-party integrations, this authorization allows Paycom to handle payroll processing directly for EEA clients, including the implementation of its automated payroll tool, Beti®.

The company currently operates in the U.S., Canada, Mexico, the U.K., and Ireland, following its 2023 launch of Global HCM™, which supports workforce management across 190+ countries in nearly 20 languages and dialects. The CBI authorization demonstrates Paycom's compliance with strict regulatory requirements for operational viability, financial stability, and compliance capability.

Paycom has received accreditation from the Professional Background Screening Association's (PBSA) Background Screening Credentialing Council (BSCC) after demonstrating compliance with the Background Screening Organization Accreditation Program (BSOAP). This accreditation confirms Paycom meets the US Employment Screening Standard.

The company's chief legal officer, Matt Paque, highlighted that Paycom offers a single software solution for client screening needs, eliminating the requirement for multiple systems. The accreditation process involved a comprehensive desk audit of operational documentation and a virtual audit examining six critical areas:

• Information Security
• Legal and Compliance
• Client Education
• Researcher and Data Standards
• Verification Services Standards
• Business Practices

Paycom Software (NYSE: PAYC), a leading provider of cloud-based human capital management software, has scheduled its first quarter 2025 earnings release and conference call. The company will announce its financial results for the quarter ended March 31, 2025, after market close on May 7.

The earnings conference call will be held at 5 p.m. Eastern time on the same day. Investors can access the call through dial-in numbers or watch the webcast at investors.paycom.com. A replay of the call will be available from May 7 through May 14, with both phone and web-based replay options provided.

Paycom Software (NYSE: PAYC) has been recognized as one of the Most Trustworthy Companies in America 2025 by Newsweek, marking its fourth consecutive year receiving this prestigious award. The assessment evaluated trust across three key stakeholder groups: customers, investors, and employees.

The company's cloud-based human capital management software, featuring a single database that integrates HR and payroll functions, has earned praise for its reliability and accuracy. A client from a mid-sized real estate company highlighted Paycom's ability to support growing businesses through its comprehensive all-in-one system.

The selection process involved an extensive independent survey of over 25,000 U.S. participants and analyzed data across various media segments. Companies eligible for consideration included both public and private U.S.-headquartered organizations with revenue exceeding $500 million.

Paycom Software (NYSE:PAYC) has announced the promotion of Bob Foster to Chief Financial Officer, effective February 21, 2025. Foster, who joined Paycom in 2022, will succeed Craig Boelte, who is retiring after nearly 20 years of leading the company's finance and accounting efforts.

Foster previously served as executive vice president of accounting and finance at Paycom. Before joining the company, he was CEO and chairman of a payroll company for eight years and a senior partner at Ernst & Young. In his new role as CFO, Foster will oversee all accounting and finance functions, focusing on long-term planning, investor relations, and financial strategies.

Boelte, who joined as CFO in 2006, led Paycom's transition from a small private company to an S&P 500 publicly traded company during his tenure, accumulating nearly 40 years of experience in accounting, human resources, and workforce management.

Paycom Software (PAYC) reported strong financial results for Q4 and full-year 2024. Full-year revenues reached $1,883 million, up 11% year-over-year, with GAAP Net Income of $502 million representing 27% of total revenues. Fourth quarter revenues were $494 million, up 14% year-over-year.

The company maintained a 90% annual revenue retention rate and increased its total client count to 37,543, up 2% from the prior year. Paycom stored data for over 7.0 million persons employed by its clients, representing a 3% increase.

Looking ahead to 2025, Paycom expects total revenue between $2.015-2.035 billion (approximately 8% growth at midpoint) and Adjusted EBITDA of $820-840 million. The company remains debt-free with cash and cash equivalents of $402.0 million as of December 31, 2024.