Paycom Software (PAYC) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octo ...

Paycom (NYSE: PAYC ) has a long track record of rapid growth, growing revenue by over 29% annually for the past ten years, leading to the company producing more than 10x its 2014 revenue within the last Associated with: The Merchant House Investor Self-taught Long term value investor looking to buy Great growing businesses at a reasonable price. Warning: The articles are for informational purposes only and should not be considered as investment advice. The author is not a registered financial advisor and do ...

Over the last several years, almost everything that could go wrong has gone wrong for Paycom (NYSE: PAYC ). Since late 2021, the company's revenue and earnings have decelerated, and it has gone from one of the most attractive growth I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to grav ...

PayCom Software, Inc. (NYSE: PAYC ) is a US company specialising in the development of cloud-based human resource management (HRM) and payroll software, whose share price has fallen by around 70% since the end of 2021. Unsurprisingly, a staggeringly large increase was priced into the I am a full-time investor focusing on high-quality and growth companies. One of my other major areas is stocks with high starting dividends and low valuations. I regularly use EVA framework in addition to the normal accounting ...

Here's why investors should consider Paycom following its alarming share price drop. Typically, value hunting among stocks that have plummeted more than 70% at any given point in their history can be dangerous. History suggests that winning stocks keep winning and that investors would be better off "watering their flowers and digging up their weeds." However, there are exceptions to this notion. Take Paycom (PAYC 1.09%) and its human capital management (HCM) software-as-a-service (SaaS) solutions, for examp ...

Paycom Software, Inc. (PAYC) has witnessed a challenging year, with its stock down more than 23% year to date (YTD), significantly underperforming the broader market. In contrast, the S&P 500 and the Zacks Computer and Technology sector have seen gains of 17.6% and 22.5%, respectively. Paycom's performance has also lagged behind key competitors like SAP SE (SAP) , Automatic Data Processing, Inc. (ADP) and Paychex, Inc. (PAYX) , which have posted YTD gains of 40.9%, 13.5% and 5.2%, respectively. This dispari ...

PM Images Investment summary My previous investment thought for Paycom (NYSE:PAYC) (published on 20th May 2024) was a buy rating because I believed in the strong pricing power that PAYC has, given the value proposition it offers its users. In addition, the revision in sales strategy should yield more positive cross-sell opportunities. I stand firm in my view for PAYC (buy rating), as the new sales strategy seems to be working very well, and this should help drive growth acceleration in 2H24. 2Q24 results up ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-36393 Paycom Software, Inc. (Exact name of registrant as specified in its charter) Delaware 80-0957485 (State or ...

Paycom Software (PAYC) reported second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The online payroll and human resource technology provider reported non-GAAP earnings of $1.62 per share in the second quarter, beating the Zacks Consensus Estimate of $1.58. The bottom line remained unchanged year over year as the benefits of higher revenues and lower share counts were offset by increased operating expenses and income taxes. Paycom reported revenues of $ ...

Financial Data and Key Metrics Changes - Second quarter revenue reached $438 million, up 9% year-over-year, and recurring revenue was $430 million, representing 98% of total revenues [13][14] - GAAP net income was $68 million, or $1.20 per diluted share, while non-GAAP net income was $92 million, or $1.62 per diluted share [14] - Adjusted EBITDA for the quarter was nearly $160 million, with a margin of 36.5%, exceeding expectations due to expense discipline [14][15] Business Line Data and Key Metrics Changes - The company reported a 24% increase in units sold in the second quarter compared to the same period last year, with year-to-date unit growth at approximately 15% [34][27] - The automation solutions, Beti and GONE, have shown significant client adoption, with clients reporting reduced payroll processing times and improved efficiency [7][9] Market Data and Key Metrics Changes - The average daily balance of funds held on behalf of clients was approximately $2.4 billion, up 8% year-over-year [15] - The company has expanded its international presence, with Beti now available in Canada, Mexico, Ireland, and the UK, contributing to new client acquisitions [11][11] Company Strategy and Development Direction - The company is focused on enhancing client ROI through product innovation and automation, aiming to solidify its position as a leader in the industry [5][10] - Investments in AI and automation are expected to drive long-term value for clients and shareholders [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 10% revenue growth and a 39% adjusted EBITDA margin for fiscal 2024, narrowing revenue guidance to $1.86 billion to $1.875 billion [17][18] - The company plans to continue opportunistic stock buybacks, having repurchased approximately 790,000 shares for $120 million during the quarter [15][16] Other Important Information - The CFO announced plans to retire within the next 9 to 12 months, after nearly 19 years with the company [13] - The company has increased its buyback authorization to $1.5 billion, extending it for another two years [16] Q&A Session Summary Question: Perception of Beti in Installed Base - Management noted that new clients are increasingly adopting Beti, leading to significant reductions in payroll processing times for existing clients [19][20] Question: Sales Hiring Cadence - The company is better staffed in sales than in recent years, with a focus on unit growth and sales skills development [21][22] Question: Guidance Outlook Changes - The narrowing of guidance was attributed to increased visibility and the timing of various initiatives [24][25] Question: Sales Performance and Unit Growth - The company reported a 24% increase in units sold in the second quarter compared to the previous year, with strong July starts indicating continued momentum [33][34] Question: Impact of Payroll Runs on Guidance - Management confirmed that factors affecting payroll run opportunities remain consistent, with confidence in sales and service organizations [36][37] Question: Beti Adoption Update - Beti adoption continues to rise, with new clients starting with higher usage rates than before [42][43] Question: Float Revenue and Fed Fund Rate Assumptions - The company is considering extending the duration of its float revenue investments in light of potential rate cuts [64] Question: Competitive Landscape for New Client Wins - The company continues to compete with established players in the industry, maintaining a consistent approach to client acquisition [66][67]