Reported Earnings • 10h
First quarter 2026 earnings released: EPS: US$3.05 (vs US$2.49 in 1Q 2025) First quarter 2026 results: EPS: US$3.05 (up from US$2.49 in 1Q 2025). Revenue: US$571.9m (up 7.8% from 1Q 2025). Net income: US$155.7m (up 12% from 1Q 2025). Profit margin: 27% (in line with 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • 10h
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 64% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Announcement • Apr 22
Paycom Software, Inc. to Report Q1, 2026 Results on May 06, 2026 Paycom Software, Inc. announced that they will report Q1, 2026 results at 4:00 PM, Eastern Standard Time on May 06, 2026 Announcement • Apr 04
Paycom Software, Inc., Annual General Meeting, May 04, 2026 Paycom Software, Inc., Annual General Meeting, May 04, 2026. Location: gaillardia, 5300 gaillardia boulevard, oklahoma city 73142, oklahoma United States Announcement • Mar 11
Paycom Software, Inc. Announces Launch of Career and Succession Planning Tool Paycom Software, Inc. announced the launch of Career and Succession Planning, an automated tool to easily identify successors for companywide roles, assess bench strength and ensure talent management and development. Career and Succession Planning seamlessly syncs with employee, performance and learning data in Paycom’s single database, giving leaders real-time visibility into successor readiness and bench strength to confidently plan for the future. Key features include a unified visual dashboard, actionable analytics, 9-box talent mapping, side-by-side talent comparisons, talent profiles search and automated match scoring to help ensure consistent decisioning criteria across the organization. The tool automatically populates employee data to help organizations track key positions, assign successors and compare talent. The talent matching tool looks at variables including tenure, technical skills, leadership competencies, performance ratings and other workforce indicators, eliminating guesswork and outdated data. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 09 March 2026. Payment date: 23 March 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (2.5%). Announcement • Feb 20
Paycom Software, Inc. Appoints Shane Hadlock as President, Effective from February 18, 2026 On February 18, 2026, the Board of Directors of Paycom Software, Inc. appointed Shane Hadlock, as President of the Company, effective from February 18, 2026. Mr. Hadlock's new title is President and Chief Client Officer, and he will perform the functions of the Company's sole principal operating officer. Randy Peck, the Company's Chief Operating Officer, will report to Mr. Hadlock. Chad Richison will continue to serve as the Company's Chief Executive Officer and Chairman of the Board. Prior to his promotion, Mr. Hadlock, 51, had served as the Company's Chief Client Officer from October 2024 to August 2025 and as Chief Client Officer and Chief Technology Officer from August 2025 to February 2026. He works with groups across the Company, including operations, implementation and IT, and has more than 30 years of technology experience, including nearly 14 years at the Company. Mr. Hadlock served as the Company's Executive Vice President of Information Technology and Information Security from May 2018 to October 2024, following six years as the Company's Director of IT. Before joining Paycom, Hadlock served in multiple leadership roles at Hertz over a 10-year tenure, gaining extensive expertise in enterprise systems, operational transformation and customer-centric technology strategy. He earned his bachelor's degree in computer science and a Master of Business Administration at the University of Central Oklahoma. Declared Dividend • Feb 15
Fourth quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 9th March 2026 Payment date: 23rd March 2026 Dividend yield will be 1.2%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 20%. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: US$8.13 (vs US$8.93 in FY 2024) Full year 2025 results: EPS: US$8.13 (down from US$8.93 in FY 2024). Revenue: US$2.05b (up 8.9% from FY 2024). Net income: US$453.4m (down 9.7% from FY 2024). Profit margin: 22% (down from 27% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Feb 12
Paycom Software, Inc. Provides Financial Guidance for the Year Ending December 31, 2026 Paycom Software, Inc. provided financial guidance for the year ending December 31, 2026. Total revenue in the range of $2.175 billion to $2.195 billion, representing year-over-year growth between 6% and 7%. Recurring and other revenue growth between 7% and 8% year over year. Announcement • Feb 11
Paycom Software, Inc. Announces Quarterly Cash Dividend, payable on March 23, 2026 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on March 23, 2026, to all stockholders of record as of the close of business on March 9, 2026. Announcement • Jan 24
Paycom Software, Inc. Announces Executive Changes Paycom Software, Inc. announced that Jeff York is returning to serve as chief sales officer (CSO), effective January 23, 2026. York previously served as CSO at Paycom from 2007 to 2021 and has since been serving as Paycom’s Leadership Strategist. York has more than three decades of sales experience and has held a variety of sales management positions where he has hired and developed many decorated executives. Under York’s leadership, Paycom’s sales force was named one of the 50 Best Companies to Sell For in the U.S., and his sales organization propelled Paycom to be named one of Fortune magazine’s 100 Fastest-Growing Companies for four consecutive years. Amy Walker, the outgoing Chief Sales Officer, is transitioning from Paycom’s CSO to a consulting role for the company. Announcement • Jan 22
Paycom Software, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Paycom Software, Inc. announced that they will report Q4, 2025 results at 4:00 PM, Eastern Standard Time on Feb 11, 2026 Declared Dividend • Nov 09
Third quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 24th November 2025 Payment date: 8th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 21%. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$1.97 (vs US$1.31 in 3Q 2024) Third quarter 2025 results: EPS: US$1.97 (up from US$1.31 in 3Q 2024). Revenue: US$493.3m (up 9.2% from 3Q 2024). Net income: US$110.7m (up 51% from 3Q 2024). Profit margin: 22% (up from 16% in 3Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Nov 04
Paycom Software, Inc. Announces Quarterly Cash Dividend, Payable on December 8, 2025 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on December 8, 2025, to all stockholders of record as of the close of business on November 24, 2025. Announcement • Oct 16
Paycom Software, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Paycom Software, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Oct 15
Paycom Software, Inc. Releases Updates to Its Usage Management Analytics Tool, Direct Data Exchange Paycom Software, Inc. released updates to its usage management analytics tool, Direct Data Exchange®?, based on an updated report from professional services firm EY, estimating the labor and nonlabor costs of common HR tasks. According to EY, the average cost of manual data entry by an HR professional reached $4.86per instance in 2025, up from an average of $4.78 in 2023. Additionally, the cost per HR task has continued to rise across all HR categories, including expense management, onboarding, benefits enrollment, time management and more, since the survey was first conducted in 2018. Paycom uses EY's data to measure costs for manual data entry and HR tasks in Direct Data Exchange. Direct Data Exchange provides an overview of how employees use the self-service side of Paycom's software, highlighting the savings companies achieve through employee usage and adoption of automated HR processes. With EY's inclusion of new HR tasks in its 2025 study, Direct Data Exchange can now account for the potential cost savings of Paycom's new command-driven AI engine, I want. I want offers an easy and automated way to find employee information, eliminating the need to navigate through the software. Without I want, HR or managers searching for information about their employees results in an estimated labor cost of $11.75 per instance, primarily due to the time required to locate the correct information. EY's cost estimates vary for each manual task, reaching as high as $23.27 per instance of manually obtaining information to compare benefit plans. The report indicates that labor costs continue to account for nearly all the total costs associated with manual HR tasks, suggesting that automating these tasks could lead to significant financial savings. Direct Data Exchange helped identify $5 million in savings for The Kraft Group, parent company of the New England Patriots, through its use of Paycom. The client credits its smooth and superior user experience to Paycom's comprehensive automation. EY routinely updates its report by conducting additional surveys and applying inflation factors to its data. The HR task with the largest increase in estimated cost since EY's 2023 report was manual payroll creation, which rose by $5.73 to a total of $20.83 per instance. When EY factored in manual payroll tasks, the report's overall average cost per data entry increased from $4.86 to $5.68, up from $5.35 in 2023. Paycom's industry-first payroll tool, Beti®?, automates the process. It self-starts each pay period by pulling live data, identifying errors and then guiding employees to resolve them before submission, ensuring accuracy every payday. This tool reduced labor costs for payroll processing by 90% and saved HR and accounting teams over 2,600 hours annually. Announcement • Sep 19
Paycom Software, Inc. Announces Board and Committee Changes, Effective September 30, 2025 Paycom Software, Inc. announced that on September 16, 2025, Felicia Williams notified the Board of Directors the company of her retirement from the Board and all committees thereof, effective September 30, 2025. Effective as of Ms. Williams’s retirement, the size of the Board will be reduced from eight to seven directors. Ms. Williams’s retirement is not in connection with any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Frederick C. Peters II will replace Ms. Williams as the chairperson of the audit committee of the Board, effective as of Ms. Williams’s retirement. Buy Or Sell Opportunity • Sep 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to US$225. The fair value is estimated to be US$282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Aug 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to US$226. The fair value is estimated to be US$285, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Aug 19
Paycom Software, Inc. Announces Executive Appointments, Effective August 18, 2025 Paycom Software, Inc. announced the expanded role of Shane Hadlock as it’s chief client officer and chief technology officer and the promotion of Rachael Gannon to chief automation officer, effective August 18, 2025. Brad Smith has been named the company’s senior technical strategist and will continue reporting to CEO Chad Richison. As chief technology officer, Hadlock will oversee it’s IT department, while maintaining his chief client officer role and leadership of Paycom’s client service groups. Hadlock has more than 30 years of technology experience. Prior to being named chief client officer, he led multiple IT functions at Paycom for nearly 14 years, including the role of executive vice president of Information Technology and Information Security for six years. Before joining Paycom, he served for 10 years in a number of leadership roles at Hertz. Gannon joined the company in 2013 and stepped in to lead the Product department in 2023. Most recently, she served as executive vice president of Product and Development. As chief automation officer, Gannon will lead the Software department and be responsible for driving Paycom's overall product strategy, working closely with cross-functional teams to deliver innovative solutions that drive even more client value and return on investment. She has served in various roles at Paycom, including as executive vice president of Product and several product management leadership roles after being a key member of Paycom’s service department. Smith joined Paycom in 2005, holding roles as director of Software Development and director of Information Technology before being named chief information officer in 2018. Under his leadership, Paycom’s technology has grown exponentially, and Smith has been instrumental in implementing scalable solutions. Declared Dividend • Aug 10
Second quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 25th August 2025 Payment date: 8th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 24%. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$1.60 (vs US$1.20 in 2Q 2024) Second quarter 2025 results: EPS: US$1.60 (up from US$1.20 in 2Q 2024). Revenue: US$483.6m (up 11% from 2Q 2024). Net income: US$89.5m (up 32% from 2Q 2024). Profit margin: 19% (up from 16% in 2Q 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 07
Paycom Software, Inc. Provides Earnings Guidance for the Year Ending December 31, 2025 Paycom Software, Inc. provided earnings guidance for the year ending December 31, 2025. For the year, the company expects total revenues in the range of $2.045 billion to $2.055 billion, representing year-over-year growth of approximately 9% at the midpoint. Recurring and other revenue growth of approximately 10% year over year. Buy Or Sell Opportunity • Aug 05
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at US$225. The fair value is estimated to be US$287, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Aug 05
Paycom Software, Inc. Declares Quarterly Cash Dividend, Payable on September 8, 2025 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on Sept. 8, 2025, to all stockholders of record as of the close of business on Aug. 25, 2025. Announcement • Jul 30
Paycom Software, Inc. Unveils IWant: Command-Driven Ai Engine with Accurate, Rapid Results Paycom Software, Inc. announced the launch of I want, the industry's first command-driven AI engine that revolutionizes the way all users navigate and access their information within a single database. Users can prompt I want by utilizing voice-to-text functionality or by simply typing a question, and the AI engine immediately provides the answer or directs them to the appropriate location to interact with their information. I want is designed to return results that will always be accurate because it pulls from employee data entered into Paycom's single database, not from multiple sources. This eliminates issues created by duplicate or inconsistent data. With I want, Paycom users gain an easy, automated avenue for seeking information about employee data without having to navigate through the software. For employees: I want assists employees with fast answers about their employee data, including time-off balances, 401(k) contribution percentages, schedules, tax withholdings, paycheck amounts, pay history, benefits and more. For HR, C-suite and managers: I want supports HR teams and makes an organization's leaders smarter by providing instant employee information about coverage thresholds, time-off schedules, overdue trainings, pay changes, who's clocked in for the day, time-off requests, salary information, employment history, performance reviews and more. Announcement • Jul 17
Paycom Software, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Paycom Software, Inc. announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 06, 2025 Buy Or Sell Opportunity • Jul 03
Now 21% undervalued Over the last 90 days, the stock has risen 5.4% to US$225. The fair value is estimated to be US$286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • May 28
Paycom Software, Inc.'s AI-Powered Ask Here Enhances Employee Inquiry Experience Paycom Software, Inc. has enhanced its Ask Here tool, which uses AI to produce answers to employee questions, reducing response times and administrative burdens for organizations. A centralized hub for all employee questions, Ask Here powered by AI search instantly answers inquiries by scanning preloaded company policies, documentation and saved responses. Topics can also be preloaded based on common employee questions across departments like accounting, benefits, maintenance, security, community relationships and more. For more complex or sensitive inquiries, the software routes the inquiry to the appropriate person in the organization. With the AI-powered search, businesses can expect benefits such as: faster response times to employee questions; easier management of mass employee inquiries; standardization of company responses; easy access to Ask Here through Employee Self-Service; reduced employee frustration in finding the right person to ask; a centralized communication command center. The Ask Here enhancement also provides businesses with deeper insights into inquiry trends and important topics for employees. This enhancement further addresses a common challenge among employees. A recent Paycom general population survey of 2,200 U.S.-based full-time employees revealed employees are most likely to need an urgent response from human resources about their paycheck (56%), benefits (54%), time-off requests (32%) and other key issues like performance reviews and investments. Declared Dividend • May 12
First quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 27th May 2025 Payment date: 9th June 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 22%. Announcement • May 08
Paycom Software, Inc. Provides Earnings Guidance for the Year Ending December 31, 2025 Paycom Software, Inc. provided earnings guidance for the year ending December 31, 2025. For the period, the company expects total revenue in the range of $2.023 billion to $2.038 billion, representing year-over-year growth of approximately 8% at the midpoint. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: US$2.49 (vs US$4.37 in 1Q 2024) First quarter 2025 results: EPS: US$2.49 (down from US$4.37 in 1Q 2024). Revenue: US$530.5m (up 6.1% from 1Q 2024). Net income: US$139.4m (down 44% from 1Q 2024). Profit margin: 26% (down from 49% in 1Q 2024). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 06
Paycom Software, Inc. Declares Quarterly Cash Dividend, Payable on June 9, 2025 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on June 9, 2025, to all stockholders of record as of the close of business on May 27, 2025. Announcement • Apr 17
Paycom Software, Inc. to Report Q1, 2025 Results on May 07, 2025 Paycom Software, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Apr 05
Paycom Software, Inc., Annual General Meeting, May 05, 2025 Paycom Software, Inc., Annual General Meeting, May 05, 2025. Location: gaillardia, 5300 gaillardia boulevard, oklahoma city, 73142, oklahoma United States Buy Or Sell Opportunity • Apr 04
Now 21% undervalued Over the last 90 days, the stock has risen 1.2% to US$204. The fair value is estimated to be US$258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 10 March 2025. Payment date: 24 March 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.0%). Recent Insider Transactions • Feb 26
Chief Operating Officer recently sold US$764k worth of stock On the 21st of February, Randy Peck sold around 4k shares on-market at roughly US$212 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Randy's only on-market trade for the last 12 months. New Risk • Feb 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. New Risk • Feb 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • Feb 13
Fourth quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 10th March 2025 Payment date: 24th March 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 25%. Buy Or Sell Opportunity • Feb 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to US$203. The fair value is estimated to be US$255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period. Announcement • Feb 11
Paycom Software, Inc. Announces Quarterly Cash Dividend, Payable on March 24, 2025 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on March 24, 2025, to all stockholders of record as of the close of business on March 10, 2025. Buy Or Sell Opportunity • Jan 23
Now 20% undervalued Over the last 90 days, the stock has risen 25% to US$205. The fair value is estimated to be US$258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings are also forecast to grow by 1.6% per annum over the same time period. Announcement • Jan 20
Paycom Software, Inc. to Report Q4, 2024 Results on Feb 12, 2025 Paycom Software, Inc. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Buy Or Sell Opportunity • Jan 02
Now 21% undervalued Over the last 90 days, the stock has risen 20% to US$201. The fair value is estimated to be US$254, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Announcement • Dec 14
Paycom Software, Inc. Appoints Joe Binz to Its Board of Directors and on the Audit Committee Paycom Software, Inc. announced the appointment of Joe Binz to Paycom’s board of directors, effective Dec. 10, 2024. Binz currently serves as chief financial officer at Atlassian, where he is responsible for its global finance organization and oversees the company’s accounting, finance, internal audit, investor relations, tax, treasury and procurement teams. He has more than 30 years of financial leadership experience in the technology industry. Prior to joining Atlassian, Binz held management roles at Microsoft, where he led the company’s finance functions and guided its business transformation to the cloud. Binz also spent eight years at Intel Corporation, where he held a variety of finance roles supporting manufacturing operations, product groups and Intel Capital. Binz holds a Bachelor of Science degree in finance from the University of Illinois Urbana-Champaign and a Master of Business Administration degree from the University of Michigan’s Ross School of Business. Mr. Binz was also appointed to serve on the audit committee of the Board. Upcoming Dividend • Nov 18
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 25 November 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to US$228, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$244 per share. Declared Dividend • Nov 04
Third quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 25th November 2024 Payment date: 9th December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 27%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.31 (vs US$1.30 in 3Q 2023) Third quarter 2024 results: EPS: US$1.31. Revenue: US$451.9m (up 11% from 3Q 2023). Net income: US$73.3m (down 2.6% from 3Q 2023). Profit margin: 16% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in the United Kingdom. Announcement • Oct 31
Paycom Software, Inc. Provides Earnings Guidance for the Quarter and the Year Ending December 31, 2024 Paycom Software, Inc. provided earnings guidance for the quarter and the year ending December 31, 2024. For the quarter, the company expected total revenues in the range of $477 million to $484 million.
For the year, the company expected total revenues in the range of $1.866 billion to $1.873 billion. Announcement • Oct 29
Paycom Software, Inc Declares Quarterly Cash Dividend, Payable on December 9, 2024 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on December 9, 2024, to all stockholders of record as of the close of business on November 25, 2024. Announcement • Oct 10
Paycom Software, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Paycom Software, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Announcement • Sep 23
Paycom Software, Inc.(NYSE:PAYC) dropped from FTSE All-World Index (USD) Paycom Software, Inc.(NYSE:PAYC) dropped from FTSE All-World Index (USD) Upcoming Dividend • Aug 19
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 26 August 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (1.8%). Recent Insider Transactions • Aug 16
CFO & Treasurer recently sold US$1.9m worth of stock On the 12th of August, Craig Boelte sold around 12k shares on-market at roughly US$156 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Craig's only on-market trade for the last 12 months. Declared Dividend • Aug 04
Second quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 26th August 2024 Payment date: 9th September 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 27%. New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.6m sold). Announcement • Jul 31
Paycom Announces Quarterly Cash Dividend, Payable on Sept. 9, 2024 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on Sept. 9, 2024, to all stockholders of record as of the close of business on Aug. 26, 2024. Announcement • Jul 18
Paycom Software, Inc. Announces the Appointment of Archana Vemulapalli to Board of Directors, Effective July 30, 2024 Paycom Software, Inc. announced the appointment of Archana Vemulapalli to Paycom’s board of directors, effective July 30, 2024. Vemulapalli has more than 23 years of technology leadership experience. She currently serves as corporate vice president of Global Commercial Sales and leads Global System Integrator/System Integrator alliances at Advanced Micro Devices (‘AMD’). Prior to joining AMD, she held management roles at Amazon Web Services (‘AWS’), where she served as head of Product and Global Strategy for data and AI and as general manager and head of Solutions Architecture for North America. Prior to AWS, Vemulapalli was the general manager and global chief technology officer for IBM’s Infrastructure Services business with direct oversight of its global portfolio strategy, software product development and offerings portfolio. In her role, she transformed product strategy, investments and management to drive infrastructure services growth globally. Prior to IBM, she served as chief technology officer for the Washington, D.C., government, where she held a key cabinet position overseeing the central technology agency that managed enterprise applications, infrastructure and delivery services. Vemulapalli has a master’s degree in leadership from Georgetown University and a master’s degree in telecommunications from the University of Pennsylvania. She earned her undergraduate degree in engineering from the University of Madras. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$161, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 56% over the past three years. Announcement • Jul 11
Paycom Software, Inc. to Report Q2, 2024 Results on Jul 31, 2024 Paycom Software, Inc. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Recent Insider Transactions • Jun 03
Founder recently sold US$633k worth of stock On the 30th of May, Chad Richison sold around 4k shares on-market at roughly US$162 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Chad has been a net seller over the last 12 months, reducing personal holdings by US$633k. Announcement • Jun 02
Paycom Software, Inc. Announces Chief Executive Officer Changes Paycom Software, Inc. announced that on May 29, 2024, for personal reasons, Christopher G. Thomas resigned from his position as Co-Chief Executive Officer of the Company, effective immediately. Chad Richison will continue to lead the Company as Chief Executive Officer, President and Chairman of the Board of Directors. Announcement • Jun 01
Paycom Software, Inc. Announces Management Promotions Paycom Software, Inc. announced that Randy Peck, a 20-year Paycom veteran, has been appointed to serve as Paycom’s Chief Operating Officer, while Matt Paque and Jennifer Kraszewski have been promoted to Chief Legal Officer and Chief Human Resources Officer, respectively. Peck has served in vital roles across the organization, including most recently as Paycom’s Strategic Advisor to Executive Management. Prior to that, Peck held various positions in operations, client service, product management and sales, including Director of Software Strategy, Director of Operations and Director of Client Service, among others. Peck has more than 34 years of management experience in the payroll and HCM space. He earned his bachelor’s degree in finance from Oklahoma State University. Kraszewski, who previously served as Paycom’s Senior Executive Vice President of Human Resources, joined the Company in 2018. She has more than 25 years of HR leadership experience, driving transformative, business-focused human capital strategies in high-growth industries to achieve efficiencies, compliance and employee engagement. Under her leadership, Paycom has won numerous awards for its workplace culture, including Top Workplaces USA, Gallup’s Exceptional Workplace Award, Comparably’s Best Companies for Career Growth and Best Companies for Women, and America’s Greatest Workplaces for Parents and Families by Newsweek. Paque previously served as general counsel. In his new role, he will continue to oversee all legal affairs of the Company, including commercial, corporate governance, compliance and risk. He will continue to serve as Secretary of the Company as well. Paque has over 20 years’ experience as an attorney. Before joining Paycom in 2017, he worked in private practice and was assistant general counsel at a global publicly traded manufacturing company. Upcoming Dividend • May 20
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 24 May 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (1.8%). Recent Insider Transactions • May 11
Chief Information Officer recently sold US$504k worth of stock On the 8th of May, Bradley Smith sold around 3k shares on-market at roughly US$172 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months. Declared Dividend • May 06
First quarter dividend of US$0.38 announced Dividend of US$0.38 is the same as last year. Ex-date: 24th May 2024 Payment date: 10th June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 30%. Announcement • May 04
Paycom Software, Inc. Provides Earnings Guidance for the Quarter Ending June 30, 2024 Paycom Software, Inc. provided earnings guidance for the quarter Ending June 30, 2024 and year ending December 31, 2024. For the quarter, the company expects total revenues in the range of $434 million to $438 million. Announcement • May 03
Paycom Expands Automated Payroll with Beti into Ireland Paycom Software, Inc. announced it will expand its product offerings and geographic reach into Ireland. This latest development includes access to Beti®, an industry-first solution that empowers employees to do their own payroll. This expansion follows the company’s recent introduction of payroll services in Canada, Mexico and the U.K. It also follows the 2023 launch of Global HCM™, which increased a number of Paycom applications and tools in more than 180 countries and 15 languages and dialects. Now, Paycom will offer its single-software solution for HCM, payroll and tax filing to support organizations with employees in Ireland. New Risk • May 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Apr 30
Paycom Software, Inc. Announces Quarterly Cash Dividend, Payable on June 10, 2024 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on June 10, 2024, to all stockholders of record as of the close of business on May 28, 2024. Announcement • Apr 11
Paycom Software, Inc. to Report Q1, 2024 Results on May 01, 2024 Paycom Software, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 01, 2024 Announcement • Apr 02
Paycom Software, Inc. Announces Executive Changes Paycom Software, Inc. announced that Amy Walker, a nearly 14-year Paycom veteran who has overseen its outside sales team as Executive Vice President of Outside Sales since November 2023, will expand her role to now include emerging markets and client relations. As Executive Vice President of Sales, Walker replaces Holly Faurot who is transitioning from Paycom’s Chief Sales Officer to a consulting role for the company, where she will focus on client success. Walker started as a sales representative in Paycom’s St. Louis office and quickly rose through the ranks in the sales organization. She opened and managed several sales offices and regions prior to her role as Executive Vice President of Outside Sales. Announcement • Mar 29
Paycom Software, Inc., Annual General Meeting, Apr 29, 2024 Paycom Software, Inc., Annual General Meeting, Apr 29, 2024, at 11:00 Central Daylight. Location: Gaillardia, 5300 Gaillardia Boulevard Oklahoma City United States Agenda: To elect three Class II directors, each to serve until the date of the 2027 annual meeting of stockholders and until his or her successor has been duly elected and qualified, or his or her earlier death, resignation or removal; to ratify the appointment of Grant Thornton LLP as company independent registered public accounting firm for the year ending December 31, 2024; and to approve, on an advisory basis, the compensation of our named executive officers. Upcoming Dividend • Feb 23
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 01 March 2024. Payment date: 18 March 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$5.91 (vs US$4.86 in FY 2022) Full year 2023 results: EPS: US$5.91 (up from US$4.86 in FY 2022). Revenue: US$1.69b (up 23% from FY 2022). Net income: US$340.8m (up 21% from FY 2022). Profit margin: 20% (in line with FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Significant insider selling over the past 3 months (US$1.7m sold). Announcement • Feb 06
Paycom Software, Inc. Announces Quarterly Cash Dividend, Payable on March 18, 2024 Paycom Software, Inc. announced that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on March 18, 2024, to all stockholders of record as of the close of business on March 4, 2024. New Risk • Jan 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Significant insider selling over the past 3 months (US$1.7m sold). Announcement • Jan 19
Paycom Software, Inc. to Report Q4, 2023 Results on Feb 07, 2024 Paycom Software, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 07, 2024 Announcement • Dec 22
Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Paycom Software, Inc Robbins Geller Rudman & Dowd LLP announces that purchasers of Paycom Software, Inc. common stock between February 9, 2022 and October 31, 2023, inclusive, have until January 9, 2024 to seek appointment as lead plaintiff of the Paycom class action lawsuit. Captioned Caloto v. Paycom Software, Inc., No. 23-cv-11086 (S.D.N.Y.), the Paycom class action lawsuit charges Paycom and certain of its top executives with violations of the Securities Exchange Act of 1934. A previously filed complaint, captioned Ventrillo v. Paycom Software, Inc., No. 23-cv-01019, is pending in the Western District of Oklahoma. Paycom provides cloud-based human resources and payroll functions for small to mid-sized companies. In July 2021, Paycom officially rolled out a new application called “Beti,” which stands for Better Employee Transaction Interface, as an enhancement to Paycom’s then-existing payroll offerings. The Paycom class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Paycom had been relying upon a significant, but undisclosed, amount of one-off payroll correction fees to fuel its outsized revenue growth; (ii) increased adoption of Beti by Paycom’s payroll customers was cannibalizing the fees Paycom had previously been charging to correct common payroll mistakes and to provide related services; and (iii) the increased Beti adoption was decreasing Paycom’s gross profit margins. On August 1, 2023, Paycom announced its gross margin for the second quarter of 2023 declined from 84.2% to 83.2%. Paycom further projected revenue guidance for the third quarter of 2023 between $410 million to $412 million, below market expectations. Then, on October 31, 2023, Paycom disclosed that increased Beti adoption had been cannibalizing the one-off fees Paycom had previously been receiving for correcting payroll errors and that Paycom had been relying on those additional payroll correction fees to support its past outsized revenue growth. The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud. Announcement • Dec 13
Paycom Software, Inc. Releases DDX Update Based on Latest EY Findings Paycom Software, Inc. announced updated cost estimates of data entry and HR tasks within its usage management analytics tool, Direct Data Exchange (DDX). These figures are based on the latest findings by professional services firm Ernst & Young (EY), who found the average cost of a single manual data entry made by an HR professional increased from $4.70 to $4.78. An HR product, DDX gives employers insights into efficiencies gained through employee usage of HR technology. It provides a real-time estimated return on investment for that usage based on EY's research, which is reflected in Paycom's industry-first product. EY regularly updates its calculations by applying inflation factors to survey data. This year's study also includes consideration for manual payroll tasks completed by HR professionals. When payroll tasks are included, the average cost of a Single manual data entry rises from $4.78 to $5.35. These estimated costs are only averages. EY also concluded that the cost per data entry of each task varies and can be as much as $21.18. Additionally, according to EY's annual research, the cost per HR task has continued to increase across every category of HR data -- such as expense management, personal information and more -- since the original survey launched in 2018. Paycom's DDX automatically calculates these costs for clients so they can, in turn, drive employee usage of Paycom's Employee Self-Service technology. With the launch of DDX, Paycom became the first in the human capital management industry to provide a tool that assists employers in determining what appropriate employee usage of HR technology looks like and how to measure it. Recent Insider Transactions • Dec 09
Chief Administrative Officer recently sold US$1.7m worth of stock On the 6th of December, Jason Clark sold around 9k shares on-market at roughly US$185 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.2m more than they bought in the last 12 months. Announcement • Dec 06
Paycom Software, Inc. Launches GONE, Automating Time-Off Request Decisions Paycom Software, Inc. announced the launch of its next step in automation, GONE™, a feature that facilitates decision-making for time-off requests. Businesses can now automate time-off decisions to best fit their needs using a customizable decision engine for time-off approval and denial, including staffing needs, consecutive days requested, individual employee hours worked, level of seniority and more. Through enhanced automation, GONE standardizes time-off management with policy-compliant decisioning designed to ensure fairness, timeliness and regulatory compliance. For businesses and their employees, GONE helps eliminate: waiting on or tracking down time-off decisions updating incorrect time-off information for payroll; losing employees’ trust due to time-off guidelines being unclear or unfair; being understaffed because of poor time-off management and unapproving time-off approval or mediating time-off denial disputes. Announcement • Nov 22
Paycom Software, Inc. Announces Management Changes, Effective December 4, 2023 On November 17, 2023, the Board of Directors of Paycom Software, Inc. approved the appointment of Jason D. Clark as Chief Administrative Officer of the Company, effective December 4, 2023. In this role, Mr. Clark will oversee certain administrative operations for the Company. Mr. Clark, 53, has served as a member of the Board since August 2014 and currently serves as a member of the Board’s Audit Committee and as chairperson of the Board’s Nominating and Corporate Governance Committee. He is also a member of the Board committee that oversees the Company’s stock repurchase plan. Mr. Clark will resign from such Board and committee positions immediately prior to assuming his duties as Chief Administrative Officer on December 4, 2023. Effective on and subject to Mr. Clark’s resignation from the Board, the size of the Board will be reduced from eight to seven directors. Mr. Clark has served as President and Chief Executive Officer of CompSource Mutual Insurance Company since March 2009. He has over 30 years of experience in the insurance industry specializing in workers’ compensation insurance. Mr. Clark earned his Bachelor of Business Administration in Finance degree from the University of Central Oklahoma. 
