PAYC Stock Recent News

Paycom Software, Inc. (NYSE:PAYC ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants James Samford - Head of IR Chad Richison - President & CEO Craig Boelte - CFO Conference Call Participants Raimo Lenschow - Barclays Samad Samana - Jefferies Mark Marcon - Baird Joshua Reilly - Needham Steven Enders - Citi Kevin McVeigh - UBS Phillip Leytes - Mizuho Zane Meehan - KeyBanc Ryan Krieger - Wolfe Research Bhavin Shah - Deutsche Bank Daniel Jester - BMO Jared Levine - TD Cowen Zachary Gunn - FT Partners Operator Good afternoon. Thank you for attending the Paycom Software Second Quarter 2024 Quarterly Results Conference Call.

Paycom Software (PAYC) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.62 per share a year ago.

OKLAHOMA CITY--(BUSINESS WIRE)--Today, Oklahoma Sports Hall of Fame (OSHOF) and Jim Thorpe Association released the prestigious Paycom Jim Thorpe Award Preseason Watch List. This list includes 42 of the nation's best defensive backs, representing nine conferences and one independent university. The preseason watch list is selected by a screening committee whose members compile a list of up to 50 players based on previous performance in NCAA Division I college football and preseason All-America.

OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today 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. About Paycom For 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified businesses and the lives of their.

Paycom's (PAYC) second-quarter results are likely to reflect benefits from the strong demand for its latest products, the addition of new customers and high-margin recurring revenues.

Paycom (PAYC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shares of Zscaler and Paycom Software have tumbled 45% and 73%, respectively, from their record highs, but Wall Street analysts see upside in both stocks. Zscaler is a recognized leader in zero trust network security, but adjacent products for cloud workload and data protection are gaining traction with clients.

The average of price targets set by Wall Street analysts indicates a potential upside of 25% in Paycom (PAYC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

No debt and sales expected to grow 10.2% this year.

Paycom is a cloud-based human capital management software company that offers an all-in-one platform for managing the employment life cycle. The company has strong fundamentals, including fast revenue and earnings growth, high free cash flow, and a high return on invested capital. Paycom is undervalued in the market, with low price to free cash flow levels, and has a favorable market position with potential for international growth.