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Paycom Soft (PAYC)PAYC
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Upturn Advisory Summary
11/20/2024: PAYC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -19.18% | Upturn Advisory Performance  2 | Avg. Invested days: 31 |
| Profits based on simulation | Stock Returns Performance  1 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -19.18% | Avg. Invested days: 31 |
Upturn Star Rating | Stock Returns Performance 1 |
| Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 12.67B USD |
Price to earnings Ratio 26.45 | 1Y Target Price 201.62 |
Dividends yield (FY) 0.69% | Basic EPS (TTM) 8.31 |
Volume (30-day avg) 672782 | Beta 1.14 |
52 Weeks Range 139.18 - 233.69 | Updated Date 11/21/2024 |
Company Size Large-Cap Stock | Market Capitalization 12.67B USD | Price to earnings Ratio 26.45 | 1Y Target Price 201.62 |
Dividends yield (FY) 0.69% | Basic EPS (TTM) 8.31 | Volume (30-day avg) 672782 | Beta 1.14 |
52 Weeks Range 139.18 - 233.69 | Updated Date 11/21/2024 |
Earnings Date
Report Date 2024-10-30 | When AfterMarket |
Estimate 1.61 | Actual 1.67 |
Report Date 2024-10-30 | When AfterMarket | Estimate 1.61 | Actual 1.67 |
Profitability
Profit Margin 25.78% | Operating Margin (TTM) 23.21% |
Management Effectiveness
Return on Assets (TTM) 10.08% | Return on Equity (TTM) 32.58% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 26.45 | Forward PE 24.27 |
Enterprise Value 12427990810 | Price to Sales(TTM) 6.95 |
Enterprise Value to Revenue 6.81 | Enterprise Value to EBITDA 16.59 |
Shares Outstanding 57662000 | Shares Floating 49063102 |
Percent Insiders 11.84 | Percent Institutions 85.34 |
Trailing PE 26.45 | Forward PE 24.27 | Enterprise Value 12427990810 | Price to Sales(TTM) 6.95 |
Enterprise Value to Revenue 6.81 | Enterprise Value to EBITDA 16.59 | Shares Outstanding 57662000 | Shares Floating 49063102 |
Percent Insiders 11.84 | Percent Institutions 85.34 |
Analyst Ratings
Rating 3.25 | Target Price 379.5 | Buy 1 |
Strong Buy 2 | Hold 17 | Sell - |
Strong Sell - |
Rating 3.25 | Target Price 379.5 | Buy 1 | Strong Buy 2 |
Hold 17 | Sell - | Strong Sell - |
AI Summarization
Paycom Software, Inc.
Company Profile
History and Background: Founded in 1991 by Chad Richison, Paycom is a leading provider of cloud-based human capital management (HCM) software solutions. The company has experienced significant growth in recent years, becoming a Fortune 500 company in 2021.
Core Business Areas: Paycom's core business areas include payroll, human resources, benefits administration, talent management, and workforce management.
Leadership Team: The company's leadership team is led by Chad Richison as Chairman and CEO. Other key executives include Ryan Bergstrom as COO and Dave DeWeese as CFO.
Top Products and Market Share
- Top Products: Paycom's top products include Beti, Onboarding, Talent Acquisition, Time, Performance, Engagement, Leave, and Learn.
- Market Share: Paycom holds a significant market share in the HCM software industry, with over 28,000 clients and a payroll processing capacity of over 15 million employees.
- Product Performance and Market Reception: Paycom's products have received positive reviews and industry awards, including recognition for its innovative features and user-friendly interface.
Total Addressable Market
- Market Size: The global HCM software market is estimated to be worth over $30 billion in 2023.
- Target Market: Paycom's target market includes small, medium, and large businesses across various industries.
Financial Performance
- Revenue: Paycom's revenue has grown significantly in recent years, reaching over $1.6 billion in 2022.
- Net Income: The company's net income has also increased steadily, reaching over $470 million in 2022.
- Profit Margins: Paycom has strong profit margins, with a gross margin of over 80% and an operating margin of over 60%.
- Cash Flow and Balance Sheet: The company has a strong cash flow position and a healthy balance sheet.
Dividends and Shareholder Returns
- Dividend History: Paycom does not currently pay dividends.
- Shareholder Returns: Paycom's stock price has appreciated significantly in recent years, providing strong returns for shareholders.
Growth Trajectory
- Historical Growth: Paycom has experienced consistent growth over the past 5 to 10 years.
- Future Growth Projections: Industry analysts expect Paycom to continue its growth trajectory in the coming years, driven by its innovative products and strong market position.
Market Dynamics
- Industry Trends: The HCM software industry is characterized by rapid technological advancements and a growing demand for cloud-based solutions.
- Competitive Landscape: Paycom faces competition from other major HCM software providers, such as ADP, Workday, and Oracle.
Competitors
- ADP (ADP): Market share of approximately 25%
- Workday (WDAY): Market share of approximately 15%
- Oracle (ORCL): Market share of approximately 10%
Potential Challenges and Opportunities
- Challenges: Paycom may face challenges from increased competition, technological advancements, and economic downturns.
- Opportunities: The company has opportunities to expand its market share, enter new markets, and develop new products and services.
Recent Acquisitions
- 2021: Paycom acquired iSolved, a provider of HCM software solutions, for $2.1 billion. This acquisition expanded Paycom's product portfolio and customer base.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Paycom Soft
| Exchange | NYSE | Headquaters | Oklahoma City, OK, United States |
| IPO Launch date | 2014-04-15 | Founder, President, CEO & Chairman of the Board | Mr. Chad R. Richison |
| Sector | Technology | Website | https://www.paycom.com |
| Industry | Software - Application | Full time employees | 7308 |
| Headquaters | Oklahoma City, OK, United States | ||
| Founder, President, CEO & Chairman of the Board | Mr. Chad R. Richison | ||
| Website | https://www.paycom.com | ||
| Website | https://www.paycom.com | ||
| Full time employees | 7308 |
Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution provides a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling, time-off requests, labor allocation, labor management reports/push reporting, geofencing/geotracking, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, payroll card, Everyday, Paycom pay, Client Action Center, expense management, mileage tracker/fixed and variable rates, garnishment administration, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning, as well as my analytics. In addition, its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; benefit enrollment service; COBRA administration; personnel action and performance discussion forms; surveys; 401(k) reporting; report center; and affordable care act applications, as well as Clue, which securely collects, tracks, and manages the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is based in Oklahoma City, Oklahoma.
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