Financial PerformanceAnalyst sees potential for the company to reaccelerate growth in the second half of the year due to key initiatives and easing comparisons.
Market ExpansionThe company announced the launch of native payroll capabilities in Ireland, expanding its international presence.
Product And Service DevelopmentManagement has committed to driving product innovation with a focus on automation and ROI, leading to improved customer success.
Bears Say
Customer RetentionCustomer retention declined to 90% (from 91% in 2022 and 94% in 2021), driven by higher churn down-market.
GuidanceGuidance for Q1 and full year 2024 is well below consensus, leading to a reduction in estimates and price target.
Revenue GrowthRevenue growth decelerated to 17% Y/Y vs. 22% Y/Y in Q3 and 30% Y/Y in Q4 2022.
What was Paycom’s price range in the past 12 months?
Paycom lowest share price was $145.92 and its highest was $370.98 in the past 12 months.
What is Paycom’s market cap?
Currently, no data Available
When is Paycom’s upcoming earnings report date?
Paycom’s upcoming earnings report date is Jul 30, 2024 which is in 87 days.
How were Paycom’s earnings last quarter?
Paycom released its earnings results on May 01, 2024. The company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.448 by $0.142.
Paycom pays a Thriceyearly dividend of $0.38 which represents an annual dividend yield of 0.9%. See more information on Paycom dividends here
What is Paycom’s EPS estimate?
Paycom’s EPS estimate is $1.64.
How many shares outstanding does Paycom have?
Currently, no data Available
What happened to Paycom’s price movement after its last earnings report?
Paycom reported an EPS of $2.59 in its last earnings report, beating expectations of $2.448. Following the earnings report the stock price went down -11.622%.
Which hedge fund is a major shareholder of Paycom?
Among the largest hedge funds holding Paycom’s share is ValueAct Holdings LP. It holds Paycom’s shares valued at 126M.
Incorporated in 1998, Oklahoma-based Paycom Software, Inc. provides cloud-based human capital management (HCM) software services for small to mid-sized companies in the United States.
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