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Paycom Software Inc Stock Research

PAYC

266.85USD-10.50(-3.79%)Market Closed

Market Summary

USD266.85-10.50
Market Closed
-3.79%

PAYC Alerts

PAYC Stock Price

PAYC RSI Chart

PAYC Valuation

Market Cap

16.2B

Price/Earnings (Trailing)

57.59

Price/Sales (Trailing)

11.78

EV/EBITDA

35.77

Price/Free Cashflow

69.73

PAYC Price/Sales (Trailing)

PAYC Profitability

Operating Margin

84.53%

EBT Margin

28.33%

Return on Equity

23.79%

Return on Assets

7.21%

Free Cashflow Yield

1.43%

PAYC Fundamentals

PAYC Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

30.04%

Revenue Q/Q

10.91%

PAYC Earnings

Earnings (TTM)

281.4M

Earnings Y/Y

64.21%

Earnings Q/Q

53.3%

Price Action

52 Week Range

255.82402.78
(Low)(High)

Last 7 days

-3.8%

Last 30 days

-13.9%

Last 90 days

-11.8%

Trailing 12 Months

-9.2%

PAYC Financial Health

Current Ratio

1.16

Debt/Equity

0.03

Debt/Cashflow

11.25

PAYC Investor Care

Buy Backs (1Y)

0.25%

Diluted EPS (TTM)

4.84

Peers (Alternatives to Paycom Software)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
-1.92% -6.89%
30.5
10.08
10.38% -5.25%
228.6B
46.1B
-7.20% 4.35%
25.98
4.96
11.29% -14.28%
186.7B
31.4B
6.91% -6.75%
897.78
5.96
19.41% -85.60%
163.2B
17.6B
-11.04% -20.88%
34.32
9.27
11.54% -1.37%
20.9B
4.4B
-7.13% -28.23%
201.15
4.75
7.15% -92.46%
12.1B
-
-3.12% 49.09%
44.35
17.39
- -
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
8.9B
767.1M
-2.98% 9.04%
69.2
11.63
15.59% 16.73%
6.5B
869.9M
3.14% -9.62%
-33
7.53
13.87% -103.37%
3.1B
468.0M
2.00% -15.48%
-20.53
6.62
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.2B
383.7M
4.07% -32.35%
-9.91
3.24
14.43% -50.89%
1.2B
399.9M
30.95% 57.36%
-14.32
2.91
4.73% 8.15%
152.1M
317.3M
-43.48% -70.17%
-2.22
0.48
5.06% -17.52%

Financials for Paycom Software

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue6.6%1,3751,2901,2121,1371,056
  S&GA Expenses4.8%784748713677640
  R&D Expenses3.6%148143134125118
EBITDA12.0%442394358329-
EBITDA Margin5.1%0.32*0.31*0.30*0.29*-
Earnings Before Taxes12.7%390346314288256
EBT Margin5.7%0.28*0.27*0.26*0.25*-
Interest Expenses19.8%3.002.001.001.000.00
Net Income12.5%281250228223196
Net Income Margin5.5%0.20*0.19*0.19*0.20*-
Free Cahsflow16.0%232200216217-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets17.7%3,9033,3154,8925,4453,215
  Current Assets24.0%2,7642,2283,8484,4342,252
    Cash Equivalents26.3%401317279361278
  Inventory9.2%2.001.002.001.001.00
  Net PPE4.8%402384375363349
  Goodwill0%52.0052.0052.0052.0052.00
Liabilities21.5%2,7202,2383,8984,4362,321
  Current Liabilities25.3%2,3771,8983,5684,1131,990
  Long Term Debt1.0%29.0029.0029.00--
    LT Debt, Current-100.0%-2.002.00--
    LT Debt, Non Current0%29.0029.0029.0027.0027.00
Shareholder's Equity9.9%1,1831,0769941,009894
  Retained Earnings7.2%1,1971,1171,0651,008916
  Additional Paid-In Capital4.8%577550518490466
Shares Outstanding0%58.0058.0058.0058.0058.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations11.9%365326342347319
  Share Based Compensation3.2%95.0092.0096.0096.0098.00
Cashflow From Investing89.7%-23.29-225-230-332-257
Cashflow From Financing119.3%255-1,3171,2651,579166
  Buy BacksInfinity%95.000.00189--

Risks for PAYC

What is the probability of a big loss on PAYC?

76.9%


Probability that Paycom Software stock will be more than 20% underwater in next one year

50.8%


Probability that Paycom Software stock will be more than 30% underwater in next one year.

34.6%


Probability that Paycom Software stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PAYC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Paycom Software was unfortunately bought at previous high price.

Drawdowns

Returns for PAYC

Cumulative Returns on PAYC

35.9%


7-Year Cumulative Returns

20.4%


5-Year Cumulative Returns

7.0%


3-Year Cumulative Returns

What are the long-term rolling returns for PAYC?

FIve years rolling returns for Paycom Software.

Annualized Returns

Which funds bought or sold PAYC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-10.08
-149,954
817,046
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-59.87
-20,716,400
12,557,600
0.01%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
added
6.81
2,102
623,102
0.04%
2023-03-06
Rockefeller Capital Management L.P.
added
24.79
76,000
507,000
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
216,447,000
216,447,000
2.68%
2023-02-28
Voya Investment Management LLC
added
7.83
8,712,780
332,862,000
0.47%
2023-02-27
Gallagher Benefit Services, Inc.
new
-
214,114
214,114
0.04%
2023-02-27
REBALANCE, LLC
new
-
51,822
51,822
-%
2023-02-24
NATIXIS
added
86.58
9,459,940
21,996,900
0.12%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-60.00
-1,379
621
-%

1–10 of 46

Latest Funds Activity

Are funds buying PAYC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PAYC
No. of Funds

Paycom Software News

Investor's Business Daily

S&P 500: Crashing Bank Stock, Dow Giant Lead Losers.

Investor's Business Daily,
2 days ago

Journal Record

JR Index declines by 4.7% for week.

Journal Record,
3 days ago

Yahoo Finance

Schedule 13G FIlings of Paycom Software

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.63%
5,782,895
SC 13G/A
Feb 03, 2023
blackrock inc.
8.3%
4,811,106
SC 13G/A
Nov 18, 2022
richison chad r.
6.1%
3,670,999
SC 13D/A
Feb 15, 2022
richison chad r.
6.1%
3,670,999
SC 13D/A
Feb 14, 2022
price t rowe associates inc /md/
3.5%
2,103,618
SC 13G/A
Feb 03, 2022
blackrock inc.
8.9%
5,360,203
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
6.3%
3,732,750
SC 13G/A
Feb 10, 2021
vanguard group inc
9.16%
5,358,909
SC 13G/A
Jan 29, 2021
blackrock inc.
8.6%
5,059,977
SC 13G/A
Nov 23, 2020
richison chad r.
6.1%
3,670,999
SC 13D/A

PAYC Fair Value

Paycom Software fair value in different scenarios

The table shows the Fair Value estimates for Paycom Software for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

113.64

-57.41%

158.71

-40.52%

238.60

-10.59%

359.14

34.58%

435.50

63.20%
Current Inflation

103.87

-61.08%

142.61

-46.56%

210.04

-21.29%

311.79

16.84%

375.76

40.81%
Very High Inflation

91.82

-65.59%

123.18

-53.84%

176.40

-33.90%

256.84

-3.75%

306.89

15.00%

Historical Paycom Software Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Paycom Software

View All Filings
Date Filed Form Type Document
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
PRE 14A
PRE 14A
Mar 16, 2023
3
Insider Trading
Mar 09, 2023
8-K
Current Report
Feb 16, 2023
10-K
Annual Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 08, 2023
4
Insider Trading
Feb 08, 2023
4
Insider Trading
Feb 08, 2023
4
Insider Trading
Feb 07, 2023
8-K
Current Report

Latest Insider Trading transactions for PAYC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-06
Faurot Holly
acquired
-
-
817
chief sales officer
2023-02-06
Smith Bradley Scott
sold (taxes)
-85,719
329
-260
chief information officer
2023-02-06
Smith Bradley Scott
acquired
-
-
817
chief information officer
2023-02-06
Faurot Holly
sold (taxes)
-85,719
329
-260
chief sales officer
2023-02-06
Boelte Craig E.
sold (taxes)
-316,173
329
-959
chief financial officer
2023-02-06
Boelte Craig E.
acquired
-
-
3,119
chief financial officer
2023-02-04
Faurot Holly
acquired
-
-
278
chief sales officer
2022-12-28
Smith Bradley Scott
gifted
-
-
-1,500
chief information officer
2022-12-15
Faurot Holly
gifted
-
-
-300
chief sales officer
2022-12-09
Boelte Craig E.
gifted
-
-
-1,120
chief financial officer

1–10 of 50

Chad R. Richison
5380
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/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, Paycom pay, expense management, mileage tracker/fixed and variable rates, garnishment management, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning and content subscriptions, as well as my analytics, which offer employment predictor reporting. 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; COBRA administration; personnel action and performance discussion forms; surveys; and affordable care act applications, as well as Clue, which securely collect, track, and manage the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.

PAYC Income Statement

2022-12-31
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Total revenues$ 1,375,218$ 1,055,524$ 841,434
Cost of revenues   
Operating expenses169,806130,47597,778
Depreciation and amortization42,93531,41125,768
Total cost of revenues212,741161,886123,546
Administrative expenses   
Sales and marketing346,561275,994235,716
Research and development148,343118,42690,244
General and administrative239,130209,840178,200
Depreciation and amortization49,76435,81127,605
Total administrative expenses783,798640,071531,765
Total operating expenses996,539801,957655,311
Operating income378,679253,567186,123
Interest expense(2,536) (19)
Other income (expense), net13,4352,395(168)
Income before income taxes389,578255,962185,936
Provision for income taxes108,18960,00242,483
Net income$ 281,389$ 195,960$ 143,453
Earnings per share, basic$ 4.86$ 3.39$ 2.49
Earnings per share, diluted$ 4.84$ 3.37$ 2.46
Weighted average shares outstanding:   
Basic57,92857,88557,620
Diluted58,17558,19158,285
Comprehensive earnings (loss):   
Net income$ 281,389$ 195,960$ 143,453
Unrealized net gains (losses) on available-for-sale securities(4,757)  
Tax effect1,054  
Other comprehensive income (loss), net of tax(3,703)  
Comprehensive earnings (loss)277,686195,960143,453
Recurring [Member]   
Revenues   
Total revenues1,351,8561,036,691825,856
Implementation and Other [Member]   
Revenues   
Total revenues$ 23,362$ 18,833$ 15,578

PAYC Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 400,730$ 277,978
Accounts receivable22,8439,490
Prepaid expenses34,05623,729
Inventory1,6071,131
Income tax receivable5,58316,413
Deferred contract costs96,37876,724
Current assets before funds held for clients561,197405,465
Funds held for clients2,202,9751,846,573
Total current assets2,764,1722,252,038
Property and equipment, net402,448348,953
Intangible assets, net54,01758,028
Goodwill51,88951,889
Long-term deferred contract costs567,974461,852
Other assets62,01342,385
Total assets3,902,5133,215,145
Current liabilities:  
Accounts payable16,0545,772
Accrued commissions and bonuses28,43922,357
Accrued payroll and vacation45,02334,259
Deferred revenue19,82516,277
Current portion of long-term debt01,775
Accrued expenses and other current liabilities59,99063,397
Current liabilities before client funds obligation169,331143,837
Client funds obligation2,207,7061,846,573
Total current liabilities2,377,0371,990,410
Deferred income tax liabilities, net141,033145,504
Long-term deferred revenue97,59185,149
Net long-term debt, less current portion29,00027,380
Other long-term liabilities75,24572,988
Total long-term liabilities342,869331,021
Total liabilities2,719,9062,321,431
Commitments and contingencies
Stockholders’ equity:  
Common stock, $0.01 par value (100,000 shares authorized, 62,518 and 62,298 shares issued at December 31, 2022 and December 31, 2021, respectively; 57,867 and 58,012 shares outstanding at December 31, 2022 and December 31, 2021, respectively)625623
Additional paid-in capital576,622465,594
Retained earnings1,196,968915,579
Accumulated other comprehensive earnings (loss)(3,703) 
Treasury stock, at cost (4,651 and 4,286 shares at December 31, 2022 and December 31, 2021, respectively)(587,905)(488,082)
Total stockholders’ equity1,182,607893,714
Total liabilities and stockholders’ equity$ 3,902,513$ 3,215,145