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.
Leadership Shifts | Explore Paycom's recent executive changes, including a co-CEO resignation, and their potential impact on the company's strategic direction and performance |
Market Headwinds | Delve into the challenges Paycom faces amidst a decelerating B2B software market and how the company is positioning itself to navigate these obstacles |
Growth Strategies | Learn about Paycom's focus on automation, customer service enhancement, and ROI improvement as key drivers for future growth and competitive advantage |
Financial Outlook | Analyst price targets range from $167 to $190, with EPS estimates of $7.87 for FY2024 and $8.71 for FY2025, reflecting expectations of continued profitability |
Metrics to compare | PAYC | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipPAYCPeersSector | |
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P/E Ratio | 28.5x | 24.8x | 11.9x | |
PEG Ratio | 0.67 | −1.41 | 0.03 | |
Price/Book | 9.2x | 3.0x | 1.4x | |
Price / LTM Sales | 7.4x | 4.9x | 1.2x | |
Upside (Analyst Target) | −7.3% | 20.4% | 19.8% | |
Fair Value Upside | Unlock | 8.1% | 5.8% | Unlock |