Apple investigating outages affecting Apple TV+, Apple Music services
Paycom Software, Inc. (NYSE:PAYC), a $12.24 billion market cap company with impressive 86% gross profit margins, reported that Felicia Williams has notified its Board of Directors of her decision to retire from the Board and all related committees, effective September 30, 2025. According to InvestingPro data, the company maintains strong financial health with more cash than debt on its balance sheet. The announcement was made in a statement included in a regulatory filing with the Securities and Exchange Commission.
Following Ms. Williams’s retirement, the size of the Board will be reduced from eight to seven directors. The company stated that her retirement is not related to any disagreement with Paycom Software regarding its operations, policies, or practices.
Frederick C. Peters II will assume the role of chairperson of the audit committee of the Board, effective upon Ms. Williams’s retirement.
This information is based on a statement provided in a recent SEC filing.
In other recent news, Paycom Software has reported significant developments. The company delivered strong second-quarter earnings, with KeyBanc Capital Markets highlighting a "strong 2Q beat" on both top and bottom lines. Following these results, Paycom raised its full-year guidance, exceeding the quarterly outperformance. BMO Capital also noted Paycom’s second-quarter results surpassed expectations, leading to an increased price target from $244 to $258. Additionally, Stifel raised its price target to $240, attributing this to a notable growth in EBITDA margins by 450 basis points year-over-year, driven by revenue gains and efficiency improvements.
In terms of analyst ratings, KeyBanc maintained an Overweight rating with a price target increase to $290. Conversely, TD Cowen adjusted its price target to $246, maintaining a Hold rating due to concerns over free cash flow. Furthermore, Paycom announced executive leadership changes with Shane Hadlock taking on expanded roles as both chief client officer and chief technology officer. These updates reflect recent strategic and financial adjustments within Paycom Software.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.