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Tag: PAYC

  • Paycom Software Inc. (PAYC) Reports Beat 2021 Earnings: PAYC on a Rise After Hours

    On February 08, Paycom Software Inc. (PAYC) reported its financial results for the fourth quarter and fiscal 2021. Consequently, the stock continued to rise in the after hours.

    During the regular trading session, the stock went as high as $336.85 and as low as $325.13. PAYC stock closed the session at $335.01 with a gain of 1.96% or $6.43 at a volume of 817.01K shares. Following the announcement, the stock added a further 8.62% in the after-hours. Thus, PAYC was able to increase by a further $28.89 in the after-hours to reach a value of $363.90 on Tuesday.

    Paycom Software Inc. works in the provision of cloud-based human capital management software solutions. These HCM solutions are delivered as Software-as-a-Service by the company. Currently, the company has a market capitalization of $19.72 billion with its 60.03 million shares outstanding.

    PAYC Financials

    Q4 2021

    In Q4 2021, the company had total revenues of $285.0 million, which shows an increase of 29% YOY.

    Moreover, PAYC reported a non-GAAP net income of $64.4 million with $1.11 on a diluted share basis in the quarter.

    Additionally, the adjusted EBIDTA was $109.6 million in the quarter.

    Full Year 2021

    For fiscal 2021, the company reported total revenues of $1,055.5 million with a YOY increase of 25.4%.

    Furthermore, the company had a non-GAAP net income of $260.4 million with $4.48 on a diluted share basis in fiscal 2021.

    In addition, the reported adjusted EBITDA for fiscal 2021 was $419.3 million.

    PAYC Future Outlook

    The company expects revenue of $342 to $344 million for Q1 2022 and $1.314 to $1.316 billion for fiscal 2022.

    Further, the expected adjusted EBIDTA for Q1 and fiscal 2022 is $161-$163 million and $524-$526 million, respectively.

    PAYC Recent Participation

    On December 07, the company participated and virtually presented at the Barclays Global Technology, Media, and Telecommunications Conference.

    Top HR Product of 2021

    On September 29, the company announced its newest innovation BetiTM being awarded the 2021 Top HR Product. The company was awarded the title at the HR Technology Conference & Exposition by Human Resource Executive magazine.

    PAYC’s Beti (Better Employee Transaction Interface) empowers employees to do their own payroll.

    Conclusion

    While the fear of the impact of the pandemic was looming overhead, the investors were still hopeful towards the company’s latest earnings. The earnings report on Tuesday did not disappoint as it beat both revenue and EPS estimates. Hence, the stock added a good value in the after-hours on Tuesday.

  • Paycom Software Inc [PAYC] – A Top Stock to Watch All Through 2020

    Paycom Software Inc [PAYC] – A Top Stock to Watch All Through 2020

    Paycom Software Inc [NYSE: PAYC] has been on an upward trajectory since April. That’s despite the company being impacted by the COVID-19 pandemic. Recently, the company announced that in Q2, its quarterly revenues dropped by 14% compared to a similar period in the last financial year.

    The stock’s strong upside momentum despite this drop can be attributed to the fact that the company has been investing heavily in advertising. While releasing Q2 results, the company stated that it increased its marketing spend by 36% in the quarter, and its research and development budget by 30%.

    According to CEO Chad Richison, the company had spent more on marketing in Q2 than it has ever spent in any other quarter. He also added that aggressive investment in advertising had started to bear fruit on a weekly basis. He stated that while it is not always easy to see where advertising dollars go, the company had clearly seen the benefits in Q2.

    According to him, they were able to see tangible effects in terms of new business development. He added that the results were due to two key factors. The first one is that the company was able to see an increase in the number of customers checking out its website and requesting product demos. Secondly, the company recorded an increase in demand for virtual meetings, which saw an acceleration of the sales cycle to days, from previous cycles that took weeks.

    In terms of Research and Development, the CEO stated that thanks to the R&D efforts, a number of cloud-based tools were developed in Q2. Some of them include the company’s Manager-on-the-go application. This is an app that gives business executives the ability to handle executive business functions straight from their smartphones. He also added that the company would continue investing in R&D to give customers an even better experience.

    These developments have given investors the impression that despite the hard times, this company is willing to adapt to the changing environment.

    What next?

    Going forward, this stock stands to get even stronger. That’s because, with a COVID-19 ending now closer than ever, business is likely to return to normal, sooner rather than later. As this happens, the company will benefit both from its old clientele and the new ones. This is likely to draw in even more investor optimism in the near-term.

    About Paycom Software Inc

    Paycom Software Inc is a cloud-based HR management company. It is based in Oklahoma City, Oklahoma.