Paycom Software (PAYC) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.09%. A quarter ago, it was expected that this maker of human-resources and payroll software would post earnings of $1.58 per share when it actually produced earnings of $1.62, delivering a surprise of 2.53%. Ove ...

Exhibit 99.1 Paycom Software, Inc. Reports Third Quarter 2024 Results Third Quarter Revenues of $452 million, up 11% from the comparable prior year period Third Quarter GAAP Net Income of $73 million, representing 16% of total revenues, or $1.31 per diluted share Third Quarter Non-GAAP Net Income of $93 million, or $1.67 per diluted share Third Quarter Adjusted EBITDA of $171 million, representing 38% of total revenues OKLAHOMA CITY – October 30, 2024 – (BUSINESS WIRE) – Paycom Software, Inc. ("Paycom," "we ...

文章核心观点 - Paycom Software (PAYC)预计第三季度收入将在4.44亿美元至4.49亿美元之间,同比增长约10% [1] - Paycom第三季度调整后EBITDA预计将在1.55亿美元至1.59亿美元之间,调整后EBITDA利润率约为35% [1] - Paycom过去4个季度的业绩均超出了市场预期,平均超出幅度为6.7% [1] 公司业务表现 - Paycom的业务增长得益于不断扩大的客户群、高毛利的经常性收入业务模式,以及通过人工智能提升产品功能 [2] - Paycom持续的员工使用策略、销售以及在人工智能、自动化、国际扩张和客户价值主张等领域的投资,有助于推动第三季度的销售增长 [2] - Paycom专注于为Beti和GONE解决方案增加更多功能,同时提供无缝的员工体验,有助于吸引更多潜在客户 [3] 行业挑战 - 由于宏观经济环境不确定,Paycom客户群体裁员,可能会影响Paycom的业务,导致交易量下降或客户流失 [3] - 在当前的宏观经济挑战和地缘政治问题下,潜在客户可能会降低对工资和其他人力资本管理服务的整体支出 [3]

Paycom Software (PAYC) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octo ...

公司业绩 - Paycom(NYSE: PAYC)有长期快速增长的记录过去十年每年营收增长超过29% [1] - 公司在过去产生了超过2014年营收10倍的业绩 [1] 分析师披露 - 分析师/我们通过股票所有权、期权或其他衍生品在PAYC股票中拥有有利的多头头寸分析师自己撰写文章表达自己的观点未因文章接受报酬(除了来自Seeking Alpha)与文章中提到股票的任何公司没有业务关系 [2] Seeking Alpha披露 - 过去的表现不能保证未来的结果没有给出关于任何投资是否适合特定投资者的推荐或建议上述表达的任何观点或意见可能不能反映Seeking Alpha整体的观点Seeking Alpha不是持牌证券交易商、经纪人或美国投资顾问或投资银行分析师是第三方作者包括可能未被任何机构或监管机构许可或认证的专业投资者和个人投资者 [3]

Over the last several years, almost everything that could go wrong has gone wrong for Paycom (NYSE: PAYC ). Since late 2021, the company's revenue and earnings have decelerated, and it has gone from one of the most attractive growth I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to grav ...

PayCom Software, Inc. (NYSE: PAYC ) is a US company specialising in the development of cloud-based human resource management (HRM) and payroll software, whose share price has fallen by around 70% since the end of 2021. Unsurprisingly, a staggeringly large increase was priced into the I am a full-time investor focusing on high-quality and growth companies. One of my other major areas is stocks with high starting dividends and low valuations. I regularly use EVA framework in addition to the normal accounting ...

文章核心观点 - Paycom公司的股价下跌70%,但其收入已基本三倍增长,且自由现金流表现强劲,目前估值处于历史低位 [1][2] - Paycom公司推出的新产品Beti虽然导致部分现有销售被替代,但提高了客户满意度,未来有望带来更高的销售增长 [3][4][5] - Paycom公司持续加大研发投入,不断提升产品自动化能力,同时保持了强劲的自由现金流,有望成为长期复合增长的优质公司 [6][7] - Paycom公司目前估值处于历史低位,且有大规模股票回购计划,未来股价有望反弹 [8][9] 行业分析 - Paycom公司专注于人力资源管理软件即服务(HCM SaaS)领域,是该行业的领先企业之一 [1][2] - 该行业具有较高的客户粘性和持续增长潜力,Paycom公司通过不断创新产品来满足客户需求,保持了较高的客户满意度 [4][5] 公司分析 - Paycom公司收入和自由现金流持续增长,财务状况良好,具有较强的抗风险能力 [2][6][7][9] - 公司管理层注重产品创新和客户满意度,未来发展前景看好 [3][4][5][6][7] - 公司当前估值处于历史低位,且有大规模股票回购计划,未来股价有望反弹 [8][9]

Paycom Software, Inc. (PAYC) has witnessed a challenging year, with its stock down more than 23% year to date (YTD), significantly underperforming the broader market. In contrast, the S&P 500 and the Zacks Computer and Technology sector have seen gains of 17.6% and 22.5%, respectively. Paycom's performance has also lagged behind key competitors like SAP SE (SAP) , Automatic Data Processing, Inc. (ADP) and Paychex, Inc. (PAYX) , which have posted YTD gains of 40.9%, 13.5% and 5.2%, respectively. This dispari ...

投资总结 - 公司对Paycom (NYSE:PAYC)维持买入评级，认为其新销售策略正在发挥作用，预计将推动2024年下半年增长加速[2] 2Q24业绩更新 - Paycom报告2024年第二季度收入增长9.1%，总收入达到4.37亿美元，其中4.3亿美元为 recurring revenue。调整后毛利率为81.8%，较去年同期下降220个基点，主要由于增加招聘和第五栋建筑的额外折旧贡献。调整后EBIT从去年的30.6%压缩至27.3%。公司季度末持有3.465亿美元的净现金，无债务[3] 2024年下半年增长加速的可能性 - 公司更新指引显示，2024财年收入增长中点为10%，预计第三季度增长约10%，第四季度隐含增长11%。尽管过去两年公司增长持续放缓，但管理层在新销售策略上的执行表现良好，预计将推动增长加速[4] - 自新策略实施以来，公司已看到积极成果，如2024年第二季度销售单位比去年同期增加24%，客户回流增加。此外，公司历史上最高的销售周发生在2024年7月，且7月新增了最多的销售代表。这些因素表明，随着销售团队的成熟，2024年第四季度表现可能优于第三季度，且2024年下半年面对较弱的同比增长基数，增长加速是可能的[5] 资本回报改善 - 公司未在先前模型中考虑资本回报，但近期管理层显著增加了股票回购趋势，如2024年第二季度股票数量同比下降250个基点。公司已增加并延长股票回购授权，至2026年8月，可用金额为15亿美元，占当前市值的约17%。公司财务状况稳健，无债务，自由现金流利润率保持在20%，预计随着经济改善和招聘活动增加，收入增长将推动自由现金流增长[6] 估值 - 公司采用前瞻性EBITDA方法对Paycom进行建模，认为股票具有吸引力。预计2024财年和2025财年增长分别为12%和15%，调整后EBITDA利润率有望恢复至40%以上。此外，预计市盈率将重新评级至14.5倍前瞻性EBITDA，资本回报也反映在模型中[8] 结论 - 公司维持对Paycom的买入评级，认为新销售策略的积极成果、增长加速的潜力以及增加的股票回购计划对股东有利[10]