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Paycom Software Inc PAYC Stock Quote

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Morningstar‘s Stock Analysis PAYC

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Paycom Enjoys Continued Momentum and Margin Expansion in Fiscal Q3 2022; Shares Attractive

Emma Williams Equity Analyst

Analyst Note

| Emma Williams |

Despite challenging macroeconomic conditions, narrow-moat Paycom remains on track to report healthy fiscal 2022 growth. The company reported continued momentum in the third quarter of fiscal 2022, with a combination of strong sales and further skew upmarket driving robust revenue growth of 30% year on year. A greater contribution from ultrahigh margin interest income revenue and greater operating leverage on a larger client base supported impressive year-on-year adjusted EBITDA margin expansion of 270 basis points to 37.7%, partly offset by investment in internal labor to support a growing client base.

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Key Statistics PAYC

Company Profile PAYC

Business Description

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 18,000 clients as of 2021, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

7501 W. Memorial Road
Oklahoma City, OK, 73142
T +1 405 722-6900
Industry Software - Application
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 5,385