PAYC logo
Paycom Software Inc.
PAYC
263.80 (1.64%) 4.33
14.78(B)
Industrials
Professional Services
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. The company offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. Its HCM solution provides a suite of applications in the areas of talent acquisition including applicant tracking background checks on-boarding e-verify and tax credit services; and time and labor management such as time and attendance scheduling time-off requests and labor allocation solutions. The company’s HCM solution also offers payroll applications comprising better employee transaction interface payroll and payroll tax management payroll card Everyday Paycom pay Client Action Center expense management garnishment administration and GL concierge applications; and talent management applications that include employee self-service compensation budgeting performance management position management and Paycom learning. 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; COBRA administration; personnel action and performance discussion forms; Paycom surveys; retirement 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.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$14.78(B)
EV:$14.34(B)
Total Equity:$1.72(B)
Div. yield:0.57%
Earnings date:Aug-01-2025
P/E:37.52
P/E (fwd):29.34
P/FCF:37.10
P/S:7.73
P/B:8.32
EPS:$7.0
EPS (fwd):$9.0
FCF/share:$7.1
Dividend/share:$1.5
Book value/share:$31.7
ROIC:24.5%
ROA:8.5%
ROE:25.0%

PAYC Valuation & Price Targets

  Current Price
263.80
PE Valuation
N/A
PEvaluation is not available for PAYC.
Analyst targets
N/A
No analyst estimates for PAYC.
DCF
N/A
Adjust your assumptions to reach a valid valuation.
DCF (exit mult.)
N/A
Adjust your assumptions to reach a valid valuation.
Future P/E
N/A
Adjust your assumptions to reach a valid valuation.
Peter Lynch FV
N/A
Adjust your assumptions to reach a valid valuation.
Graham No.
N/A
Adjust your assumptions to reach a valid valuation.
DDM
N/A
Adjust your assumptions to reach a valid valuation.

PEvaluation

46% overvalued
Low
$107
Mid
$143
High
$178
Current price
$264
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Medium

Analyst Price Targets

9% overvalued
Low
$203
Mid
$241
High
$310
Current price
$264
Strong Buy0
Buy3
Hold16
Sell0
Strong Sell1

Estimated EPS

LowAvgHigh#
FY+18.79.09.419
FY+29.510.010.619
FY+310.811.512.15
FY+413.213.213.21
FY+514.414.414.41

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate (*)

(*) Growth rate is capped between 0 and 25

Graham Formula

Earnings Per Share
Expected Growth Rate
Government Bond Rate

(*) Growth rate is capped to 25

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

(*) First stage rowth rate is capped to 20%

Based on 0 valuation methods, the average fair value estimate for PAYC is $N/A (NaN% overvalued).

Valuations range from $1.7976931348623157e+308 (N/A) to $0.0 (N/A).

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$1.91(B)
Gross profit$1.64(B)
EBITDA$486.30(M)
Net income$394.20(M)
Gross margin85.9%
Operating margin27.9%
Net margin20.6%
Shares outstanding:56.02(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$4.57(B)
Current assets$2.99(B)
Total liabilities$2.86(B)
Current liabilities$2.48(B)
Cash & Short-term inv.$520.80(M)
Long-term debt$0
Total intangibles$97.10(M)
PP&E$645.00(M)

Cash flow (TTM)

CFOCFICFF
FCF$384.90(M)
CapEx$-182.90(M)
Dividends paid$-84.70(M)
Stock issued$0
Stock repurchased$-146.60(M)
Stock-based comp.$96.60(M)
Debt issued$0
Debt repaid$0

Per share data (TTM)

Price: $264
Revenue: $34.1 (7.7x | 12.9%) Gross profit: $29.3 (9.0x | 11.1%) Earnings: $7.03 (37.5x | 2.7%)
FCF: $7.11 (37.1x | 2.7%) Stock-based Comp.: $1.72 (153.0x | 0.7%) Dividend: $1.50 (175.9x | 0.6%)
Total Assets: $81.6 (3.2x | 30.9%) Total Liabilities: $51.0 (5.2x | 19.3%) Book Value: $31.7 (8.3x | 12.0%) Cash & ST inv.: $9.30 (28.4x | 3.5%) Debt: $0.00 (N/A | 0.0%)

Growth Estimates

Revenue

CAGR: 6.7%
FY+1FY+2FY+3FY+4FY+5
FY+1$2.03(B)
FY+2(+9.2%)$2.22(B)
FY+3(+10.8%)$2.46(B)
FY+4(+0.9%)$2.48(B)
FY+5(+6.0%)$2.63(B)

Net Income

CAGR: 12.0%
FY+1FY+2FY+3FY+4FY+5
FY+1$506.87(M)
FY+2(+10.5%)$560.14(M)
FY+3(+17.5%)$658.01(M)
FY+4(+11.9%)$736.00(M)
FY+5(+8.3%)$797.00(M)

EPS

CAGR: 12.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$8.99
FY+2(+10.8%)$9.96
FY+3(+15.7%)$11.52
FY+4(+14.8%)$13.22
FY+5(+9.1%)$14.42

FCF per share

CAGR: 11.8%
FY+1FY+2FY+3
FY+1$10.99
FY+2(+8.6%)$11.94
FY+3(+15.1%)$13.74

Historical Financials

Showing limited histrical data. Access 10+ years of financials now! Upgrade
YearlyQuarterly
Income
FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024TTM5Y avg5Y CAGR
Revenue841.43(M)1.06(B)1.38(B)1.69(B)1.88(B)1.91(B)1.37(B)22%
COGS123.55(M)161.89(M)212.70(M)276.30(M)334.60(M)340.57(M)221.81(M)28%
Gross Profit717.89(M)893.64(M)1.16(B)1.42(B)1.55(B)1.57(B)1.15(B)21%
Total OpEx.531.76(M)640.07(M)783.80(M)966.10(M)914.30(M)1.04(B)767.21(M)15%
  R&D90.24(M)118.43(M)148.30(M)199.00(M)242.60(M)254.39(M)159.71(M)28%
  SG&A413.92(M)485.83(M)585.70(M)705.70(M)593.00(M)702.48(M)556.83(M)9%
Operating Income186.12(M)253.57(M)378.70(M)451.30(M)634.30(M)533.59(M)380.80(M)36%
Interest Expense-190000.00-2.50(M)-1.90(M)-3.40(M)-3.42(M)-1.56(M)266%
Interest Income0.000.000.000.000.000.000.00N/A%
Pre-tax income185.94(M)255.96(M)389.60(M)472.40(M)649.00(M)549.26(M)390.58(M)37%
Income tax-42.48(M)-60.00(M)-108.20(M)-131.60(M)-147.00(M)-155.05(M)-97.86(M)36%
Net Income143.45(M)195.96(M)281.40(M)340.80(M)502.00(M)394.21(M)292.72(M)37%
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Stock-based Comp.FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
EPS (Basic)FCF/ShareDividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
P/EP/SEV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
ROICROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Market Cap.

Similar Companies

Ownership

Major holders

Insiders: 11.91%
Institutions: 91.63%
Other: -3.55%

Institutional ownership

9.43% Vanguard Group Inc6.69% Blackrock Inc.5.35% Polen Capital Manageme...5.25% Harris Associates L.P.4.12% FMR, LLC3.35% State Street Corporati...3.15% First Trust Advisors L...2.74% BAILLIE GIFFORD & CO2.73% Geode Capital Manageme...2.68% Sylebra Capital LLC46.14% Others

Insider transactions

Show:
Buys
Sells
Grants
DateSharesTotal ($)Price ($)NameTitle
Sell2025-05-1356,42614,568,094258.2RICHISON CHAD RChief Executive Officer
Sell2025-05-093,574911,406255.0RICHISON CHAD RChief Executive Officer
Sell2025-05-08120,00029,221,920243.5RICHISON CHAD RChief Executive Officer
Grant2025-05-051,09900.0DUQUES HENRY CDirector
Grant2025-05-051,09900.0PETERS FREDERICK C IIDirector
Grant2025-05-051,09900.0TURNEY SHAREN JESTERDirector
Grant2025-05-051,09900.0WATTS J. C. JR.Director
Grant2025-05-051,09900.0WILLIAMS FELICIADirector
Grant2025-05-051,09900.0BINZ JOSEPH LEODirector
Grant2025-05-051,09900.0VEMULAPALLI ARCHANADirector
Sell2025-03-133,000603,024201.0SMITH BRADLEY SCOTTChief Technology Officer
Sell2025-02-24500109,108218.2WATTS J. C. JR.Director
Sell2025-02-213,600763,866212.2PECK RANDALLChief Operating Officer
Grant2025-02-219,58900.0FOSTER ROBERT DChief Financial Officer
Grant2025-02-2143,14800.0RICHISON CHAD RChief Executive Officer
Grant2025-02-2195900.0CLARK JASON D.Officer
Grant2025-02-219,58900.0SMITH BRADLEY SCOTTOfficer
Grant2025-02-2111,39000.0VICKROY AMYOfficer
Grant2025-02-218,39000.0PECK RANDALLChief Operating Officer
Sell2025-02-181,500315,855210.6PETERS FREDERICK C IIDirector
Grant2025-02-112,52700.0SMITH BRADLEY SCOTTChief Technology Officer
Grant2025-02-107,23600.0BOELTE CRAIG EChief Financial Officer
Grant2025-02-102,71400.0CLARK JASON D.Officer
Grant2025-02-104,52200.0SMITH BRADLEY SCOTTChief Technology Officer
Grant2025-02-104,00000.0VICKROY AMYOfficer
Grant2025-02-105,24300.0PECK RANDALLChief Operating Officer
Grant2025-02-065,84100.0SMITH BRADLEY SCOTTChief Technology Officer
Grant2024-12-1024900.0BINZ JOSEPH LEODirector
Grant2024-12-041,20000.0RICHISON CHAD RChief Executive Officer
Grant2024-12-021,15000.0BOELTE CRAIG EChief Financial Officer
Grant2024-11-26100,00000.0RICHISON CHAD RChief Executive Officer
Sell2024-11-133,900893,464229.1RICHISON CHAD RChief Executive Officer
Sell2024-11-123,900891,721228.6RICHISON CHAD RChief Executive Officer
Sell2024-11-117,8001,774,220227.5RICHISON CHAD RChief Executive Officer
Sell2024-11-073,900889,459228.1RICHISON CHAD RChief Executive Officer
Sell2024-11-063,900844,723216.6RICHISON CHAD RChief Executive Officer
Sell2024-11-063,900897,356230.1RICHISON CHAD RChief Executive Officer
Grant2024-11-061,00000.0BOELTE CRAIG EChief Financial Officer
Sell2024-11-043,900825,854211.8RICHISON CHAD RChief Executive Officer
Sell2024-11-013,900817,504209.6RICHISON CHAD RChief Executive Officer
Sell2024-10-315511,368206.7RICHISON CHAD RChief Executive Officer
Sell2024-10-311,950414,154212.4RICHISON CHAD RChief Executive Officer
Sell2024-10-303,900672,462172.4RICHISON CHAD RChief Executive Officer
Sell2024-10-293,900655,997168.2RICHISON CHAD RChief Executive Officer
Sell2024-10-283,900652,754167.4RICHISON CHAD RChief Executive Officer
Sell2024-10-253,900643,367165.0RICHISON CHAD RChief Executive Officer
Sell2024-10-243,900644,198165.2RICHISON CHAD RChief Executive Officer
Sell2024-10-237,8001,289,508165.3RICHISON CHAD RChief Executive Officer
Sell2024-10-213,900659,750169.2RICHISON CHAD RChief Executive Officer
Sell2024-10-183,900644,561165.3RICHISON CHAD RChief Executive Officer
Sell2024-10-173,900636,834163.3RICHISON CHAD RChief Executive Officer
Sell2024-10-163,900637,682163.5RICHISON CHAD RChief Executive Officer
Sell2024-10-153,900648,569166.3RICHISON CHAD RChief Executive Officer
Sell2024-10-147,8001,276,855163.7RICHISON CHAD RChief Executive Officer
Sell2024-10-103,900635,496162.9RICHISON CHAD RChief Executive Officer
Sell2024-10-093,900632,456162.2RICHISON CHAD RChief Executive Officer
Sell2024-10-083,900633,280162.4RICHISON CHAD RChief Executive Officer
Sell2024-10-073,900644,703165.3RICHISON CHAD RChief Executive Officer
Grant2024-10-071,50000.0RICHISON CHAD RChief Executive Officer
Sell2024-10-043,900651,539167.1RICHISON CHAD RChief Executive Officer
Sell2024-10-033,900647,202165.9RICHISON CHAD RChief Executive Officer
Sell2024-10-023,900649,822166.6RICHISON CHAD RChief Executive Officer
Sell2024-10-013,900645,180165.4RICHISON CHAD RChief Executive Officer
Sell2024-09-303,900649,753166.6RICHISON CHAD RChief Executive Officer
Sell2024-09-273,900656,271168.3RICHISON CHAD RChief Executive Officer
Sell2024-09-261,950321,225164.7RICHISON CHAD RChief Executive Officer
Sell2024-09-253,900664,602170.4RICHISON CHAD RChief Executive Officer
Sell2024-09-243,900675,221173.1RICHISON CHAD RChief Executive Officer
Sell2024-09-233,900668,065171.3RICHISON CHAD RChief Executive Officer
Sell2024-09-203,900666,314170.8RICHISON CHAD RChief Executive Officer
Sell2024-09-193,900673,979172.8RICHISON CHAD RChief Executive Officer
Sell2024-09-183,900663,748170.2RICHISON CHAD RChief Executive Officer
Sell2024-09-173,900662,348169.8RICHISON CHAD RChief Executive Officer
Grant2024-09-17117,24800.0RICHISON CHAD RChief Executive Officer
Sell2024-09-163,900664,067170.3RICHISON CHAD RChief Executive Officer
Sell2024-09-133,900661,111169.5RICHISON CHAD RChief Executive Officer
Sell2024-09-123,900652,505167.3RICHISON CHAD RChief Executive Officer
Sell2024-09-113,900643,300164.9RICHISON CHAD RChief Executive Officer
Sell2024-09-103,900640,551164.2RICHISON CHAD RChief Executive Officer
Sell2024-09-093,900631,788162.0RICHISON CHAD RChief Executive Officer
Sell2024-09-063,900606,299155.5RICHISON CHAD RChief Executive Officer
Sell2024-09-053,900616,586158.1RICHISON CHAD RChief Executive Officer
Sell2024-09-043,900625,352160.3RICHISON CHAD RChief Executive Officer
Sell2024-09-033,900629,392161.4RICHISON CHAD RChief Executive Officer
Sell2024-08-303,900635,025162.8RICHISON CHAD RChief Executive Officer
Sell2024-08-293,900640,096164.1RICHISON CHAD RChief Executive Officer
Sell2024-08-283,900636,861163.3RICHISON CHAD RChief Executive Officer
Sell2024-08-273,900636,186163.1RICHISON CHAD RChief Executive Officer
Sell2024-08-263,900642,523164.7RICHISON CHAD RChief Executive Officer
Sell2024-08-233,900632,859162.3RICHISON CHAD RChief Executive Officer
Sell2024-08-223,900623,900160.0RICHISON CHAD RChief Executive Officer
Sell2024-08-213,900623,209159.8RICHISON CHAD RChief Executive Officer
Sell2024-08-203,900616,183158.0RICHISON CHAD RChief Executive Officer
Sell2024-08-193,900623,164159.8RICHISON CHAD RChief Executive Officer
Sell2024-08-163,900621,570159.4RICHISON CHAD RChief Executive Officer
Sell2024-08-153,900618,757158.7RICHISON CHAD RChief Executive Officer
Sell2024-08-143,900606,393155.5RICHISON CHAD RChief Executive Officer
Sell2024-08-133,900609,230156.2RICHISON CHAD RChief Executive Officer
Sell2024-08-1211,8821,853,354156.0BOELTE CRAIG EChief Financial Officer
Sell2024-08-123,900606,938155.6RICHISON CHAD RChief Executive Officer
Sell2024-08-093,900617,257158.3RICHISON CHAD RChief Executive Officer
Sell2024-08-081,524240,205157.6SMITH BRADLEY SCOTTChief Technology Officer
Sell2024-08-083,900616,170158.0RICHISON CHAD RChief Executive Officer
Sell2024-08-073,900617,399158.3RICHISON CHAD RChief Executive Officer
Sell2024-08-063,900626,272160.6RICHISON CHAD RChief Executive Officer
Sell2024-08-053,900625,719160.4RICHISON CHAD RChief Executive Officer
Sell2024-08-023,900638,461163.7RICHISON CHAD RChief Executive Officer
Sell2024-08-013,900660,641169.4RICHISON CHAD RChief Executive Officer
Sell2024-07-313,900655,086168.0RICHISON CHAD RChief Executive Officer
Sell2024-07-303,900639,193163.9RICHISON CHAD RChief Executive Officer
Grant2024-07-3071000.0VEMULAPALLI ARCHANADirector
Sell2024-07-293,900645,658165.6RICHISON CHAD RChief Executive Officer
Sell2024-07-263,900636,085163.1RICHISON CHAD RChief Executive Officer
Sell2024-07-253,900640,648164.3RICHISON CHAD RChief Executive Officer
Sell2024-07-243,900626,182160.6RICHISON CHAD RChief Executive Officer
Sell2024-07-233,900639,958164.1RICHISON CHAD RChief Executive Officer
Sell2024-07-223,900617,248158.3RICHISON CHAD RChief Executive Officer
Sell2024-07-193,900607,832155.9RICHISON CHAD RChief Executive Officer
Sell2024-07-183,900619,800158.9RICHISON CHAD RChief Executive Officer
Sell2024-07-173,900624,440160.1RICHISON CHAD RChief Executive Officer
Sell2024-07-163,900625,572160.4RICHISON CHAD RChief Executive Officer
Sell2024-07-153,900600,036153.9RICHISON CHAD RChief Executive Officer
Sell2024-07-123,900578,791148.4RICHISON CHAD RChief Executive Officer
Sell2024-07-113,900558,101143.1RICHISON CHAD RChief Executive Officer
Sell2024-07-103,900546,780140.2RICHISON CHAD RChief Executive Officer
Sell2024-07-093,900546,741140.2RICHISON CHAD RChief Executive Officer
Sell2024-07-083,900549,092140.8RICHISON CHAD RChief Executive Officer
Sell2024-07-053,900552,296141.6RICHISON CHAD RChief Executive Officer
Sell2024-07-033,900558,887143.3RICHISON CHAD RChief Executive Officer
Sell2024-07-023,900551,244141.3RICHISON CHAD RChief Executive Officer
Sell2024-07-013,900555,491142.4RICHISON CHAD RChief Executive Officer
Sell2024-06-283,900553,852142.0RICHISON CHAD RChief Executive Officer
Sell2024-06-273,900553,407141.9RICHISON CHAD RChief Executive Officer
Sell2024-06-263,900547,804140.5RICHISON CHAD RChief Executive Officer
Sell2024-06-253,900555,878142.5RICHISON CHAD RChief Executive Officer
Sell2024-06-243,900567,370145.5RICHISON CHAD RChief Executive Officer
Sell2024-06-213,900567,602145.5RICHISON CHAD RChief Executive Officer
Sell2024-06-203,900562,313144.2RICHISON CHAD RChief Executive Officer
Sell2024-06-183,900557,094142.8RICHISON CHAD RChief Executive Officer
Sell2024-06-173,900554,488142.2RICHISON CHAD RChief Executive Officer
Sell2024-06-14906130,111143.6CLARK JASON D.Officer
Sell2024-06-143,900556,243142.6RICHISON CHAD RChief Executive Officer
Sell2024-06-133,900552,624141.7RICHISON CHAD RChief Executive Officer
Sell2024-06-123,900567,637145.5RICHISON CHAD RChief Executive Officer
Sell2024-06-113,900560,036143.6RICHISON CHAD RChief Executive Officer
Sell2024-06-111,381198,022143.4VICKROY AMYOfficer
Sell2024-06-103,900563,250144.4RICHISON CHAD RChief Executive Officer
Sell2024-06-073,900567,514145.5RICHISON CHAD RChief Executive Officer
Sell2024-06-063,900566,556145.3RICHISON CHAD RChief Executive Officer
Sell2024-06-053,900566,391145.2RICHISON CHAD RChief Executive Officer

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