Paycom Software, Inc. (PAYC) Bundle
A Brief History of Paycom Software, Inc. (PAYC)
Company Founding and Early Years
Paycom Software, Inc. was founded by Chad Richison in 1998 in Oklahoma City, Oklahoma.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $1.447 billion |
| Net Income | $340.8 million |
| Market Capitalization | $9.82 billion |
Stock Performance
As of January 2024, Paycom's stock (PAYC) traded at approximately $505 per share.
Product Offerings
- Payroll Management
- Human Capital Management
- Talent Acquisition
- Time and Labor Management
- Benefits Administration
Company Growth
| Year | Number of Employees |
|---|---|
| 2020 | 4,840 |
| 2023 | 6,200 |
Key Leadership
CEO: Chad Richison
Headquarters: Oklahoma City, Oklahoma
Client Base
Serves approximately 37,000 mid-sized businesses across the United States.
Who Owns Paycom Software, Inc. (PAYC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 4,861,903 | 11.46% |
| BlackRock Inc. | 4,453,808 | 10.50% |
| Baillie Gifford & Co | 3,242,300 | 7.64% |
Insider Ownership
Chad Richison, Founder and CEO, owns 3,269,482 shares, representing approximately 7.71% of the company's total outstanding shares.
Top Individual Shareholders
- Chad Richison: 3,269,482 shares
- Ryan Tjarks: 152,732 shares
- Craig Boelte: 105,863 shares
Ownership Distribution
As of Q4 2023, the ownership breakdown is:
- Institutional Investors: 68.3%
- Insider Ownership: 9.2%
- Retail Investors: 22.5%
Public Float
Total public float: 42,411,000 shares
Paycom Software, Inc. (PAYC) Mission Statement
Company Overview
Paycom Software, Inc. (PAYC) is a cloud-based human capital management (HCM) software provider headquartered in Oklahoma City, Oklahoma.
| Fiscal Year 2023 Metrics | Value |
|---|---|
| Total Revenue | $1.595 billion |
| Net Income | $299.4 million |
| Market Capitalization | $12.5 billion |
Core Mission Components
Paycom's mission focuses on delivering comprehensive, single-database human capital management technology solutions.
- Streamline workforce management processes
- Provide end-to-end HR technology solutions
- Enhance employee and employer experience through innovative software
Key Product Offerings
| Product Category | Description |
|---|---|
| Payroll Management | Automated payroll processing |
| Talent Acquisition | Recruiting and applicant tracking |
| Performance Management | Employee evaluation and development tracking |
Strategic Focus Areas
Paycom concentrates on technological innovation and comprehensive software integration.
- Single software platform for all HR functions
- Cloud-based solutions
- Data-driven workforce management
Market Positioning
| Metric | 2023 Data |
|---|---|
| Client Companies | 31,500+ |
| Employee Count | 4,900+ |
| Annual Client Retention Rate | 93% |
How Paycom Software, Inc. (PAYC) Works
Company Overview
Paycom Software, Inc. is a cloud-based human capital management (HCM) software provider headquartered in Oklahoma City, Oklahoma. As of Q4 2023, the company reported total revenue of $1.43 billion, with a year-over-year growth of 17%.
Product Offerings
Paycom provides an integrated suite of software solutions for workforce management:
- Payroll Processing
- Talent Acquisition
- Time and Labor Management
- HR Management
- Talent Management
- Benefits Administration
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.43 billion |
| Net Income | $288.9 million |
| Gross Margin | 83% |
| Stock Price (as of January 2024) | $505.72 |
Client Base
Paycom serves approximately 41,000 business clients across various industries, with a focus on mid-sized to enterprise-level organizations.
Technology Platform
The company offers a single-database SaaS platform that integrates all HR functions into one comprehensive system, eliminating data silos and manual processes.
Market Position
- Publicly traded on NASDAQ (PAYC)
- Founded in 1998
- Serves clients in all 50 U.S. states
- Employs approximately 6,400 personnel
Pricing Model
Paycom utilizes a per-employee per-month pricing structure, with costs ranging from $25 to $35 per employee depending on selected features.
How Paycom Software, Inc. (PAYC) Makes Money
Revenue Streams
Paycom Software, Inc. generates revenue through the following primary channels:
- Subscription-based Software as a Service (SaaS) platform
- Cloud-based human capital management (HCM) solutions
- Per-employee monthly pricing model
Pricing Structure
| Service Category | Pricing Model | Average Cost per Employee |
|---|---|---|
| Core HR Solutions | Monthly Subscription | $20-$35 per employee |
| Advanced Payroll Systems | Tiered Pricing | $35-$50 per employee |
| Comprehensive HCM Platform | Enterprise Package | $50-$80 per employee |
Financial Performance
Paycom's financial metrics for fiscal year 2023:
- Total Revenue: $1.447 billion
- Annual Recurring Revenue: $1.63 billion
- Net Income: $296.7 million
- Gross Margin: 83%
Customer Segments
| Business Size | Typical Customers | Market Penetration |
|---|---|---|
| Small Businesses | 50-250 employees | 35% of customer base |
| Mid-Market Companies | 250-1,000 employees | 45% of customer base |
| Enterprise Organizations | 1,000+ employees | 20% of customer base |
Product Offerings Generating Revenue
- Payroll Processing
- Talent Acquisition
- Time and Labor Management
- Benefits Administration
- Performance Management
- Learning Management
Client Growth
Client count as of Q4 2023: 37,000 total clients
Sales and Marketing Expenses
Sales and marketing expenses for 2023: $358.4 million
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