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Added to YB: 2024-03-25

Pitch date: 2023-12-31

PAYC [neutral]

Paycom Software, Inc.

-17.46%

current return

Author Info

No bio for this author

Company Info

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.

Market Cap

$11.1B

Pitch Price

$201.86

Price Target

N/A

Dividend

0.76%

EV/EBITDA

17.92

P/E

22.21

EV/Sales

5.72

Sector

Professional Services

Category

growth

Show full summary:
Alger Mid Cap Growth Fund Portfolio Holding: Paycom Software, Inc.

PAYC: Shares down on Q3 miss & lower FY23/24 rev outlook due to Beti platform cannibalizing payroll re-run revenue. Beti self-service HR software could prove a competitive advantage long-term for the cloud-based HCM provider.

Read full article (1 min)