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Added to YB: 2024-03-25

Pitch date: 2023-12-31

PAYC [neutral]

Paycom Software, Inc.

+12.93%

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

$6.8B

Pitch Price

$200.77

Price Target

N/A

Dividend

1.02%

EV/EBITDA

10.68

P/E

17.11

EV/Sales

3.55

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)