Paycom Software, Inc.
Paycom.
| Trade name | Paycom |
|---|---|
| Type | Public |
| Traded as | NYSE: PAYC S P 500 component |
| Industry | Software SaaS HCM |
| Founded | 1998 |
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Contents
What company owns Paycom?
#300 Chad Richison Richison, a former senior manager at payroll firm ADP, founded Paycom in 1998. He took Paycom public on the New York Stock Exchange in 2014 and owns about 14% of its shares.
Why is Paycom stock so high?
Paycom’s growth is driven by the acquisition of new clients and expansion of its product offering from traditional Human Capital Management to integrated cloud-based solutions.
Is Paycom stock overvalued?
The DCF model indicates that Paycom stock is overvalued by 18%. A Relative valuation analysis against the market’s largest 500 companies indicates a 64% overvaluation.
Is Paycom profitable?
Paycom’s business is highly profitable and scalable. Paycom’s software-as-a-service (SaaS) business model comes with several advantages. For example, by delivering its software through the cloud, Paycom has been able to achieve a gross margin in the mid-80% range. That figure is impressive, even for a SaaS business.
When did paylocity go public?
Paylocity went public on March 19, 2014.
What is Chad richison net worth?
Paycom, an online payroll and human resources software company, provides more than 17,000 clients across the U.S. with a single database to manage employment, from acquisition to retirement.
How does paycom make money?
Outside of payroll, Paycom has software products for talent acquisition, time and labor management, and HR management. It targets businesses with 50 to 5,000 employees and makes money through recurring revenue subscriptions and one-time fees when its customers send in forms, filings, and adjustments.
