Paycom
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"Paycom is the only HR technology provider with a single-database, end-to-end product providing solutions for Talent Acquisition, Time and Labor Management, Payroll, Talent Management and HR Management, all in one application."
Erwartetes Gewinnwachstum in den nächsten 5 Jahren ca. 45% pro Jahr!
Insider und Gurus kaufen!
Hat sich in der aktuellen Korrektur sehr stark gehalten und die Chancen auf einen charttechnischen Ausbruch stehen gut.
On Oct 13, Zacks Investment Research upgraded Paycom Software, Inc. (PAYC - Snapshot Report) to a Zacks Rank #1 (Strong Buy). The upgrade came on the back of better-than-expected second-quarter fiscal 2015 results and strong fundamentals.
Also, Paycom Software’s shares are up 53.8% year-to-date and posted a strong return of 28.7% over the past six months. These make the company an attractive investment opportunity. Paycom Software also delivered positive earnings surprises in the last four quarters with an average beat of 47.9%.
Paycom Software reported revenues of $48.9 million, which not only increased 47% from the year-ago quarter but also came ahead of the Zacks Consensus Estimate of $46 million. The year-over-over increase was driven by a shift toward cloud-based offerings, which gained traction in the marketplace. Also, new client additions positively impacted quarterly revenues.
Moreover, a 46.4% increase in recurring revenues and a whopping 80.2% increase in implementation and other revenues on a year-over-year basis were positives.
The company’s adjusted earnings per share (excluding one-time items but including stock-based compensation) came in at 10 cents per share, which not only beat the Zacks Consensus Estimate of 6 cents share but also increased from 4 cents reported in the year-ago quarter.
Revenue growth seems to be steady and was positively impacted by higher recurring revenues and higher traction in cloud-based offerings. Better-than-expected demand for advanced human capital management and payroll software solutions during the reported quarter were encouraging.
Buoyed by better-than-expected second-quarter results, the company provided positive third quarter and fiscal 2015 revenue guidance. For third-quarter, Paycom Software expects revenues in the range of $51 million to $52 million. The Zacks Consensus Estimate is pegged at $51 million.
For fiscal year 2015, Paycom Software expects revenues in the range of $210 million to $212 million. The Zacks Consensus Estimate is pegged at $210 million.
We believe that higher traction of Paycom Software’s Affordable Care Act (“ACA”) dashboard application that tracks employee count, employee status and health care plan affordability will act as a tailwind for the company in the long run. Also, Paycom Software might witness long-term growth by successfully cross-selling newer products to the existing client base, which will boost revenues, going forward.
Nevertheless, competition from companies like Paylocity Holding Corporation (PCTY - Snapshot Report) and Intuit Inc. (INTU - Snapshot Report) remains a headwind. - See more at: http://www.zacks.com/stock/news/193432/...tfolio#sthash.I93dx1YW.dpuf
Financial Highlights for the Third Quarter of 2015
Total Revenue of $55.3 million represented a 51% increase compared to total revenue of $36.6 million in the same period last year. Recurring revenues of $54.2 million increased 51% from the comparable prior year period, and constituted 98% of total revenues.
GAAP Net Income was $3.8 million, or $0.07 per diluted share, compared to GAAP net income of $2.7 million, or $0.05 per diluted share, in the same period last year.
Adjusted EBITDA1 was $10.8 million, compared to $6.6 million in the same period last year.
Non-GAAP Net Income1 was $4.7 million, or $0.08 per diluted share, compared to $2.7 million, or $0.05 per diluted share, in the same period last year.
Annualized New Recurring Revenue (“ANRR”) was $31.8 million, up from $14.9 million for the same period last year, representing 113% growth.
Cash and Cash Equivalents were $48.5 million as of September 30, 2015.
Total Debt was $26.1 million as of September 30, 2015. This debt consisted solely of debt on the corporate headquarters.
1 Adjusted EBITDA and non-GAAP net income are non-GAAP financial measures. Please see the discussion below under the heading "Use of Non-GAAP Financial Information" and the reconciliations at the end of this release for additional information concerning these non-GAAP financial measures.
Financial Outlook
Paycom provides the following expected financial guidance for the quarter ending December 31, 2015 and year ending December 31, 2015:
Fourth Quarter 2015
Total Revenues in the range of $59.5 million to $61.5 million.
Adjusted EBITDA in the range of $9 million to $11 million.
Fiscal Year 2015
Total Revenues in the range of $219 million to $221 million.
Adjusted EBITDA in the range of $46.5 million to $48.5 million
Paycom ranks No. 3 on the latest IBD 50 list of top-performing stocks.
"Paycom experienced continued strong demand in the third quarter," Paycom founder and CEO Chad Richison said in the company's earnings conference call. "We believe our robust performance is due to the ongoing market embrace of our cloud-based solutions and our strong sales force."
"We're seeing next-generation cloud companies like Ultimate, Paycom and Paylocity build quite successful businesses off of the churn of large legacy vendors — in this case, the service bureaus like ADP and Ceridian," wrote Richard Davis, an analyst at Canaccord Genuity, in a pre-earnings research note.
"We believe the company is well positioned to increase its market share in the large outsourced payroll and human capital management software market," wrote Credit Suisse analyst Michael Nemeroff in a research note.
Paycom: A Fast Growing Stream Of Revenue And Profits
Summary
Paycom revenues have been growing at a 40%+ clip annually.
Paycom continues to innovate with a large research and development budget.
Paycom offers cloud based software that is available anywhere an internet connection can be found and requires minimal equipment to use.
Paycom simplifies all employee records and reports into one database and simplifies government compliance.
Paycom's software is subscription based which guarantees a continuous revenue stream.
Time to Focus on Paycom Software (PAYC) for Strong Earnings Growth Potential
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Paycom Software, Inc. (PAYC - Snapshot Report). This firm, which is in the Internet Software industry, saw EPS growth of 80.0% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 112.7%. Furthermore, the long-term growth rate is currently an impressive 77.7%, suggesting pretty good prospects for the long haul.
And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 2.7%. Thanks to this rise in earnings estimates, PAYC has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider PAYC. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for PAYC as well.
Paycom Software Makes List of Glassdoor’s Best Places to Work in U.S.
Fresh off earning Top Workplace honors in its home state, Paycom Software, Inc., (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, has received national recognition as a best place to work among large-sized U.S. companies after earning a 2016 Glassdoor Employees’ Choice Award.
"We are focused on providing a positive learning and working environment for our coworkers,” said Paycom’s founder and CEO Chad Richison. “There isn't any stronger recognition than that given by the people who have chosen to call Paycom home and that’s very rewarding."
For the past two years, Paycom ranked within the top 20 of Glassdoor’s Small- and Medium-Sized Best Places to Work For list, making this the third-straight year Paycom has earned a workplace accolade from the popular career website. However, this year’s honor marks Paycom’s first in the large business category, a distinction reserved for companies with at least 1,000 employees.
Currently on Glassdoor, Paycom has an overall rating of 4.2 out of five stars, while Richison boasts a 90 percent CEO approval rating. Paycom’s employees enjoy numerous workplace perks and benefits including fun events; an employee stock purchase program; $1 per-pay-period health insurance; a free, on-site gym with fitness classes; and subsidized daily catered lunches.
Paycom Software : Ranked Among Fastest Growing Companies on Deloitte’s 2015 Technology Fast 500™
Paycom ranked No. 390 on Deloitte's Technology Fast 500™, an annual ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Combining innovation, entrepreneurship and rapid growth earned Paycom a coveted spot on the leading Technology Fast 500 list. Paycom, the only Oklahoma company to make the list, experienced 164 percent revenue growth during the time period judged.
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014.
Paycom's success continues to warrant accolades, recently earning it recognition as the top publicly traded company in Oklahoma in OK Inc. and first place in the 2015 Leadership Excellence Awards presented by HR.com, which identifies and recognizes the top 500 leadership organizations and their strategies and solutions.
Coverage was initiated with an Outperform rating and a price target of $48. Paycom is a rapidly growing provider of SaaS payroll/HCM solutions. Although the company is still in the initial stages of its growth cycle, it is already highly profitable.
Paycom’s business model is highly scalable, with the potential for significant margin expansion. The analysts believe that the company is poised to benefit from multiple drivers in the long term.
These drives may include:
- Secular tailwinds
- A large and growing TAM
- Significant runway for salesforce growth
- Sizable natural revenue churn opportunity from larger competitors
Q4 EPS of $0.10 beats by $0.02
Revenue of $65.1M (+47.8% Y/Y) beats by $3.92M
Summary
Paycom is a company that combines solutions in payroll processing and HCM software into an integrated offering.
The company has built an interesting niche with what appears to be a formidable moat and it has done so while generating significant margins and rapid growth.
Paycom has enjoyed a unique benefit from processing ACA payments for its clients during its Q1, which saw 63% top line growth and EPS that reached close to 200%.
The company has a far less costly business model than SaaS vendors that results in at least a 2000 point advantage in reported operating margins.
The company is continuing to enhance its software solutions by driving R&D growth that's still far below the levels of other SaaS vendors.
Board of Directors has authorized a stock repurchase plan under which up to $50,000,000 is available to purchase shares of Paycom's outstanding common stock, par value $0.01 per share, over the next 24 months.
Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, has been recognized as one of Achievers 50 Most Engaged Workplaces™ for 2016.
The annual award by Achievers honors the top 50 employers in North America that display leadership and innovation in engaging their workplaces.
In a note to investors Tuesday, Barclays analyst Raimo Lenschow said the underlying story in Paycom Software Inc remains very healthy.
Lenschow said Paycom has large opportunities still ahead. Only represented in 42 out of 120 potential markets, the company is adding more products, and existing offices are now beginning to benefit from repeat business with established contacts.
A payroll processing disruptor
Brian Feroldi: Most investors have heard of Jeff Bezos, Larry Page, and Tim Cook, but another CEO that I think is deserving of high praise is Chad Richison. He founded online payroll processing company Paycom (NYSE:PAYC) back in 1998 and has remained at the helm ever since. Under his leadership, the company has steadily expanded its list of services and has become a major player in helping other businesses manage their back-office HR functions.
But there's more to great management than just producing stellar financial results. Paycom has also done a great job treating its employees well, too. On company-review site glassdoor.com, Paycom was voted as one of the best places to work in 2016. Employees are currently assigning the company strong 3.8-star rating, and 84% of them approve of the CEO. Those are impressive numbers for a company that's still in hypergrowth mode.
With strong leadership in place, a recurring revenue business model, and a happy employee base, Paycom easily qualifies as one of the best-run companies in tech.
Will The Market Rain Or Shine On This Fund-Favorite Cloud Stock?
The maker of cloud-based human capital management solutions holds the No. 1 slot within the No. 7-ranked enterprise software industry group.
Top Mutual Funds Buying Shares
Among the reasons Paycom appeals to fund managers is its 117% average EPS growth over the last three quarters, 46% three-year annual sales growth rate and 27.2% return on equity. Plus, Paycom's estimated 94% EPS growth for this year is the highest among IBD's Sector Leaders.
http://www.investors.com/research/the-new-america/...ness-for-paycom/
Paycom Finds Big Profits By Sticking To Smaller Firms, Simpler Plans
"We believe our success is due to the growing recognition of the benefits that can be gained from Paycom's single database architecture," Paycom Chief Executive Chad Richison said on a conference call with analysts on Aug. 2. "We are still in the early stages of a multiyear mission to gain market share and grow into one of the largest providers of cloud-based payroll and human capital management software,"
Paycom Software reported not-so-encouraging third-quarter 2016 results, with the top line beating the Zacks Consensus Estimate by a slight margin and the bottom line posting a loss, which compared unfavorably with the consensus mark. However, revenues increased on a year-over-year basis. Also, the company provided an encouraging fourth-quarter revenue guidance and raised its fiscal 2016 guidance.
Revenue growth seems to be steady and was positively impacted by higher recurring revenues and higher traction in cloud-based offerings. Better-than-expected demand for advanced human capital management and payroll software solutions during the reported quarter were the other positives.
We believe that the higher adoption of Paycom Software’s Affordable Care Act (“ACA”) dashboard application that tracks employee count, employee status and health care plan affordability will act as a tailwind for the company in the long run. Also, Paycom Software might witness long-term growth by successfully cross-selling newer products to the existing client base, which will boost revenues, going forward.
"Paycom is beginning to anniversary the ACA benefit, which is well understood, in our view," Pacific Crest analyst Brent Bracelin said in his research note late Tuesday. "What is less well understood is that revenue beats and raises may be more modest going forward. Paycom's profitability should support its valuation." He maintained his overweight rating on Paycom stock.
Said Credit Suisse analysts in their research note Wednesday: "We view PAYC shares as attractive due to: (1) the company's disruptive comprehensive HCM (human capital management, or HR) suite and cloud-based, single database architecture; (2) our belief that PAYC will continue to increase its market share of the large and growing outsourced payroll/HCM software market; and (3) our expectations for strong, sustainable ANRR (annualized net recurring revenue) growth driven by maturing sales offices productivity increases and aggressive new sales offices expansion. ..."
While it is tough to identify the exact cause of the decline, my best guess is that some traders felt that the company's valuation had simply gotten ahead of itself. After all, shares of Paycom had soared more than 30% year to date, which pushed its trailing P/E ratio over 80. That likely caused some traders to go into profit-taking mode on the stock on Wednesday.
Now what
Short-term price movements aside, Paycom's third-quarter results look quite good, suggesting that the company continues to wrestle away market share from legacy payroll processors like Paychex. Better still, 98% of the company's revenue is recurring, which positions it nicely for continued growth in the quarters ahead.
Overall, if you were bullish on Paycom's stock prior to today's drop -- as I am -- then I see no reason to change your stance today.
Paycom Software, Inc. (NYSE:PAYC), a leading provider of a comprehensive, cloud-based solution for human capital management, today announced it ranked No. 364 on Deloitte’s Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Paycom experienced 192 percent revenue growth during the time period considered.
"We see the recent reset in Paycom's valuation as creating an attractive entry point for investors to own a fast-growing and highly profitable SaaS category leader."
The Oklahoman Names Paycom Oklahoma’s Top Workplace of 2016
Paycom, now on the list for a fourth consecutive year, also received special recognition, earning The Oklahoman’s Direction award. This additional award comes as a result of feedback from employees, who believe the company is going in the right direction.