Paycom Software Inc (LTS:0KGH)
$ 179.94 1.05 (0.59%) Market Cap: 10.50 Bil Enterprise Value: 10.04 Bil PE Ratio: 21.88 PB Ratio: 7.07 GF Score: 88/100

Paycom Software Inc at Robert W Baird Global Consumer, Technology & Services Conference (Virtual) Transcript

Jun 10, 2021 / 06:00PM GMT
Release Date Price: $327.76 (+3.25%)
Mark Steven Marcon
Robert W. Baird & Co. Incorporated, Research Division - Senior Research Analyst

Good afternoon, everybody. This is Mark Marcon. I follow Human Capital Technology and Solutions for Baird. Our next presenting company is Paycom, a rapidly growing SaaS provider of payroll and HCM solutions that has arguably one of the most intuitive single database solutions out there, has been gaining share rapidly relative to a legacy players as well as companies that haven't used SaaS solutions in the past.

The company has significant runway for growth with just basically a 5% share of the TAM and is focused really on the 50 to 5,000-employee market, although the attractiveness of the solution has garnered new clients, both on the lower end and even below the targeted market as well as above.

With us today, we're extremely pleased to have Chad Richison, the Founder, Chairman and CEO of the company. Chad founded the company back in 1998 and has served as CEO ever since. He's actually got one of my favorite American success stories. He started up the company with 13 credit cards and

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