Paycom Software Inc (NYSE:PAYC)
$ 173.39 -0.19 (-0.11%) Market Cap: 10.08 Bil Enterprise Value: 9.63 Bil PE Ratio: 21.12 PB Ratio: 6.82 GF Score: 91/100

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

Jun 07, 2022 / 06:35PM GMT
Release Date Price: $307.31 (+1.75%)
Mark Steven Marcon
Robert W. Baird & Co. Incorporated, Research Division - Senior Research Analyst

Good afternoon, everybody. I'm Mark Marcon. I follow human capital technology and solutions for Baird. We're very pleased to have Paycom as our next presenting company. Paycom, as most of you know, is a rapidly growing SaaS provider of payroll and HCM solutions with a large and growing TAM. They basically have less than 5% share of this growing TAM, and they've got a really long runway for growth, which is one of the things we're going to talk about. They do focus on companies with 50 to 10,000 employees, although they frequently go above that in terms of the size of clients that they end up getting.

With us today, we're extremely pleased to have Chad Richison, the Founder and Chairman and CEO of the company. Chad is one of my favorite stories. He founded the company in 1998 with 13 credit cards and an SBA loan and grew it up from there. He still owns 14% of the stock. And I don't think you've sold very much, if anything at all. Prior to founding Paycom, he started his career in ADP, so he

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