secwatch.observer — SEC 8-K summary
======================================

Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0000950170-24-012190
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom Q4 earnings beat; revenue $434.6M up 17%, full-year $1.694B up 23%
-------------------------------------------------------------------------

- Q4 GAAP EPS $1.43, non-GAAP EPS $1.93 (up from $1.38 and $1.73 YoY).
- FY2023 revenue $1,693.7M (+23.2%); recurring revenue 98.3% of total.
- Q4 Adjusted EBITDA $176.6M; full-year Adjusted EBITDA $719.3M (42% margin).
- Ended year with $294M cash, zero debt; repurchased $212.9M in stock during Q4.
- CEO cites better-than-expected results; 2024 focus on service, automation, client ROI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000095017024012190/0000950170-24-012190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000095017024012190/payc-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer