Paycom Software (PAYC) Increases and Extends Share Buyback

Paycom Software, Inc. (NYSE: PAYC) announced today that its board of directors has increased and extended its ongoing stock repurchase plan, such that $1.5 billion is available for repurchases through Aug. 15, 2026. Prior to the increase, approximately $676 million was available for repurchases.

“We have a leading product in an attractive industry, a resilient business model that generates robust cashflow and a strong balance sheet with no debt,” said Chad Richison, Paycom founder, CEO and chairman. “We have repurchased approximately 2.3 million shares, or 4% of the company, since last July for approximately $413 million. We will continue to opportunistically buy our stock if and when we see attractive valuations relative to peers.”

Shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws, including Rule 10b5-1 programs, and the repurchase plan may be suspended or discontinued at any time. The actual timing, number and value of shares repurchased will be determined by a committee of the board of directors at its discretion and will depend on a number of factors, including the market price of Paycom’s common stock, general market and economic conditions, and other corporate considerations.

You May Also Be Interested In