Paycom Software (PAYC) Increases Share Buyback by $380M
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Paycom Software, Inc. Increases Stock Repurchase Plan
June 7, 2022 4:05 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Paycom Software, Inc. (Paycom) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that its Board of Directors has increased and extended its ongoing stock repurchase plan, such that $550.0 million is available for repurchases between June 7, 2022, and June 7, 2024. Prior to the increase, approximately $166.8 million was available for repurchases.
Todays increase in our repurchase program provides us with the flexibility to opportunistically return value to stockholders, particularly when there are dislocations in the market, said Paycoms founder and CEO, Chad Richison. Our confidence in Paycoms... More
