Kyle Everest's questions to Paycom Software Inc (PAYC) leadership • Q3 2024
Question
Kyle Everest, on for Daniel Jester, inquired about capital spending trends for the upcoming year and asked if there were any notable performance differences between the upmarket and downmarket segments.
Answer
CFO Craig Boelte outlined the capital allocation priorities as growth investments (R&D, sales), followed by stock buybacks and dividends. He expects CapEx to decline below 10% next year due to the completion of a large building project. CEO Chad Richison confirmed there was no change in segment performance, with strength seen in both upmarket and downmarket.