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Kyle Everest

Director and Equity Research Analyst at BMO Nesbitt Burns Inc.

Kyle Everest is a Director and Equity Research Analyst at BMO Capital Markets, specializing in Canadian real estate investment trusts (REITs) and real estate operating companies. He covers key companies such as Allied Properties, RioCan, and SmartCentres, and is noted for his in-depth sector insights and comprehensive research reports. Everest joined BMO Capital Markets as an equity research associate in 2016 and was promoted to his current role, having previously gained experience with BMO in different capacities since 2012. He holds a CFA designation, is a registered securities professional under FINRA in both Canada and the U.S., and has been recognized for his rigorous analytical approach and value-added investment recommendations.

Kyle Everest's questions to Paycom Software (PAYC) leadership

Question · Q3 2024

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.

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