Paycom board authorizes repurchase of up to an additional $200M of shares

In a regulatory filing on Thursday, Paycom (PAYC) disclosed that the board authorized the company to repurchase up to an additional $200M of shares of the company’s common stock, par value 1c per share, under the company’s stock repurchase plan. The partial replenishment of the stock repurchase plan followed the company’s completion of approximately $1.45B of aggregate share repurchases since the plan was authorized in July 2024.