On Thursday, Paycom Software got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The tech stock sports a 94 Relative Strength Rating
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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Is Paycom Software Stock A Buy?
Paycom Software stock has now climbed above a proper buy zone after clearing the 242.74 entry in a consolidation and is currently extended. Wait for a pullback for a second opportunity to add shares.
The stock earns a 93 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Paycom Software Earnings
The computer software company posted an 8% earnings-per-share gain for Q1. Revenue growth came in at 6%, down from 14% in the previous quarter.
Paycom Software stock holds the No. 7 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and monday.com are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
