Are Wall Street Analysts Bullish on Paycom Software Stock?

With a market cap of $13.1 billion, Paycom Software, Inc. (PAYC) provides cloud-based human capital management (HCM) solutions delivered as software-as-a-service. Its platform streamlines the entire employee lifecycle from recruitment to retirement through integrated applications for payroll, talent acquisition, HR management, time tracking, and compliance.

Shares of the Oklahoma City, Oklahoma-based company have outperformed the broader market over the past 52 weeks. PAYC stock has climbed 43.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 14.3%. Moreover, shares of Paycom Software are up 10.7% on a YTD basis, compared to SPX’s 8.7% gain.