Are Wall Street Analysts Predicting Paycom Software Stock Will Climb or Sink?

Founded in 1998 and valued at $6.7 billion, Paycom Software, Inc. (PAYC) is a provider of cloud-based human capital management (HCM) software as a service solution for integrated software for both employee records and talent management processes. The company offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

Shares of PAYC have lagged behind the broader market over the past 52 weeks. PAYC stock has declined 42.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.9%. Moreover, shares of the company are down 24.9% on a YTD basis, compared to SPX's marginal decline.