A pioneer in payroll and HR technology, Paycom Software Inc. (PAYC) is an Oklahoma City, Okla.-based cloud-based software solution provider that enables companies to manage a rapidly changing business environment successfully. The company's differentiated solutions and go-to-market strategy helped it deliver strong earnings results in the last quarter.
However, the stock is down 16.2% in price over the past six months and 19.2% over the past month to close yesterday's trading session at $335.30. In addition, the stock is currently trading 40% below its 52-week high of $558.97.
