Is Paycom Software Stock Underperforming the S&P 500?

With a market cap of $9.4 billion, Paycom Software, Inc. (PAYC) is a U.S.-based provider of cloud-based human capital management (HCM) solutions delivered through a software-as-a-service model for small to mid-sized businesses. The company offers an integrated platform that manages the entire employee life cycle, from recruitment and onboarding to payroll, benefits, and retirement. 

Companies valued less than $10 billion are generally described as “mid-cap” stocks, and Paycom Software fits right into that category. Its comprehensive suite of applications includes talent acquisition, time and labor management, payroll, talent management, compliance, analytics, and employee self-service tools.