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Is Paycom Software (PAYC) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Paycom Software (PAYC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Paycom Software is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PAYC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 15.35% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, PAYC has gained about 71.67% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.40% on average. This shows that Paycom Software is outperforming its peers so far this year.
Breaking things down more, PAYC is a member of the Internet - Software industry, which includes 70 individual companies and currently sits at #109 in the Zacks Industry Rank. Stocks in this group have gained about 22.46% so far this year, so PAYC is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to PAYC as it looks to continue its solid performance.
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Is Paycom Software (PAYC) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Paycom Software (PAYC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Paycom Software is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PAYC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 15.35% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, PAYC has gained about 71.67% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.40% on average. This shows that Paycom Software is outperforming its peers so far this year.
Breaking things down more, PAYC is a member of the Internet - Software industry, which includes 70 individual companies and currently sits at #109 in the Zacks Industry Rank. Stocks in this group have gained about 22.46% so far this year, so PAYC is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to PAYC as it looks to continue its solid performance.