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Has Paycom Software (PAYC) Outpaced Other Computer and Technology Stocks 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 659 different companies and currently sits at #6 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PAYC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 1.87% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PAYC has moved about 40.89% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of -2.52% on a year-to-date basis. This means that Paycom Software is performing better than its sector in terms of year-to-date returns.
Looking more specifically, PAYC belongs to the Internet - Software industry, which includes 89 individual stocks and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have lost about 0.32% 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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Has Paycom Software (PAYC) Outpaced Other Computer and Technology Stocks 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 659 different companies and currently sits at #6 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PAYC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 1.87% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PAYC has moved about 40.89% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of -2.52% on a year-to-date basis. This means that Paycom Software is performing better than its sector in terms of year-to-date returns.
Looking more specifically, PAYC belongs to the Internet - Software industry, which includes 89 individual stocks and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have lost about 0.32% 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.