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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? One simple way to answer this question is to take a look at the year-to-date performance of PAYC and the rest of the Computer and Technology group's stocks.
Paycom Software is a member of the Computer and Technology sector. This group includes 624 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PAYC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 15.73% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PAYC has returned 96.30% so far this year. In comparison, Computer and Technology companies have returned an average of 11.29%. This shows that Paycom Software is outperforming its peers so far this year.
Looking more specifically, PAYC belongs to the Internet - Software industry, a group that includes 70 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 27.96% so far this year, so PAYC is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on PAYC as it attempts 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? One simple way to answer this question is to take a look at the year-to-date performance of PAYC and the rest of the Computer and Technology group's stocks.
Paycom Software is a member of the Computer and Technology sector. This group includes 624 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PAYC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 15.73% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PAYC has returned 96.30% so far this year. In comparison, Computer and Technology companies have returned an average of 11.29%. This shows that Paycom Software is outperforming its peers so far this year.
Looking more specifically, PAYC belongs to the Internet - Software industry, a group that includes 70 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 27.96% so far this year, so PAYC is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on PAYC as it attempts to continue its solid performance.