Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Paycom Software (PAYC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Paycom Software is one of 609 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 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 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 0.33% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, PAYC has moved about 56.22% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 3.68% on a year-to-date basis. This means that Paycom Software is performing better than its sector in terms of year-to-date returns.
To break things down more, PAYC belongs to the Internet - Software industry, a group that includes 77 individual companies and currently sits at #46 in the Zacks Industry Rank. On average, this group has gained an average of 10.35% so far this year, meaning that PAYC is performing better 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.