Paycom Software saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 71.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if Paycom Software can continue to show renewed price strength and clear that threshold.
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While now is not an ideal time to buy shares, see if the stock manages to establish and enter a buy zone in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up 20%, compared to -6% in the prior report. Revenue increased from 11% to 14%.
Paycom Software earns the No. 25 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Samsara and Klaviyo are among the top 5 highly rated stocks within the group.
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