Paycor HCM saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 93 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Paycor HCM is now out of buy range after breaking out from a 14.73 entry in a flat base.
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The stock earns a 99 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the company reported 43% earnings growth. That marks two straight quarters of rising EPS gains. Top line growth fell to 17%, down from 18% in the previous quarter.
Paycor HCM earns the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Samsara, ServiceNow and Palantir Technologies are among the top 5 highly-rated stocks within the group.
