The IBD SmartSelect Composite Rating for Paycom Software rose from 94 to 97 Friday.
The new score indicates the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Paycom Software is currently forming a consolidation, with a 242.74 buy point. See if the stock can break out in heavy trade at least 40% higher than normal.
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The stock sports a 90 EPS Rating, which means its recent quarterly and annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q4, the company reported 20% earnings-per-share growth. Revenue growth increased 14%, up from 11% in the prior report. The company has now posted accelerating growth in each of the last two reports.
Paycom Software earns the No. 10 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.
