3 Reasons Paycom Stock Is a Buy

3 Reasons Paycom Stock Is a Buy

Not surprisingly, Paycom Software (NYSE: PAYC) -- a provider of human capital management (HCM) solutions like payroll software -- had a rough year as a result of this elevated jobless rate. Revenue growth decelerated substantially, and the company's net income dropped 21% year over year in 2020. Paycom stock is still a buy and here are three reasons why.