The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Paycom Software (PAYC) one of those stocks right now? 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 a member of the Computer and Technology sector. This group includes 659 individual stocks and currently holds a Zacks Sector Rank of #4. 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).
Within the past quarter, the Zacks Consensus Estimate for PAYC's full-year earnings has moved 1.54% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PAYC has returned 63.97% so far this year. At the same time, Computer and Technology stocks have lost an average of 1.71%. This shows that Paycom Software is outperforming its peers so far this year.
Breaking things down more, PAYC is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 8.13% so far this year, meaning that PAYC is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to PAYC as it looks to continue its solid performance.
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Paycom Software, Inc. (PAYC) : Free Stock Analysis Report
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