Paycom (PAYC) Dips 23% YTD: What Should Investors Do Now?
Paycom Software(PAYC) ZACKS·2024-08-21 21:31
Paycom Software, Inc. (PAYC) has witnessed a challenging year, with its stock down more than 23% year to date (YTD), significantly underperforming the broader market. In contrast, the S&P 500 and the Zacks Computer and Technology sector have seen gains of 17.6% and 22.5%, respectively. Paycom's performance has also lagged behind key competitors like SAP SE (SAP) , Automatic Data Processing, Inc. (ADP) and Paychex, Inc. (PAYX) , which have posted YTD gains of 40.9%, 13.5% and 5.2%, respectively. This dispari ...