MTStock StudioIntroduction The stock of Paycom Software (NYSE:PAYC), a specialist in providing cloud-based HCM (human capital management) solutions, has faced a challenging few months; whilst other software and service entities have managed to deliver returns of over 20% on average, PAYC has floundered, losing -15% of its value over the past couple of months.  YChartsBeti Cannibalization Concerns Much of the weakness in the share price has been driven by concerns surrounding the impact of Beti on PAYC’s ...