- Human Capital Management (HCM) is a highly competitive industry with Paycom continuously innovating to keep up with product differentiation.
- The company has grown consistently under the same leadership since 1998.
- Although COVID-induced challenges have impacted the pre-pandemic client base, the company has been able to add new clients to its platform.
- Paycom remains richly valued, but with the right dose of growth versus profitability, it should see new heights.
- Therefore the SaaS (Software as a Service) HCM play is a buy.
For further details see:
Paycom: HCM In The Working-From-Home Age