Paycom Software, Inc. (PAYC) is a cloud-based payroll and human resource software company that is exhibiting a breakout, but then again, so are other HCM companies. Paycom has been stealing market share from the much larger Automatic Data Processing, Inc. (ADP) and growing revenues by 31% YoY.
(Source: Yahoo Finance/MS Paint)
Paycom has extremely good fundamentals and appears to be growing, not by a “win at any cost” mentality like many other SaaS companies, but by producing a good product, organically grown from the ground up (i.e. not through acquisitions). The