With economic activity still uncertain due to the coronavirus, I want to invest in companies that I believe have a level of growth certainty. This leads me to one of my favorite software stocks: Paycom Solutions (NYSE: PAYC). Even at 17x revenue and 55x earnings, Paycom is now undervalued and will be a winning stock due to its industry tailwinds, product innovation, and reliance on existing customers.
Source: Company’s Press Room
Why PAYC Was Trading At 20x Revenue
Paycom provides a one-in-one cloud-based software solution for human resource management (HRM) departments within SMBs. As larger