Is Paycom (PAYC) A Smart Long-Term Buy?

Polen Capital, an investment management firm, published its “Polen U.S. SMID Company Growth Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 1.42% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2500 Growth benchmark that delivered a -3.53% return for the same period.

U.S. SMID Company Growth Fund, in its Q3 2021 investor letter, mentioned Paycom Software, Inc. (NYSE: PAYC) and discussed its...