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Paycom Software, Inc. (PAYC): A Bull Case Theory

We came across a bullish thesis on Paycom Software, Inc. (PAYC) on Substack by Sabar Capital. In this article, we will summarize the bulls’ thesis on PAYC. Paycom Software, Inc. (PAYC)'s share was trading at $227.37 as of May 2nd. PAYC’s trailing and forward P/E were 25.49 and 26.18 respectively according to Yahoo Finance.

Paycom Software Inc., founded in 1998, provides cloud-based human capital management (HCM) solutions delivered as Software as a Service (SaaS) primarily for small to mid-sized U.S. businesses. The company offers an integrated platform for payroll, talent...