You can see how the Paycom app looks below: PAYC can be considered an enabler of the digital transformation of human capital management. PAYC is a payroll and HCM solution, helping its customers manage its employees’ work life cycles, ranging from payroll to time-off requests. PAYC remains around 44% lower than 2021 highs but the stock may have been caught up in the tech bubble. In spite of the recent volatility, PAYC remains a home run investment for those who stayed with it over the long term. PAYC came public in 2014 but was founded in 1998 amidst the dot-com bubble. I am initiating coverage of PAYC at “buy.” PAYC Stock Price While PAYC operates in a crowded field, I expect the resilient revenue growth rates and high profit margins to help pave the way to higher stock prices. PAYC has a strong balance sheet with $400 million in net cash. The stock is now trading at 2020 levels in spite of what appear to be sustained top-line growth and strong profit margins. PAYC stock has pulled back significantly from the 2021 highs as valuations had gotten ahead of themselves. Paycom ( NYSE: PAYC) is a highly profitable tech stock with a payroll and HCM offering.

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