Paycom Software (Paycom Software) Momentum Rank : 2 (As of Apr. 28, 2024)

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What is Paycom Software Momentum Rank?

Paycom Software has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Paycom Software's Momentum Rank

For the Software - Application subindustry, Paycom Software's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paycom Software's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Paycom Software's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Paycom Software's Momentum Rank falls into.

Paycom Software Momentum Rank Related Terms

Thank you for viewing the detailed overview of Paycom Software's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Paycom Software (Paycom Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paycom Software Inc (NYSE:PAYC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PAYC:Mexico P1YC34:Brazil

Address

7501 W. Memorial Road, Oklahoma, OK, USA, 73142

Website

https://www.paycom.com

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,000 clients as of 2022, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

Executives

Chad R. Richison	director, 10 percent owner, officer: President and CEO	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jason D. Clark	director	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Watts J C Jr	director
Christopher Gene Thomas	officer: SEVP of Operations	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Peters Frederick C Ii	director	BRYN MAWR BANK CORP, 801 LANCASTER AVE, BRYN MAWR PA 19010
Holly Faurot	officer: Chief Sales Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Justin Devon Long	officer: EVP of Operations	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Bradley Scott Smith	officer: Chief Information Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Craig E. Boelte	officer: Chief Financial Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Felicia Williams	director	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Sharen J Turney	director	THREE LIMITED PARKWAY, COLUMBUS OH 43230
Jon Evans	officer: Chief Operating Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jeffrey D. York	officer: Chief Sales Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Robert J Levenson	director	300 SEMINOLE AVENUE, P.H. 6B, PALM BEACH FL 33480
Kathy Oden-hall	officer: See Remarks	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142