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Is Paycom Stock a Buy?

TheMotleyFool

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Paycom Software (NYSE: PAYC) shareholders have been on a wild ride lately. The stock doubled in 2019 on the back of strong growth and a profitable business model. It continued its momentum into 2020 and hit a 52-week high, but then it dropped to a 52-week low as the market got spooked with its exposure to U.S. small businesses and as part of the broader market downturn related to the coronavirus epidemic.

Paycom stock has bounced back in April as the market was reassured by the government's aid programs for employers.