not vested
A 'PICKS AND SHOVELS' COMPANY BEHIND AMERICA'S WORKFORCE
Today's chart highlights a leading provider of business-management software...
Regular DailyWealth readers know that "picks and shovels" companies provide the tools and services that support entire sectors.
Investing in a business that fuels a whole industry or trend is safer than betting on a single player. Today, one software company is fueling the engine of working life...
Paycom Software (PAYC) provides cloud-based "human capital management" software to its business clients. It can help with tasks like talent acquisition, human resources, and payroll services.
These are tools that most businesses need to succeed and grow – and Paycom is great at supplying them. In its most recent earnings report, the company showed [b]31% growth in year-over-year revenue... [/b]bringing in nearly $130 million in the second quarter.
And as you can see below, this stock is on a tear. After nearly doubling in price over the past year, PAYC recently hit a new all-time high.
Businesses will always need to manage their employees – and clearly, more of them are using Paycom to do the job...
Source: Daily Wealth