Why Paycom Software Stock Soared Today

·1-min read
Why Paycom Software Stock Soared Today

Shares of software-as-a-service provider Paycom Software (NYSE: PAYC) were up by more than 10% on Wednesday after reporting second-quarter earnings that beat analysts' expectations. Paycom released its Q2 results after the closing bell Tuesday. The SaaS company, which provides payroll software and human capital management (HCM) solutions for businesses, has been getting a nice boost from the U.S. economic recovery.

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