Why Shares of Paycom Soared This Week

Paycom's automated solutions are beloved by its customers, and the results may be starting to show.Shares of human capital management (HCM) software provider Paycom Software (PAYC 24.78%) are up 28% this week as of 1:40 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.Paycom reported third-quarter earnings, beating analysts' expectations, growing revenue by 11% and offering improved guidance for the remainder of 2024. Most importantly, however, Paycom hinted that its ongoing re ...