Why Paycom Software Stock Climbed 20% in January
Shares of Paycom Software (NYSE: PAYC) gained 20.2% in value last month, according to data provided by S&P Global Market Intelligence. The cloud-based provider of human capital management has posted strong results lately, which has driven stellar returns for investors over the last year.
Additionally, Paycom was added to the S&P 500 index in late January. This forced index funds to buy the stock, sending the shares to a new high toward the end of the month.
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Source Fool.com
