Jim Cramer Put These 16 Stocks Under a Microscope

10. Paycom Software, Inc. (NYSE:PAYC)

Number of Hedge Fund Holders: 35

Mentioning the love towards the company’s products, a caller inquired about Paycom Software, Inc. (NYSE:PAYC) during the episode, and Cramer said, “Yeah, that’s a great human capital software, and you’re absolutely right.”

Paycom Software (NYSE:PAYC) offers a cloud-based platform that helps businesses manage the full employee lifecycle with tools for hiring, payroll, time tracking, performance, and compliance. Its software provides data-driven features to streamline HR processes and improve workforce management. Polen Capital stated the following regarding Paycom Software, Inc. (NYSE:PAYC) in its Q4 2024 investor letter:

“In the fourth quarter, the top relative contributors to the Portfolio’s performance were Shopify, Amazon, and Paycom Software, Inc. (NYSE:PAYC). Paycom Software is a leading cloud-native payroll and human capital management (HCM) software provider. Earlier in the year, we initiated a new position on weakness related to a self-inflicted go-to-market issue whereby the company was a bit heavy-handed migrating customers to its next-generation, self-serve product known as BETI. At the time, we felt this was a temporary issue very much within Paycom’s control, and recent results support this thesis. Notably, the stock was up more than 20% after solid, yet not spectacular, third quarter earnings and encouraging new customer growth, signaling the worst was behind them. We continue to believe Paycom is among the most advantaged software players in the payroll/HCM segment, with a long runway for growth ahead.”