Top Picks 2020: Paycom (PAYC)

01/23/2020 5:00 am EST

Focus: TECHNOLOGY

Todd Shaver

Founder and Editor-in-Chief, BullMarket.com

Todd Shaver, editor of BullMarket Report had an exceptional 2019; last year, he picked Apple (AAPL) as his favorite conservative stock and Roku (ROKU) as his top speculation. Apple rose 87% and Roku was up a staggering 315%.

On the slightly more "conservative" side of the technology sector, Paycom (PAYC) has been a secret weapon for our subscribers for years.

There aren't a lot of sizzling Silicon Valley buzzwords here. The company automates payroll and other human resources functions. 

It's a stable and profoundly sticky business. Once people convert their systems, they rarely go back . . . retention last year was well above 90%, which liberates the sales team to chase new accounts instead of keeping existing clients happy.

That's translated to roughly 30% annualized revenue growth over the years and healthy margins throughout the client cycle. 

We initially recommended PAYC in early 2018 at $111 so you can see how far it's come. However, as long as there are new employers left to capture, that growth curve will continue. And the market opportunity is endless.

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