Paycom Software Inc. stock falls Thursday, underperforms market

Shares of Paycom Software Inc. PAYC, +1.67% slipped 5.03% to $365.36 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +0.70%falling 1.48% to 3,915.46 and Dow Jones Industrial Average DJIA, +0.32% falling 0.46% to 32,862.30. Paycom Software Inc. closed $105.72 short of its 52-week high ($471.08), which the company reached on December 23rd. 

The stock underperformed when compared to some of its competitors Thursday, as Oracle Corp. ORCL, +0.09% rose 0.79% to $66.74, Workday Inc. Cl A WDAY, +2.40% fell 4.44% to $249.14, and Paychex Inc. PAYX, +0.77% fell 0.70% to $97.29. Trading volume (323,963) remained 104,483 below its 50-day average volume of 428,446.

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