On friday $PAYC (+1,68 %) dropped because management was selling shares.

In addition there are concerns about growth and the possibilities of decreasing margin due to the introduction of their "new" software.

Amid all the fears surrounding this stock right now I decided to increase my $PAYC (+1,68 %) position.

Why?

• It's true that margins are decreasing, but we are talking about small percentage points and right now gross margin is an amazing 84% (way better than his competitors)
• The P/E is only 18
• The growth is slowing, but it's still there (10% growth only in the last quarter)
• International expansion it's only at his beginnings
• Beti is a software with huge possibilities to steal marketshare from main competitors like ADP. (The new software is way cheaper and more efficient than the previous version; so many customers are switching to Beti).
• Recently started a share repurchase program
• ROIC of over 30%
• The founder is still in charge as CEO (usually a great sign for companies)

I am going to wait for the quarterly report and to see the numbers before making another purchase.

What's your opinion on this stock?