KeyBanc analyst Brent Bracelin maintained a Buy rating on Paycom (NYSE: PAYC) today and set a price target of $127. The company’s shares opened today at $112.65, close to its 52-week high of $118.45.
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 22.8% and a 77.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
Paycom has an analyst consensus of Moderate Buy, with a price target consensus of $112.89.
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Based on Paycom’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $41.06 million. In comparison, last year the company had a net profit of $25.42 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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Paycom Software, Inc. provides cloud-based human capital management software solutions delivered as Software-as-a-Service. The company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement.
