Northland Securities analyst Robert Breza maintained a Buy rating on Paycom (PAYC) today and set a price target of $215. The company’s shares closed yesterday at $202.53, close to its 52-week high of $203.04.
Breza observed:
“We see the product as an impressive addition to PAYC’s solution which directly reflects the strategic focus on increasing employee engagement. Paycom beat on the top-line in Q1 posting revenue of $199.9M (+30% Y/Y) vs. $195.5M consensus. EPS of $1.19 also beat consensus of $1.11 and Adj. EBITDA for the quarter was $103.3M (51.7% margin) vs consensus $98.3M (50.3% margin).”
According to TipRanks.com, Breza is a 5-star analyst with an average return of 13.9% and a 63.6% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.
Paycom has an analyst consensus of Moderate Buy, with a price target consensus of $189.73, a -6.3% downside from current levels. In a report issued on April 16, KeyBanc also maintained a Buy rating on the stock with a $210 price target.
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Paycom’s market cap is currently $11.6B and has a P/E ratio of 86.59. The company has a Price to Book ratio of 34.65.
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Paycom Software, Inc. provides comprehensive, cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement.
