Canaccord Genuity analyst David Hynes maintained a Hold rating on Paycom (NYSE: PAYC) today and set a price target of $140. The company’s shares opened today at $124.73.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 28.5% and a 69.8% success rate. Hynes covers the Technology sector, focusing on stocks such as Aspen Technology, Veeva Systems, and SPS Commerce.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paycom with a $138.50 average price target, which is an 11.0% upside from current levels. In a report released today, Credit Suisse also reiterated a Hold rating on the stock with a $125 price target.
.
See today’s analyst top recommended stocks >>
Based on Paycom’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $28.77 million. In comparison, last year the company had a net profit of $14.03 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
