UPDATE: Paycom Software (PAYC) PT Raised to $246 at KeyBanc
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E-mailGet Alerts PAYC Hot Sheet
Price: $274.59 +0.73%
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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(Updated - June 20, 2019 7:07 AM EDT)
(updated to add analyst comments)
KeyBanc analyst Brent Bracelin raised its price target on Paycom Software (NYSE: PAYC) to $246.00 (from $215.00) while maintaining an Overweight rating.
- Margin Strength Appears Sustainable
- roughly 70% of HR applications are still tied to on-premise deployments implying a long and stable growth runway
- raising estimates based on incremental confidence in the Company's ability to maintain its industry leading growth rate and improve margins addressing small- and medium-sized business needs
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