Barclays Remains a Buy on Paycom

By Jason Carr

Barclays analyst Raimo Lenschow maintained a Buy rating on Paycom (NYSE: PAYC) today and set a price target of $82. The company’s shares opened today at $74.99, close to its 52-week high of $75.57.

According to TipRanks.com, Lenschow is a 5-star analyst with an average return of 15.7% and a 75.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Dealertrack Holdings, and Coupa Software Inc.

Currently, the analyst consensus on Paycom is Moderate Buy and the average price target is $77.44, representing a 3.3% upside.

In a report issued on September 5, Jefferies also reiterated a Buy rating on the stock with a $83 price target.

Paycom’s market cap is currently $4.33B and has a P/E ratio of 81.23. The company has a book value ratio of 29.8503.

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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.