KeyBanc Believes Paycom (NYSE: PAYC) Still Has Room to Grow

By Austin Angelo

KeyBanc analyst Brent Bracelin maintained a Buy rating on Paycom (NYSE: PAYC) yesterday and set a price target of $127. The company’s shares closed yesterday at $110.20, close to its 52-week high of $111.34.

According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 20.0% and a 75.5% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and CommVault Systems.

Paycom has an analyst consensus of Strong Buy, with a price target consensus of $96.50.

Paycom’s market cap is currently $6.37B and has a P/E ratio of 97.52. The company has a book value ratio of 47.0325.

Based on the recent corporate insider activity of 65 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.