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, 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.

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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.