Paycom Gets a Hold Rating from Mizuho Securities

By Austin Angelo

Mizuho Securities analyst Abhey Lamba reiterated a Hold rating on Paycom (NYSE: PAYC) today and set a price target of $70. The company’s shares opened today at $78.89, close to its 52-week high of $79.98.

According to TipRanks.com, Lamba is a 5-star analyst with an average return of 10.9% and a 66.3% success rate. Lamba covers the Technology sector, focusing on stocks such as Black Knight Financial Services, CommVault Systems, and Microstrategy Inc.

Currently, the analyst consensus on Paycom is Moderate Buy and the average price target is $79, representing a 0.1% upside.

In a report issued on October 5, KeyBanc also reiterated a Hold rating on the stock.

Based on Paycom’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $98.23 million and quarterly net profit of $14.17 million. In comparison, last year the company earned revenue of $77.33 million and had a net profit of $6.15 million.

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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.