Robert W. Baird analyst Mark Marcon maintained a Buy rating on Paycom (PAYC – Research Report) yesterday and set a price target of $495.00. The company’s shares closed last Thursday at $516.40, close to its 52-week high of $558.97.
According to TipRanks.com, Marcon is a 5-star analyst with an average return of 31.2% and a 79.5% success rate. Marcon covers the Technology sector, focusing on stocks such as Automatic Data Processing, Ceridian HCM Holding, and Sterling Check.
Currently, the analyst consensus on Paycom is a Moderate Buy with an average price target of $572.45, a 10.3% upside from current levels. In a report issued on November 1, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $655.00 price target.
Paycom’s market cap is currently $30.79B and has a P/E ratio of 190.80. The company has a Price to Book ratio of 48.87.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PAYC in relation to earlier this year.
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.
Incorporated in 1998, Oklahoma-based Paycom Software, Inc. provides cloud-based human capital management (HCM) software services for small to mid-sized companies in the United States.
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