Robert W. Baird analyst Mark Marcon maintained a Buy rating on Paycom (PAYC – Research Report) on November 2 and set a price target of $443.00. The company’s shares closed yesterday at $326.33.
According to TipRanks, Marcon is a 5-star analyst with an average return of 13.8% and a 55.87% success rate. Marcon covers the Services sector, focusing on stocks such as ManpowerGroup, Insperity, and Kforce.
Currently, the analyst consensus on Paycom is a Moderate Buy with an average price target of $399.00, implying a 22.27% upside from current levels. In a report released on November 2, Citigroup also maintained a Buy rating on the stock with a $400.00 price target.
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The company has a one-year high of $522.84 and a one-year low of $255.82. Currently, Paycom has an average volume of 352.6K.
Based on the recent corporate insider activity of 19 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.
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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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