Paycom Software (PAYC): Good Growth Small Beat - UBS

November 2, 2016 8:46 AM EDT
Get Alerts PAYC Hot Sheet
Price: $49.19 +2.74%

Rating Summary:
    10 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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UBS analyst, John Byun, reiterated his Buy rating on shares of Paycom Software (NYSE: PAYC) and increased the price target to $61 from $58 after results showed 40% growth and 23.5% ebitda margins, but smaller rev upside than hoped for.

Expectations had risen ahead of earnings, with stock up 38% YTD and 4% QTD. Investors had gotten used to big rev upsides during periods of ACA tailwind (3Q15-2Q16), but as tough comps begin, smaller yet still consistent topline beats are more likely.

For an analyst ratings summary and ratings history on Paycom Software click here. For more ratings news on Paycom Software click here.

Shares of Paycom Software closed at $52.00 yesterday.

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