Paycom Software (PAYC) Tops Q1 EPS by 13c, FY Rev. Guidance Tops Views
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Stifel Raises Price Target on Paycom Software (PAYC) Following Strong 1Q Beat
May 4, 2016 12:00 PM EDTStifel reiterated a Buy rating on Paycom Software (NYSE: PAYC), and raised the price target to $47.00 (from $44.00), following the company's 1Q earnings report. Paycom delivered EPS/revenue of $0.33/$90.1M, well ahead of the street's $0.20/$83.5M estimate. The top-line upside was driven by better-than-expected recurring revenue of $88.9M.
Analyst Brad Reback commented, "Paycom extended its streak of solid... More
