Paycom Software, Inc. Reports First Quarter 2017 Results

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Go back to Paycom Software, Inc. Reports First Quarter 2017 Results

Paycom Software (PAYC) PT Raised to $67 at Stifel Following 'Clean Beat'

May 3, 2017 6:00 AM EDT

Stifel raised its price target on Paycom Software (NYSE: PAYC) to $67.00 (from $55.00) while maintaining a Buy rating following a 'clean beat' in Q1.

Brad Reback noted revenue, recurring revenue, adjusted EBITDA, operating margin, and EPS come in ahead of guidance, Stifel, and... More

Paycom Software (PAYC) Tops Q1 EPS by 6c

May 2, 2017 4:55 PM EDT

Paycom Software (NYSE: PAYC) reported Q1 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $119.5 million versus the consensus estimate of $115.8 million.

GUIDANCE:

Paycom Software sees Q2 2017 revenue of $94.5-96.5 million, versus the consensus... More