Paycom Software (PAYC) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus

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Go back to Paycom Software (PAYC) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus

Paycom Software (PAYC) PT Lowered to $420 at Needham & Company

May 5, 2021 7:40 AM EDT

Needham & Company analyst Ryan MacDonald lowered the price target on Paycom Software (NYSE: PAYC) to $420.00 (from $490.00) while maintaining a Buy rating.

The analyst commented, "Paycom reported 1Q results above our expectations, with results impacted by lower forms revenue within their... More