Oppenheimer analyst Brian Schwartz reiterated a Buy rating on Paycom (NYSE:PAYC) on Wednesday, setting a price target of $500, which is approximately 24.99% above the present share price of $400.04.
Schwartz expects Paycom to post earnings per share (EPS) of $1.12 for the third quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Paycom, with an average price target of $433.7.
The analysts price targets range from a high of $500 to a low of $360.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $272.2 million and a net profit of $94.55 million. The company's market cap is $24.08 billion.
According to TipRanks.com, Oppenheimer analyst Brian Schwartz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.0% and a 81.75% success rate.
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.