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Fly News Breaks for May 7, 2015
PAYC
May 7, 2015 | 07:51 EDT
Canaccord raised its price target on Paycom to $40 from $36 following Q1 results that the firm called "exceptional." Canaccord cited an increase in its annual recurring revenue, larger customer signings, and the potential for an increase in estimates. The firm reiterated its Buy rating on Paycom shares.
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