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Fly News Breaks for May 1, 2019
PAYC
May 1, 2019 | 09:29 EDT
Needham analyst Ryan MacDonald raised his price target on Paycom to $230 and kept his Buy rating after its Q1 results topped consensus across all metrics. The analyst says the premium valuation on the shares is warranted by the "positive spending trends" in the Payroll / human capital management market as well as the company's "strong" execution track record.
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