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Fly News Breaks for July 9, 2019
PAYC
Jul 9, 2019 | 12:44 EDT
Northland analyst Robert Breza earlier today raised his price target for Paycom Software to $275 from $215 and kept an Outperform rating on the shares. After his industry checks indicated the corporate involvement remains focused on the "systemic need" to attract, retain and educate employees, Breza believes Paycom will be able to drive revenue growth closer to 30% year-over-year, versus the midpoint of guidance at 27%. Further, he thinks the company will continue to exhibit "best in class" EBITDA margins of 51%.
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