Paycom Software, Inc. (NYSE:PAYC) belongs to the stocks that could rise 10x in the next five years. On March 6, Cantor Fitzgerald lowered its price target for Paycom Software, Inc. (NYSE:PAYC) to $135, while maintaining a neutral rating on the company’s stock. The company acknowledged management’s commitment to share buybacks but expressed doubts about the company’s financial condition.
The company said the company has $200 million available for potential stock buybacks to offset any sell-off pressure in the software-as-a-service industry. This move follows approximately $1.45 billion in total share repurchases since July 2024. Cantor Fitzgerald expects approximately $190 million in cash flow from operations in the first quarter of fiscal 2026.
Meanwhile, Guggenheim lowered its target for Paycom Software, Inc. (NYSE:PAYC) to $180, citing the company’s 2026 revenue growth projection of 7-8%, which fell short of the 9.8% consensus. Nevertheless, the company noted several positive signs, including higher annual revenue retention.
Paycom Software, Inc. (NYSE:PAYC) offers a cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to medium-sized businesses.
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