Paycom (NYSE:PAYC) Director Sells $2031375.00 in Stock

▤ Summary

Paycom declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that permits the company to buyback $100.00 million in shares.This buyback authorization permits the software maker to buy shares of its stock through open market purchases.Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Paycom in a report on Wednesday, May 2nd.Credit Suisse Group lifted their price objective on shares of Paycom from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, May 2nd.Barclays lifted their price objective on shares of Paycom from $115.00 to $117.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 2nd.

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