Paylocity Holding Corp Given “Market Outperform” Rating at JMP Securities (PCTY)
Paylocity Holding Corp (NASDAQ:PCTY)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a report issued on Friday. They currently have a $28.00 target price on the stock, up from their previous target price of $25.00. JMP Securities’ target price points to a potential upside of 26.30% from the stock’s previous close.
Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Paylocity Holding Corp in a research note on Friday. They now have a $28.50 price target on the stock, up previously from $21.50. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Paylocity Holding Corp currently has a consensus rating of “Buy” and an average target price of $25.50.
Paylocity Holding Corp (NASDAQ:PCTY) traded up 6.45% during mid-day trading on Friday, hitting $23.60. The stock had a trading volume of 291,209 shares. Paylocity Holding Corp has a one year low of $15.241 and a one year high of $31.00. The stock has a 50-day moving average of $20.80 and a 200-day moving average of $20.4. The company’s market cap is $1.170 billion.
Paylocity Holding Corp (NASDAQ:PCTY) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.02. The company had revenue of $28.60 million for the quarter, compared to the consensus estimate of $26.71 million. Analysts expect that Paylocity Holding Corp will post $-0.04 EPS for the current fiscal year.
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (NASDAQ:PCTY), software solutions for medium-sized organizations.
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