Paylocity Holding Corp Rating Reiterated by Deutsche Bank (PCTY)
Paylocity Holding Corp (NASDAQ:PCTY)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Friday. They currently have a $27.00 target price on the stock, up from their previous target price of $25.00. Deutsche Bank’s price objective suggests a potential upside of 21.79% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Paylocity Holding Corp in a research note on Friday. They now have a $28.00 price target on the stock, up previously from $25.00. 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.50.
Shares of Paylocity Holding Corp (NASDAQ:PCTY) traded up 6.45% on Friday, hitting $23.60. 291,209 shares of the company’s stock traded hands. Paylocity Holding Corp has a 52 week low of $15.241 and a 52 week high of $31.00. The stock’s 50-day moving average is $20.80 and its 200-day moving average is $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) earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Paylocity Holding Corp will post $-0.04 earnings per share 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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