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A number of firms have modified their ratings and price targets on shares of Paylocity Holding Corp (NASDAQ: PCTY) recently:

  • Paylocity Holding Corp had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a $27.00 price target on the stock, up previously from $25.00.
  • Paylocity Holding Corp had its price target raised by analysts at Raymond James from $21.50 to $28.50. They now have a “strong-buy” rating on the stock.
  • Paylocity Holding Corp had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $28.00 price target on the stock, up previously from $25.00.
  • Paylocity Holding Corp had its price target raised by analysts at Needham & Company LLC from $23.00 to $28.00. They now have a “buy” rating on the stock.

Paylocity Holding Corp (NASDAQ:PCTY) traded up 1.89% during mid-day trading on Monday, hitting $24.80. 180,724 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 has a 50-day moving average of $21.0 and a 200-day moving average of $20.50. The company’s market cap is $1.229 billion.

Paylocity Holding Corp (NASDAQ:PCTY) last released its 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. On average, analysts predict that Paylocity Holding Corp will post $-0.12 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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