Paylocity (PCTY) Gets a Hold Rating from RBC Capital


In a report released today, Ross MacMillan from RBC Capital reiterated a Hold rating on Paylocity (NASDAQ: PCTY), with a price target of $68. The company’s shares opened today at $64.05, close to its 52-week high of $66.14.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 29.7% and a 87.1% success rate. MacMillan covers the Technology sector, focusing on stocks such as Coupa Software Inc, Ultimate Software, and Salesforce.com.

Currently, the analyst consensus on Paylocity is a Hold with an average price target of $68.

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The company has a one-year high of $66.14 and a one-year low of $41.15. Currently, Paylocity has an average volume of 229.6K.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.

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Paylocity Holding Corp. engages in the development and provision of cloud-based software solution. It offers cloud-based payroll, human capital management applications, time labor tracking, benefits administration, and talent management. The company was founded on November 6, 2013 and is headquartered in Arlington Heights, IL.

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