Key Equity Research Analysts at Stifel Kept their ‘”Buy”’ rating for Paylocity (PCTY) Shares Today. Their Target is $78.0

August 10, 2018 - By Hannah Black

Paylocity Holding Corporation (NASDAQ:PCTY) Logo

Investors sentiment decreased to 1 in Q1 2018. Its down 0.68, from 1.68 in 2017Q4. It dived, as 15 investors sold Paylocity Holding Corporation shares while 54 reduced holdings. 29 funds opened positions while 40 raised stakes. 27.43 million shares or 0.46% more from 27.31 million shares in 2017Q4 were reported.

The Texas-based Teacher Retirement Sys Of Texas has invested 0% in Paylocity Holding Corporation (NASDAQ:PCTY). Public Employees Retirement Association Of Colorado reported 965 shares. Kornitzer Mgmt Ks holds 237,010 shares. Fdx Inc, California-based fund reported 5,371 shares. Millennium Management Ltd Liability Co has 0.02% invested in Paylocity Holding Corporation (NASDAQ:PCTY). Oppenheimer Asset Mngmt Inc, a New York-based fund reported 8,293 shares. 17,270 are owned by Ubs Asset Mngmt Americas. Macquarie Limited invested in 0% or 4,500 shares. Parametric Portfolio Ltd Company has 0% invested in Paylocity Holding Corporation (NASDAQ:PCTY) for 22,015 shares. Timessquare Capital Ltd Liability Corporation holds 947,848 shares. Virtu Fincl Llc accumulated 0.02% or 7,378 shares. Ellington Mgmt Grp Inc Lc holds 4,200 shares or 0.02% of its portfolio. Invesco Limited reported 7,824 shares or 0% of all its holdings. Da Davidson Co owns 5,401 shares. Balyasny Asset Mgmt Limited Liability Company holds 51,849 shares or 0.01% of its portfolio.

Paylocity (PCTY) Rating Reaffirmed

The broker has just set a target of $78.0 on Paylocity (PCTY) shares. This is 21.78 % from the previous stock close. In analysts report shared with investors on Friday morning, Stifel reaffirmed their “Buy” rating on shares of PCTY.

The stock increased 5.62% or $3.6 during the last trading session, reaching $67.65. About 705,891 shares traded or 214.32% up from the average. Paylocity Holding Corporation (PCTY) has risen 28.17% since August 11, 2017 and is uptrending. It has outperformed by 15.60% the S&P500.

Paylocity Holding Corporation provides cloud payroll and human capital management software solutions for medium-sized organizations in the United States. The company has market cap of $3.56 billion. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process. It has a 103.6 P/E ratio. The firm also provides Paylocity Web Benefits and Paylocity Enterprise Benefits, which are benefit management solutions that integrate with insurance carrier systems to provide automated administrative processes and allow users to choose benefit elections and make life event changes online, summarize benefit elections, and perform other benefit-related tasks, as well as enable premium reconciliation, management of voluntary benefits, and reporting.

More notable recent Paylocity Holding Corporation (NASDAQ:PCTY) news were published by: Seekingalpha.com which released: “Paylocity Holding Corporation (PCTY) CEO Steve Beauchamp on Q4 2018 Results – Earnings Call Transcript” on August 10, 2018, also Nasdaq.com with their article: “Paylocity’s Retention Risk Dashboard Positioned to Improve Retention Challenges Faced by HR Professionals” published on August 07, 2018, Benzinga.com published: “Earnings Scheduled For August 9, 2018” on August 09, 2018. More interesting news about Paylocity Holding Corporation (NASDAQ:PCTY) were released by: Globenewswire.com and their article: “Paylocity Announces Fourth Quarter and Fiscal Year 2018 Financial Results” published on August 09, 2018 as well as Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within Fidelity Southern, Nektar Therapeutics, CSG Systems International …” with publication date: July 26, 2018.

Paylocity Holding Corporation (NASDAQ:PCTY) Institutional Positions Chart

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