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Paylocity Holding Corp 18.8% Potential Upside Indicated by Needham

Paylocity Holding Corp using SYMBOL code NASDAQ:PCTY had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘BUY’ today by analysts at Needham. Paylocity Holding Corp are listed in the Technology sector within NASDAQ. Needham have set a target price of 40 USD on its stock. This indicates the analyst believes there is a potential upside of 18.8% from the opening price of 33.67 USD. Paylocity Holding Corp NASDAQ:PCTY has a 50 day moving average of 30.85 USD and a 200 day moving average of 26.84 USD. The 1 year high share price is 34.83 USD while the 52 week low for the share price is 15.74 USD.

 

Paylocity Holding Corp NASDAQ:PCTY is a cloud-based provider of payroll and human capital management (HCM) software solutions for medium-sized organizations. The Company’s solutions help drive strategic human capital decision-making and improve employee engagement by enhancing the human resource, payroll and finance capabilities of our clients. Its multi-tenant software platform is configurable and includes a suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management. Its platform provides intuitive self-service functionality for employees and managers combined with seamless integration across all its solutions. The Company’s products include Paylocity Web Pay, Paylocity HR, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Web Onboarding, Paylocity Web Time, and Paylocity Web Benefits and Paylocity Enterprise Benefits.

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