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Paylocity Holding Corp 34.3% Potential Upside Now Implied by Stifel

Paylocity Holding Corp using SYMBOL/TICKER code NASDAQ:PCTY had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘BUY’ today by analysts at Stifel. Paylocity Holding Corp are listed in the Technology sector within NASDAQ. Stifel have set a target price of 40 USD on its stock. This would indicate that the analyst believes there is a potential upside of 34.3% from the opening price of 29.78 USD.

Paylocity Holding Corp NASDAQ:PCTY has a 50 day moving average of 34.58 USD and a 200 day moving average of 31.76 USD. The 1 year high for the share price is 38.59 USD while the 52 week low for the stock is 19.2 USD. Over the last 30 and 90 trading days the company share price has decreased 5.22 points and decreased 2.72 points respectively. There are currently 51,714,996 shares in issue with the average daily volume traded being 277,335. Market capitalisation for NASDAQ:PCTY is $1,536,452,484.00 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 enable its clients to manage their workforce. 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 payroll and HCM applications use a unified database and provide on-demand reporting and analytics. The Company’s platform provides intuitive self-service functionality for employees and managers combined with seamless integration across all its solutions. The Company markets and sells its products primarily through its direct sales force. Its products include Paylocity Web Pay, Paylocity Affordable Care Act Enhanced, Paylocity Impressions, Performance Management, Paylocity Web Onboarding, Paylocity Web Time, and Paylocity Web Benefits and Paylocity Enterprise Benefits, powered by bswift.

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