A statement released earlier today by RBC Capital about Paylocity (NASDAQ:PCTY) bumps the target price to $50.00
- Updated: September 29, 2016
RBC Capital bumped up the target of Paylocity (NASDAQ:PCTY) to $50.00 stating a potential upside of 0.14%.
Boasting a price of $43.82, Paylocity (NASDAQ:PCTY) traded -2.34% lower on the day. With the last close up 9.59% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Paylocity has recorded a 50-day average of $44.04 and a two hundred day average of $39.99. Volume of trade was down over the average, with 96,106 shares of PCTY changing hands under the typical 246,264
With a total market value of $0, Paylocity has with a one year low of $24.00 and a one year high of $49.65 .
A total of 11 analysts have released a research note on PCTY. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $43.45.
More About Paylocity (NASDAQ:PCTY)
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company's services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture. The cloud-based platform features a suite of unified payroll and HCM applications. The Company, through cloud-based platform, offers various products, which include Paylocity Web Pay, Paylocity HR, Paylocity Affordable Care Act Enhanced, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Recruiting, Paylocity Web Time, Paylocity Web Onboarding, and Paylocity Web Benefits and Paylocity Enterprise Benefits, Powered by bswift. The multi-tenant software platform is configurable and includes a unified suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management.
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