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Paylocity Holding (NASDAQ:PCTY) stock price target increased to $50.00, issued a research note today by RBC Capital Markets

In a report released on 09/30/2016 RBC Capital Markets bumped up the target of Paylocity Holding (NASDAQ:PCTY) to $50.00 stating a potential upside of 0.14%.

Showing a price of $43.82, Paylocity Holding (NASDAQ:PCTY) traded 1.46% higher on the day. The last stock close price is up 10.92% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $44.01 and a 200-day moving average of $40.08. 234,364 shares of the stock were exchanged, down from an average trading volume of 241,202

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Paylocity Holding (NASDAQ:PCTY)

Paylocity Holding has a 52 week low of $24.00 and a 52 week high of $49.65 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $43.45 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Paylocity Holding (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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