In a report released today, Robert Simmons, CFA from D.A. Davidson maintained a Buy rating on Paylocity (PCTY – Research Report), with a price target of $215.00. The company’s shares closed yesterday at $149.65.
Simmons, CFA covers the Technology sector, focusing on stocks such as Workday, Paylocity, and Smartsheet. According to TipRanks, Simmons, CFA has an average return of -2.7% and a 41.67% success rate on recommended stocks.
Currently, the analyst consensus on Paylocity is a Moderate Buy with an average price target of $208.59.
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PCTY market cap is currently $8.25B and has a P/E ratio of 58.47.
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCTY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Paylocity (PCTY) Company Description:
Paylocity Holding Corp. engages in the development and provision of cloud-based software solution. It offers cloud-based payroll, human capital management applications, time labor tracking, benefits administration, and talent management. The company was founded on November 6, 2013 and is headquartered in Arlington Heights, IL.
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