Barclays raised the firm’s price target on Paylocity to $213 from $204 and keeps an Equal Weight rating on the shares. The analyst views the Q4 results as a “small positive” for Paylocity, highlighted by the larger recurring revenue beat level, above Street fiscal 2024 guidance and upgraded long-term margin targets.
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Read More on PCTY:
- Paylocity price target raised to $260 from $253 at TD Cowen
- Paylocity sees fiscal 2024 revenue $1.405B-$1.41B, consensus $1.41B
- Paylocity sees Q1 revenue $314.1M-$318.1M, consensus $315.7M
- Paylocity reports Q4 EPS $1.32, consensus $1.14
- Paylocity Unveils New Products and Features to Further Extend its Innovation and Leadership in the HCM Industry