Paylocity Launches Expense Management Product
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Paylocity Holding (PCTY) PT Lowered to $40 at Needham & Company Following 2Q Beat
February 3, 2017 7:07 AM ESTNeedham & Company lowered its price target on Paylocity Holding (NASDAQ: PCTY) to $40.00 (from $58.00) while maintaining a Buy rating. Total revenues increased 24.4% Y/Y to $66.7mm, with recurring revenues increasing 26.3% Y/Y from $51.7mm to $65.3mm.
Analyst Scott Berg commented, "Paylocity reported a very... More
