JMP Securities analyst JMP Securities maintained a Buy rating on Paylocity (NASDAQ:PCTY) on Friday, setting a price target of $272, which is approximately 12.49% above the present share price of $241.8.
expects Paylocity to post earnings per share (EPS) of $0.68 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Paylocity, with an average price target of $243.4.
The analysts price targets range from a high of $272 to a low of $212.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $186.05 million and a net profit of $39.14 million. The company's market cap is $13.17 billion.
According to TipRanks.com, JMP Securities analyst JMP Securities is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.7% and a 61.77% success rate.
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.