JMP Securities analyst Patrick Walravens maintained a Buy rating on Paylocity (NASDAQ:PCTY) on Friday, setting a price target of $320, which is approximately 9.97% above the present share price of $291.
Walravens expects Paylocity to post earnings per share (EPS) of $0.22 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Paylocity, with an average price target of $276.55.
The analysts price targets range from a high of $325 to a low of $230.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $167.45 million and a net profit of $9.1 million. The company's market cap is $16.01 billion.
According to TipRanks.com, JMP Securities analyst Patrick Walravens is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.9% and a 72.54% 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.