Needham analyst Scott Berg maintained a Buy rating on Paylocity (NASDAQ:PCTY) on Friday, setting a price target of $325, which is approximately 11.68% above the present share price of $291.
Berg 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 $278.36.
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, Needham analyst Scott Berg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.0% and a 73.76% 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.