Paylocity Holding (PCTY) Tops Q4 EPS by 3c; Issues Mixed Q1, FY16 Outlook

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Go back to Paylocity Holding (PCTY) Tops Q4 EPS by 3c; Issues Mixed Q1, FY16 Outlook

Needham & Company Raises Price Target on Paylocity Holding (PCTY) Following 3c EPS Beat

August 14, 2015 8:17 AM EDT

Needham & Company reiterated a Buy rating on Paylocity Holding (NASDAQ: PCTY), and raised the price target to $45.00 (from $40.00), following the company's 4Q15 earnings report. Revenue was reported at $40.0mm, ahead of $38mm consensus. EPS of ($0.03) beat consensus by $0.03.

Analyst Scott Berg commented, "Paylocity... More