Mizuho Securities Reaffirms Their Hold Rating on Paylocity

By Carrie Williams

In a report released today, Abhey Lamba from Mizuho Securities reiterated a Hold rating on Paylocity (NASDAQ: PCTY), with a price target of $45. The company’s shares opened today at $49.93, close to its 52-week high of $50.72.

According to TipRanks.com, Lamba is a 5-star analyst with an average return of 10.9% and a 66.3% success rate. Lamba covers the Technology sector, focusing on stocks such as Black Knight Financial Services, CommVault Systems, and Microstrategy Inc.

Paylocity has an analyst consensus of Moderate Buy, with a price target consensus of $51.88.

Paylocity’s market cap is currently $2.59B and has a P/E ratio of 416.5. The company has a book value ratio of 17.5178.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.