Analysts’ Top Technology Picks: Paylocity (PCTY), Bottomline Technologies (EPAY)

By Jason Carr

Analysts fell to the sidelines weighing in on Paylocity (PCTYResearch Report) and Bottomline Technologies (EPAYResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Paylocity (PCTY)

In a report issued on August 8, Matthew Hedberg from RBC Capital maintained a Hold rating on Paylocity, with a price target of $107. The company’s shares closed on Friday at $110.66, close to its 52-week high of $111.61.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 27.1% and a 76.8% success rate. Hedberg covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Altair Engineering Inc, and Pivotal Software Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paylocity with a $120 average price target.

See today’s analyst top recommended stocks >>

Bottomline Technologies (EPAY)

RBC Capital analyst Daniel Perlin maintained a Hold rating on Bottomline Technologies on August 8 and set a price target of $52. The company’s shares closed on Friday at $42.82, close to its 52-week low of $39.49.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 24.7% and a 81.8% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Fidelity National Info, and DXC Technology Company.

Bottomline Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $51.17, representing a 19.5% upside. In a report issued on August 9, D.A. Davidson also maintained a Hold rating on the stock with a $39 price target.

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