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196.83
0.32%
0.63
After Hours:
196.83
Why is Paylocity Holding Corp (PCTY) Stock down?
We've noticed a 6.25% decline in Paylocity Holding Corp (PCTY) stock during the 2024-07-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Nov, 2023:
Shares of Paylocity Holding Corporation (PCTY) dropped by 15.48% from $171.86 to $145.26 in the trading on Friday, November 3, 2023. The reason why PCTY down is due to changes in price targets. Paylocity reported adjusted earnings of $1.40 per share, surpassing market expectations of $1.14 per share. The company also achieved revenue of $317.6 million, slightly higher than the anticipated $316 million. Despite these positive financial results, several analysts modified their price targets for Paylocity:
- Piper Sandler lowered the price target from $249 to $207 but maintained an Overweight rating.
- Keybanc reduced the price target from $255 to $197 while also maintaining an Overweight rating.
- Needham lowered the price target from $325 to $200 but maintained a Buy rating.
11.56%
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