BMO Capital lowered the firm’s price target on Paylocity (PCTY) to $135 from $150 but keeps an Outperform rating on the shares as part of a broader research note previewing quarterly results in Human Capital Management, or HCM . The company continues to be the fastest growing company in the group in the near-term and the management has executed well, scaling efficiently with 20% growth in free cash flow in the first half of FY26, the analyst tells investors in a research note. Good execution in the reporting quarter could provide a bit of “bounce back” quarter for the company in Q3, the firm added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCTY:
- Private Markets: SpaceX files for IPO, Anthropic weighs going public soon
- Paylocity price target lowered to $155 from $178 at TD Cowen
- Paylocity: Buy Rating Reaffirmed on Enhanced Interest Income, Upgraded Profitability Outlook, and $155 FCF-Based Price Target
- Point72 buys Visa, cuts Meta in Q4
- Paylocity Earnings Call Highlights AI, Cash and Growth