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Paylocity price target raised to $226 from $210 at BMO Capital

BMO Capital raised the firm’s price target on Paylocity (PCTY) to $226 from $210 and keeps an Outperform rating on the shares. The company’s Q3 results demonstrated continued solid performance across both growth and profitability, with upside on both the top and bottom line, the analyst tells investors in a research note.

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