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Paylocity price target raised to $230 from $226 at BMO Capital

BMO Capital raised the firm’s price target on Paylocity (PCTY) to $230 from $226 and keeps an Outperform rating on the shares. The company’s Q4 results came in slightly better than expected with an above-average recurring revenue beat, which supported a FY26 recurring ex-float guide that was about 50bps more than BMO’s outlook, the analyst tells investors in a research note.

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