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Fly News Breaks for August 10, 2016
PCTY
Aug 10, 2016 | 07:21 EDT
Stifel analyst Brad Reback believes that Paylocity reported "strong" and "impressive" Q4 results. The analyst notes that the company raised its guidance, and he views the new guidance as conservative. Reback thinks that the company can grow its recurring revenue at a 25%-30% + clip while expanding its margins. He keeps a Buy rating on the shares.
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