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Fly News Breaks for May 5, 2017
PCTY
May 5, 2017 | 08:56 EDT
Baird analyst Mark Marcon said Paylocity reported strong Q3 results against tough comps and continued to gain market share while leveraging investments. He said Q4 guidance was below consensus, but he believes it could be conservative as he sees improved margins and a better growth trajectory. Marcon reiterated his Outperform rating and raised his price target to $44 from $40 on Paylocity shares.
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