Nine analysts have recently updated their ratings on Paylocity Holding (NASDAQ:PCTY), with a mix of bullish and bearish sentiments. The average 12-month price target is now $199.89, a 22.65% decrease from the previous target of $258.43. Analysts from firms including JMP Securities, Jefferies, TD Cowen, UBS, Mizuho, Needham, Keybanc, and Piper Sandler have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Paylocity is a provider of payroll and HCM solutions and has shown a revenue growth rate of 25.39% as of September 30, 2023. However, its ROE and ROA are below industry standards, and analysts have varied opinions on the stock's future performance.