Paylocity stock sinks 7% after Q2 report and outlook, as Wall Street trims targets
Paylocity shares dropped 7.2% to $117.88 Friday, extending losses after its earnings report. The company raised full-year forecasts and reported 11.3% growth in recurring revenue, but analysts trimmed price targets, citing weak sector demand. The U.S. January jobs report, delayed by a brief shutdown, is now set for Feb. 11.
