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Barclays lowered its price target on Paylocity Holding Corporation (PCTY) from $196 to $175, while keeping an Equal Weight rating. The reduced target reflects the company's Q3 earnings preview, with Barclays' model suggesting solid earnings but a "not stellar" outlook. Paylocity is set to release its fiscal first quarter 2026 results on November 4, 2025, with recurring revenue expected to grow 12% YoY.

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