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Paylocity Holding reported Q1 revenue growth and provided fresh earnings guidance, projecting steady growth. Despite a challenging share price run, the company's recent dip and sizable discount to analyst targets make it an undervalued buy. The most-followed narrative sets a fair value of $214.58, a substantial gap from the current share price of $141.88. Expansion of Paylocity's unified HR and finance platform, coupled with advanced AI-powered features, positions the company to capture growing demand and drive higher recurring revenue and average revenue per client over time.

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