Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $224.75.
A number of research firms recently issued reports on PCTY. Needham & Company LLC restated a "buy" rating and set a $250.00 price objective on shares of Paylocity in a report on Friday, May 2nd. KeyCorp reduced their target price on shares of Paylocity from $250.00 to $220.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets raised their price target on shares of Paylocity from $210.00 to $226.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Jefferies Financial Group lowered their price target on shares of Paylocity from $255.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Stifel Nicolaus reduced their price objective on Paylocity from $250.00 to $235.00 and set a "buy" rating for the company in a report on Friday, May 2nd.
Read Our Latest Stock Report on Paylocity
Paylocity Stock Performance
NASDAQ PCTY opened at $180.04 on Thursday. The company has a fifty day moving average price of $188.76 and a 200-day moving average price of $193.82. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 44.90, a PEG ratio of 3.56 and a beta of 0.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. Paylocity has a 1 year low of $130.51 and a 1 year high of $223.80.
Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $2.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.34. Paylocity had a net margin of 14.65% and a return on equity of 22.90%. The business had revenue of $454.55 million during the quarter, compared to the consensus estimate of $441.77 million. During the same period in the prior year, the firm posted $2.21 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Paylocity will post 4.36 EPS for the current fiscal year.
Insider Buying and Selling
In other news, SVP Andrew Cappotelli sold 1,717 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $176.74, for a total transaction of $303,462.58. Following the sale, the senior vice president directly owned 11,953 shares in the company, valued at $2,112,573.22. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 21.91% of the stock is currently owned by corporate insiders.
Institutional Trading of Paylocity
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Paylocity during the 4th quarter valued at $29,000. Janney Montgomery Scott LLC boosted its position in Paylocity by 6.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker's stock valued at $1,179,000 after buying an additional 383 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Paylocity by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 285,556 shares of the software maker's stock worth $56,960,000 after acquiring an additional 3,130 shares during the last quarter. UMB Bank n.a. increased its position in shares of Paylocity by 89.1% in the first quarter. UMB Bank n.a. now owns 467 shares of the software maker's stock valued at $87,000 after acquiring an additional 220 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Paylocity by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,029,402 shares of the software maker's stock valued at $803,745,000 after acquiring an additional 46,183 shares during the last quarter. Institutional investors own 94.76% of the company's stock.
About Paylocity
(
Get Free ReportPaylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.
Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Paylocity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paylocity wasn't on the list.
While Paylocity currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.