Paylocity Holding Corporation (NASDAQ:PCTY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": 20 analysts cover Paylocity with 15 buys, 4 holds and 1 sell, and an average 1-year price target of $177.21.
• Analyst sentiment is mixed beneath the surface — several firms cut targets recently (Stifel to $165, Mizuho to $150, Truist to $180) and ratings range from sell to buy.
• Fundamentals: Paylocity beat quarterly expectations with EPS $1.85 vs $1.57 and revenue $416.13M (up 10.4% YoY); the stock trades near $102.46 with a market cap of about $5.52B.

Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $177.2105.

A number of brokerages have recently commented on PCTY. Stifel Nicolaus dropped their price target on Paylocity from $188.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 6th. Wall Street Zen cut shares of Paylocity from a "buy" rating to a "hold" rating in a research note on Sunday, February 22nd. Mizuho dropped their price target on shares of Paylocity from $180.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, February 6th. Weiss Ratings restated a "sell (d+)" rating on shares of Paylocity in a research note on Friday. Finally, Truist Financial dropped their price target on shares of Paylocity from $240.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 6th.

Paylocity Stock Up 1.1%

Shares of NASDAQ PCTY opened at $102.46 on Wednesday. Paylocity has a one year low of $92.99 and a one year high of $201.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.04 and a quick ratio of 1.04. The business's fifty day moving average price is $106.98 and its 200-day moving average price is $130.39. The stock has a market capitalization of $5.52 billion, a PE ratio of 24.11, a P/E/G ratio of 2.93 and a beta of 0.57.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.28. Paylocity had a return on equity of 23.44% and a net margin of 14.19%.The firm had revenue of $416.13 million for the quarter, compared to analysts' expectations of $408.37 million. During the same quarter in the prior year, the firm earned $1.52 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Paylocity will post 5.31 EPS for the current year.

Institutional Trading of Paylocity

Institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new stake in Paylocity during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Paylocity by 363.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 149 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Paylocity during the 4th quarter worth about $30,000. Advisory Services Network LLC purchased a new stake in Paylocity during the 3rd quarter worth about $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Paylocity during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

Paylocity Company Profile

Paylocity NASDAQ: PCTY is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company's integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.

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