Paylocity Stock Price, News & Analysis (NASDAQ:PCTY)

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PCTY shares.
View PCTY analyst ratings or view top-rated stocks.

14 Wall Street research analysts have issued twelve-month price targets for Paylocity's shares. Their PCTY share price targets range from $160.00 to $280.00. On average, they expect the company's share price to reach $225.75 in the next twelve months. This suggests a possible upside of 45.6% from the stock's current price.
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Paylocity's stock was trading at $194.26 on January 1st, 2023. Since then, PCTY shares have decreased by 20.2% and is now trading at $155.03.
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Paylocity saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,770,000 shares, an increase of 16.4% from the October 31st total of 1,520,000 shares. Based on an average daily trading volume, of 434,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 4.1% of the shares of the stock are sold short.
View Paylocity's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our PCTY earnings forecast.

Paylocity Holding Co. (NASDAQ:PCTY) released its earnings results on Thursday, November, 2nd. The software maker reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.13. The software maker had revenue of $317.59 million for the quarter, compared to analyst estimates of $316.58 million. Paylocity had a trailing twelve-month return on equity of 20.73% and a net margin of 11.70%.

ETFs with the largest weight of Paylocity (NASDAQ:PCTY) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG), Motley Fool Mid-Cap Growth ETF (TMFM), American CenturyFocused Dynamic Growth ETF (FDG), Invesco Focused Discovery Growth ETF (IVDG), AOT Growth & Innovation ETF (AOTG), Simplify Market Neutral Equity Long/Short ETF (EQLS), MFAM Small-Cap Growth ETF (MFMS) and Motley Fool Small-Cap Growth ETF (TMFS).

1,084 employees have rated Paylocity Chief Executive Officer Steve Beauchamp on Glassdoor.com. Steve Beauchamp has an approval rating of 95% among the company's employees. This puts Steve Beauchamp in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Paylocity investors own include Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), Lululemon Athletica (LULU), Visa (V), ServiceNow (NOW), Verizon Communications (VZ), Paycom Software (PAYC), AbbVie (ABBV) and Adobe (ADBE).

Paylocity's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (1.49%), Massachusetts Financial Services Co. MA (1.21%), Liontrust Investment Partners LLP (0.88%), Westfield Capital Management Co. LP (0.84%), Bank of New York Mellon Corp (0.83%) and Northern Trust Corp (0.79%). Insiders that own company stock include Andrew Cappotelli, Bernard Robinson Kenneth, Douglas Bruggeman, Edward W Gaty, Jeffrey T Diehl, Joshua Scutt, Mark S Kinsey, Michael R Haske, Nicholas Rost, Ronald V Waters, Ryan Glenn, Steven I Sarowitz, Steven R Beauchamp, Steven R Beauchamp and Toby J Williams.
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Shares of PCTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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