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

$155.03
+5.38 (+3.60%)
(As of 11/29/2023 ET)
Compare
Today's Range
$152.00
$157.03
50-Day Range
$141.89
$205.05
52-Week Range
$139.40
$235.00
Volume
741,531 shs
Average Volume
450,061 shs
Market Capitalization
$8.71 billion
P/E Ratio
60.32
Dividend Yield
N/A
Price Target
$225.75

Paylocity MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
45.6% Upside
$225.75 Price Target
Short Interest
Bearish
4.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
0.60mentions of Paylocity in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$13.72 M Sold Last Quarter
Proj. Earnings Growth
16.95%
From $3.48 to $4.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.16 out of 5 stars

Computer And Technology Sector

8th out of 603 stocks

Prepackaged Software Industry

4th out of 195 stocks


PCTY stock logo

About Paylocity Stock (NASDAQ:PCTY)

Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions. It provides human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution; schedule tracking services; and time collection devices, including kiosks, time clocks, and mobile and web applications. In addition, the company offers talent management solutions comprising recruiting and onboarding, as well as learning, performance, and compensation management; and third-party administrative solutions; employee experiences solutions, including community, premium video, survey, and peer recognition; and insights and recommendations solutions, such as modern workforce index, data insights, and reporting. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. Paylocity Holding Corporation was founded in 1997 and is headquartered in Schaumburg, Illinois.

PCTY Stock Price History

PCTY Stock News Headlines

StockNews.com Lowers Paylocity (NASDAQ:PCTY) to Hold
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Paylocity (NASDAQ:PCTY) Cut to "Hold" at StockNews.com
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Why Paylocity (PCTY) Shares Are Trading Lower Today
What To Expect From Paylocity’s (PCTY) Q1 Earnings
Why Paylocity (PCTY) Could Beat Earnings Estimates Again
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
11/29/2023
Next Earnings (Estimated)
2/01/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:PCTY
Fax
N/A
Employees
6,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$225.75
High Stock Price Target
$280.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+44.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$140.82 million
Pretax Margin
15.83%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$3.93 per share
Book Value
$15.89 per share

Miscellaneous

Free Float
43,537,000
Market Cap
$8.77 billion
Optionable
Optionable
Beta
1.05
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PCTY Stock Analysis - Frequently Asked Questions

Should I buy or sell Paylocity stock right now?

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.

What is Paylocity's stock price target for 2024?

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.
View analysts price targets for PCTY
or view top-rated stocks among Wall Street analysts.

How have PCTY shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Paylocity?

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
.

When is Paylocity's next earnings date?

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

How were Paylocity's earnings last quarter?

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%.

What is Steve Beauchamp's approval rating as Paylocity's CEO?

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.

What other stocks do shareholders of Paylocity own?

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).

Who are Paylocity's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Paylocity?

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.
Compare Top Brokerages Here.

This page (NASDAQ:PCTY) was last updated on 11/29/2023 by MarketBeat.com Staff

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