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NASDAQ:PCTY

Paylocity (PCTY) Stock Price, News & Analysis

$169.82
-2.76 (-1.60%)
(As of 05/22/2024 ET)
Today's Range
$169.25
$173.00
50-Day Range
$149.24
$173.29
52-Week Range
$139.40
$230.52
Volume
361,545 shs
Average Volume
623,443 shs
Market Capitalization
$9.58 billion
P/E Ratio
49.37
Dividend Yield
N/A
Price Target
$196.67

Paylocity MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
15.7% Upside
$196.40 Price Target
Short Interest
Bearish
6.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
1.33mentions of Paylocity in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$5.06 M Sold Last Quarter
Proj. Earnings Growth
13.77%
From $3.85 to $4.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Computer And Technology Sector

30th out of 590 stocks

Prepackaged Software Industry

8th 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

Paylocity (NASDAQ:PCTY) PT Raised to $178.00
Paylocity (PCTY) Stock Trades Up, Here Is Why
Paylocity earnings: here's what Wall Street expects
Paylocity announces Q3 FY24 earnings conference call
PCTY Apr 2024 180.000 call
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
5/23/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/01/2024

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
$196.40
High Stock Price Target
$250.00
Low Stock Price Target
$155.00
Potential Upside/Downside
+15.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
15 Analysts

Profitability

Net Income
$140.82 million
Pretax Margin
19.24%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$3.67 per share
Book Value
$19.48 per share

Miscellaneous

Free Float
43,734,000
Market Cap
$9.58 billion
Optionable
Optionable
Beta
0.88
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PCTY Stock Analysis - Frequently Asked Questions

Should I buy or sell Paylocity stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last twelve months. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

15 Wall Street analysts have issued 1 year price targets for Paylocity's shares. Their PCTY share price targets range from $155.00 to $250.00. On average, they expect the company's stock price to reach $196.40 in the next year. This suggests a possible upside of 15.7% 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 2024?

Paylocity's stock was trading at $164.85 at the beginning of the year. Since then, PCTY stock has increased by 3.0% and is now trading at $169.82.
View the best growth stocks for 2024 here
.

When is Paylocity's next earnings date?

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

How were Paylocity's earnings last quarter?

Paylocity Holding Co. (NASDAQ:PCTY) issued its quarterly earnings results on Thursday, November, 4th. The software maker reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.21. The software maker had revenue of $181.70 million for the quarter, compared to analyst estimates of $173.97 million. Paylocity had a net margin of 14.42% and a trailing twelve-month return on equity of 22.08%. The business's quarterly revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share.

What guidance has Paylocity issued on next quarter's earnings?

Paylocity updated its fourth quarter 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $347.8 million-$351.8 million, compared to the consensus revenue estimate of $345.7 million.

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 many different retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (15.65%), Vanguard Group Inc. (7.17%), Wasatch Advisors LP (4.25%), Capital International Investors (2.15%), Riverbridge Partners LLC (1.54%) and Janus Henderson Group PLC (0.88%). Insiders that own company stock include Andrew Cappotelli, Bernard Robinson Kenneth, Douglas Bruggeman, Jeffrey T Diehl, Joshua Scutt, Katherine Ross, Mark S Kinsey, Michael R Haske, Nicholas Rost, Rachit Lohani, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PCTY) was last updated on 5/23/2024 by MarketBeat.com Staff

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