Paylocity (PCTY) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PCTY shares.
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12 Wall Street analysts have issued 12 month price objectives for Paylocity's shares. Their PCTY share price forecasts range from $213.00 to $325.00. On average, they expect the company's share price to reach $260.79 in the next twelve months. This suggests a possible upside of 47.4% from the stock's current price.
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Paylocity's stock was trading at $194.26 at the beginning of the year. Since then, PCTY shares have decreased by 8.9% and is now trading at $176.88.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Paylocity Holding Co. (NASDAQ:PCTY) posted its earnings results on Thursday, August, 3rd. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.15. The software maker earned $308.45 million during the quarter, compared to the consensus estimate of $301.43 million. Paylocity had a trailing twelve-month return on equity of 21.89% and a net margin of 11.99%.

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).

Paylocity issued an update on its first quarter 2024 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $314.10 million-$318.10 million, compared to the consensus revenue estimate of $315.70 million.

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 trades on the NASDAQ under the ticker symbol "PCTY."

Paylocity's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.40%), Wasatch Advisors LP (2.69%), State Street Corp (2.30%), Riverbridge Partners LLC (1.65%), Geode Capital Management LLC (1.31%) and Adams Street Partners LLC (1.05%). 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, Robin Le Pederson, 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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One share of PCTY stock can currently be purchased for approximately $176.88.

Paylocity (NASDAQ:PCTY) has a market capitalization of $9.89 billion and generates $1.17 billion in revenue each year. The software maker earns $140.82 million in net income (profit) each year or $2.50 on an earnings per share basis.

The company employs 6,100 workers across the globe.

Paylocity's mailing address is 1400 AMERICAN LANE, SCHAUMBURG IL, 60173. The official website for the company is www.paylocity.com. The software maker can be reached via phone at (847) 463-3200 or via email at investors@paylocity.com.