NASDAQ:PCTY

Paylocity (PCTY) Stock Forecast, Price & News

$182.44

-3.16 (-1.70%)

(As of 04:33 PM ET)

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Today's Range: $182.12
▼
$187.64
50-Day Range: $163.30
▼
$198.78
52-Week Range: $152.01
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$276.88

Volume: 403,430 shs
Average Volume: 486,052 shs
Market Capitalization: $10.18 billion

P/E Ratio: 86.46
Dividend Yield: N/A
Price Target: $263.27

Paylocity MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 43.2% Upside
$263.27 Price Target
Short Interest: Bearish
6.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.54
Upright™ Environmental Score
News Sentiment: 0.61
Based on 6 Articles This Week
Insider Trading: Selling Shares
$21.05 M Sold Last Quarter
Proj. Earnings Growth: 26.12%
From $2.45 to $3.09 Per Share

Overall MarketRank^™

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

2.94 out of 5 stars

Computer And Technology Sector

29th out of 599 stocks

Prepackaged Software Industry

7th out of 210 stocks

3.4

Analyst's Opinion

Consensus Rating
Paylocity has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $263.27, Paylocity has a forecasted upside of 43.2% from its current price of $183.89.
Amount of Analyst Coverage
Paylocity has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.40% of the float of Paylocity has been sold short.
Short Interest Ratio / Days to Cover
Paylocity has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in Paylocity has recently decreased by 2.19%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Paylocity does not currently pay a dividend.
Dividend Growth
Paylocity does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Paylocity has received a 50.14% net impact score from Upright. Paylocity seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Project management software", "Payroll management software", "Tax declaration applications", and "Feedback software for employees" products. See details.
Environmental Sustainability
The Environmental Impact score for Paylocity is -0.54.

3.1

News and Social Media Coverage

News Sentiment
Paylocity has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Paylocity this week, compared to 5 articles on an average week.
MarketBeat Follows
8 people have added Paylocity to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Paylocity insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $21,051,287.00 in company stock.
Percentage Held by Insiders
26.50% of the stock of Paylocity is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
72.79% of the stock of Paylocity is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Paylocity are expected to grow by 26.12% in the coming year, from $2.45 to $3.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Paylocity is 87.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of Paylocity is 87.15, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 320.09.
Price to Book Value per Share Ratio
Paylocity has a P/B Ratio of 16.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Paylocity (NASDAQ:PCTY) Stock

Paylocity Holding Corp. engages in the development and provision of cloud-based software solutions. It offers cloud-based payroll, human capital management applications, time labor tracking, benefits administration, and talent management. The company was founded by Steve I. Sarowitz in 1997 and is headquartered in Schaumburg, IL.

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PCTY Stock News Headlines

June 7, 2023 | finance.yahoo.com

Is Paylocity (PCTY) a Solid Growth Stock? 3 Reasons to Think "Yes"

June 7, 2023 | finance.yahoo.com

Wall Street Analysts See a 32.25% Upside in Paylocity (PCTY): Can the Stock Really Move This High?

June 9, 2023 | Vantage Point (Ad)

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June 3, 2023 | americanbankingnews.com

Paylocity Holding Co. (NASDAQ:PCTY) Director Steven I. Sarowitz Sells 72,339 Shares

May 30, 2023 | markets.businessinsider.com

9 Analysts Have This to Say About Paylocity Holding

May 30, 2023 | msn.com

Barclays Initiates Coverage of Paylocity Holding (PCTY) with Equal-Weight Recommendation

May 30, 2023 | americanbankingnews.com

Paylocity (NASDAQ:PCTY) Receives New Coverage from Analysts at Barclays

May 25, 2023 | americanbankingnews.com

Paylocity Holding Co. (NASDAQ:PCTY) Given Average Rating of "Moderate Buy" by Brokerages

June 9, 2023 | Vantage Point (Ad)

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May 24, 2023 | thestreet.com

Paylocity Holding Corporation

May 14, 2023 | americanbankingnews.com

Paylocity Holding Co. (NASDAQ:PCTY) CAO Sells $48,884.92 in Stock

May 12, 2023 | finance.yahoo.com

Paylocity (PCTY) is an Incredible Growth Stock: 3 Reasons Why

May 12, 2023 | msn.com

Paylocity (PCTY) Upgraded to Buy: What Does It Mean for the Stock?

May 11, 2023 | americanbankingnews.com

Paylocity Holding Co. (NASDAQ:PCTY) to Post FY2024 Earnings of $2.97 Per Share, DA Davidson Forecasts

May 10, 2023 | msn.com

Citigroup Maintains Paylocity Holding (PCTY) Neutral Recommendation

May 10, 2023 | americanbankingnews.com

Paylocity Holding Co. (NASDAQ:PCTY) Forecasted to Post FY2023 Earnings of $2.29 Per Share

May 8, 2023 | americanbankingnews.com

Paylocity (NASDAQ:PCTY) PT Lowered to $280.00 at Robert W. Baird

May 7, 2023 | americanbankingnews.com

Paylocity (NASDAQ:PCTY) Shares Gap Down on Analyst Downgrade

May 6, 2023 | americanbankingnews.com

Paylocity (NASDAQ:PCTY) Price Target Cut to $245.00 by Analysts at Piper Sandler

May 6, 2023 | americanbankingnews.com

Paylocity (NASDAQ:PCTY) Price Target Lowered to $250.00 at Truist Financial

May 5, 2023 | finance.yahoo.com

Paylocity (PCTY) Q3 Earnings and Revenues Surpass Estimates

May 5, 2023 | americanbankingnews.com

Paylocity (NASDAQ:PCTY) Price Target Cut to $200.00 by Analysts at Mizuho

May 5, 2023 | finance.yahoo.com

Paylocity (PCTY) Q3 Earnings and Revenues Beat Estimates

May 4, 2023 | finance.yahoo.com

Paylocity Announces Third Quarter Fiscal Year 2023 Financial Results

May 3, 2023 | finance.yahoo.com

Is Paylocity Holding Corporation (NASDAQ:PCTY) Worth US$190 Based On Its Intrinsic Value?

May 2, 2023 | americanbankingnews.com

Paylocity (PCTY) Set to Announce Earnings on Thursday

April 30, 2023 | americanbankingnews.com

Brokerages Set Paylocity Holding Co. (NASDAQ:PCTY) Price Target at $272.36

See More Headlines

PCTY Price History

30 days | 90 days | 365 days | Advanced Chart

PCTY Company Calendar

Last Earnings: 5/04/2023
Today: 6/09/2023
Fiscal Year End: 6/30/2023
Next Earnings (Estimated): 8/03/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:PCTY
CUSIP: N/A
CIK: 1591698
Web: www.paylocity.com
Phone: (847) 463-3200
Fax: N/A
Employees: 5,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $263.27
High Stock Price Forecast: $325.00
Low Stock Price Forecast: $199.00
Forecasted Upside/Downside: +41.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.11
Trailing P/E Ratio: 88.50
Forward P/E Ratio: 76.22
P/E Growth: N/A
Net Income: $90.78 million
Net Margins: 10.84%
Pretax Margin: 11.44%
Return on Equity: 20.23%
Return on Assets: 3.37%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.06
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $852.65 million
Price / Sales: 12.22
Cash Flow: $2.74 per share
Price / Cash Flow: 68.21
Book Value: $11.13 per share
Price / Book: 16.78

Miscellaneous

Outstanding Shares: 55,810,000
Free Float: 41,024,000
Market Cap: $10.42 billion
Optionable: Optionable
Beta: 1.08

Key Executives

Steven R. Beauchamp
Co-Chief Executive Officer & Director

Toby J. Williams
President, Co-Chief Executive Officer & Director

Ryan Glenn
Chief Financial Officer & Treasurer

Christine Pellini
VP-Technology & Product

Rachit Lohani
Chief Technology Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PCTY Stock - Frequently Asked Questions

Should I buy or sell Paylocity stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PCTY shares.
View PCTY analyst ratings or view top-rated stocks.
What is Paylocity's stock price forecast for 2023?: 11 brokerages have issued 12-month price targets for Paylocity's stock. Their PCTY share price forecasts range from $199.00 to $325.00. On average, they predict the company's stock price to reach $263.27 in the next twelve months. This suggests a possible upside of 41.0% 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 at the beginning of 2023. Since then, PCTY stock has decreased by 3.9% and is now trading at $186.74.
View the best growth stocks for 2023 here.
When is Paylocity's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our PCTY earnings forecast.
How were Paylocity's earnings last quarter?: Paylocity Holding Co. (NASDAQ:PCTY) posted its quarterly earnings results on Thursday, May, 4th. The software maker reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.18. The software maker had revenue of $339.86 million for the quarter, compared to analyst estimates of $332.79 million. Paylocity had a trailing twelve-month return on equity of 20.23% and a net margin of 10.84%.
What ETFs hold Paylocity's stock?: ETFs with the largest weight of Paylocity (NASDAQ:PCTY) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), American CenturyFocused Dynamic Growth ETF (FDG), Invesco Focused Discovery Growth ETF (IVDG), Invesco Dynamic Software ETF (PSJ), AOT Growth & Innovation ETF (AOTG), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), Motley Fool Small-Cap Growth ETF (TMFS) and MFAM Small-Cap Growth ETF (MFMS).
What guidance has Paylocity issued on next quarter's earnings?: Paylocity updated its fourth quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $299.20 million-$303.20 million, compared to the consensus revenue estimate of $300.17 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).
What is Paylocity's stock symbol?: Paylocity trades on the NASDAQ under the ticker symbol "PCTY."
Who are Paylocity's major shareholders?: Paylocity's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.25%), BlackRock Inc. (7.84%), Wasatch Advisors LP (2.62%), State Street Corp (2.30%), Geode Capital Management LLC (1.22%) and Riverbridge Partners LLC (1.19%). Insiders that own company stock include Andrew Cappotelli, Bernard Robinson Kenneth, Douglas Bruggeman, Edward W Gaty, Jeffrey T Diehl, Jeffrey T Diehl, 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.
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.
What is Paylocity's stock price today?: One share of PCTY stock can currently be purchased for approximately $186.74.
How much money does Paylocity make?: Paylocity (NASDAQ:PCTY) has a market capitalization of $10.42 billion and generates $852.65 million in revenue each year. The software maker earns $90.78 million in net income (profit) each year or $2.11 on an earnings per share basis.
How many employees does Paylocity have?: The company employs 5,300 workers across the globe.
How can I contact Paylocity?: 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.

This page (NASDAQ:PCTY) was last updated on 6/9/2023 by MarketBeat.com Staff

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