NASDAQ:PCTYPaylocity Stock Price, Forecast & News

Paylocity's stock was trading at $108.94 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PCTY stock has increased by 27.1% and is now trading at $138.48. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Paylocity.

Paylocity is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Paylocity.

Paylocity Holding Corp (NASDAQ:PCTY) issued its earnings results on Thursday, May, 7th. The software maker reported $0.83 EPS for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.13. The software maker earned $171.65 million during the quarter, compared to the consensus estimate of $164.76 million. Paylocity had a net margin of 12.65% and a return on equity of 20.82%. Paylocity's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. View Paylocity's earnings history.

Paylocity updated its fourth quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $121-131 million, compared to the consensus revenue estimate of $135.89 million.

15 analysts have issued twelve-month target prices for Paylocity's shares. Their forecasts range from $93.00 to $163.00. On average, they expect Paylocity's stock price to reach $130.71 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. View analysts' price targets for Paylocity.

Media stories about PCTY stock have been trending extremely negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Paylocity earned a news impact score of -5.0 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutPaylocity.

Paylocity saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,650,000 shares, an increase of 63.6% from the April 15th total of 1,620,000 shares. Based on an average trading volume of 567,300 shares, the short-interest ratio is currently 4.7 days. Currently, 7.6% of the shares of the stock are sold short. View Paylocity's Current Options Chain.

Some companies that are related to Paylocity include Synopsys (SNPS), Twilio (TWLO), Docusign (DOCU), Cadence Design Systems (CDNS), ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Atlassian (TEAM), Crowdstrike (CRWD), Paycom Software (PAYC), Citrix Systems (CTXS), Check Point Software Technologies (CHKP), SS&C Technologies (SSNC), Tyler Technologies (TYL) and Tableau Software (DATA). View all competitors.

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

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

Paylocity's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.37%), Wasatch Advisors Inc. (4.59%), Franklin Resources Inc. (1.92%), TimesSquare Capital Management LLC (1.92%), Fred Alger Management LLC (1.57%) and Invesco Ltd. (1.34%). Company insiders that own Paylocity stock include Andrew Cappotelli, Edward W Gaty, Jeffrey T Diehl, Mark S Kinsey, Michael R Haske, Ronald V Waters, Steven I Sarowitz, Steven R Beauchamp and Toby J Williams. View institutional ownership trends for Paylocity.

PCTY stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Lord Abbett & CO. LLC, GW&K Investment Management LLC, Riverbridge Partners LLC, Two Sigma Investments LP, Fred Alger Management LLC, Nuveen Asset Management LLC, and Federated Hermes Inc.. Company insiders that have sold Paylocity company stock in the last year include Andrew Cappotelli, Edward W Gaty, Jeffrey T Diehl, Mark S Kinsey, Michael R Haske, Ronald V Waters, Steven I Sarowitz, Steven R Beauchamp, and Toby J Williams. View insider buying and selling activity for Paylocity.

PCTY stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Massachusetts Financial Services Co. MA, Wasatch Advisors Inc., Franklin Resources Inc., Diker Management LLC, Granahan Investment Management Inc. MA, Deutsche Bank AG, and Janus Henderson Group PLC. View insider buying and selling activity for Paylocity.

Shares of PCTY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PCTY stock can currently be purchased for approximately $138.48.

Paylocity has a market capitalization of $7.43 billion and generates $467.63 million in revenue each year. The software maker earns $53.82 million in net income (profit) each year or $1.08 on an earnings per share basis. Paylocity employs 3,050 workers across the globe.

The official website for Paylocity is www.paylocity.com.

Paylocity's mailing address is 1400 AMERICAN LANE, SCHAUMBURG IL, 60173. The software maker can be reached via phone at 847-463-3200 or via email at [email protected]