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 (WHO). Since then, PCTY stock has increased by 24.1% and is now trading at $135.17. 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 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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) announced its quarterly earnings data on Thursday, May, 7th. The software maker reported $0.83 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.13. The software maker earned $171.65 million during the quarter, compared to analysts' expectations of $164.76 million. Paylocity had a net margin of 12.65% and a return on equity of 20.82%. The business's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. View Paylocity's earnings history.

Paylocity updated its fourth quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (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 Wall Street 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 share price to reach $133.21 in the next year. This suggests that the stock has a possible downside of 1.4%. View analysts' price targets for Paylocity.

News articles about PCTY stock have trended extremely negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Paylocity earned a news sentiment score of -4.3 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the near term. View the latest news about Paylocity.

Paylocity saw a decline in short interest in June. As of June 30th, there was short interest totaling 2,080,000 shares, a decline of 8.8% from the June 15th total of 2,280,000 shares. Based on an average trading volume of 738,600 shares, the days-to-cover ratio is presently 2.8 days. Approximately 5.8% of the company's stock are sold short. View Paylocity's Current Options Chain.

Some companies that are related to Paylocity include Cadence Design Systems (CDNS), Datadog (DDOG), ANSYS (ANSS), Okta (OKTA), Crowdstrike (CRWD), Atlassian (TEAM), Coupa Software (COUP), Citrix Systems (CTXS), Paycom Software (PAYC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), Tyler Technologies (TYL), SS&C Technologies (SSNC) and Symantec (SYMC). 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 many different retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (1.00%), Envestnet Asset Management Inc. (0.06%), Gradient Investments LLC (0.03%), Wiley BROS. Aintree Capital LLC (0.02%), Louisiana State Employees Retirement System (0.02%) and Redhawk Wealth Advisors Inc. (0.00%). 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 Riverbridge Partners LLC, Wiley BROS. Aintree Capital LLC, and Redhawk Wealth Advisors 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 bought by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Envestnet Asset Management Inc., and Gradient Investments LLC. 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 $135.17.

Paylocity has a market capitalization of $7.26 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]