NASDAQ:PCTYPaylocity Stock Price, Forecast & News

Paylocity's stock was trading at $108.94 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PCTY shares have increased by 32.7% and is now trading at $144.54. 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) posted its quarterly earnings results on Thursday, May, 7th. The software maker reported $0.83 earnings per share (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 analyst estimates of $164.76 million. Paylocity had a net margin of 12.65% and a return on equity of 20.82%. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the firm posted $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 brokers have issued 1-year price objectives for Paylocity's shares. Their forecasts range from $93.00 to $163.00. On average, they anticipate Paylocity's share price to reach $133.21 in the next twelve months. This suggests that the stock has a possible downside of 7.8%. View analysts' price targets for Paylocity.

News coverage about PCTY stock has been trending somewhat negative on Saturday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paylocity earned a news sentiment score of -1.2 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Paylocity.

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

Some companies that are related to Paylocity include Synopsys (SNPS), Datadog (DDOG), Cadence Design Systems (CDNS), Okta (OKTA), ANSYS (ANSS), Crowdstrike (CRWD), Atlassian (TEAM), Coupa Software (COUP), Citrix Systems (CTXS), Paycom Software (PAYC), Check Point Software Technologies (CHKP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Tableau Software (DATA), SS&C Technologies (SSNC) and Tyler Technologies (TYL). 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 institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (1.00%), Envestnet Asset Management Inc. (0.06%), Gradient Investments LLC (0.03%) and Wiley BROS. Aintree Capital LLC (0.02%). 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, and Wiley BROS. Aintree Capital LLC. 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 purchased by a variety of institutional investors in the last quarter, including 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 $144.54.

Paylocity has a market capitalization of $7.76 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]