Paylocity - PCTY Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PCTY shares.
View PCTY analyst ratings or view top-rated stocks.

10 analysts have issued 12-month price targets for Paylocity's shares. Their PCTY share price forecasts range from $200.00 to $325.00. On average, they expect the company's share price to reach $272.71 in the next year. This suggests a possible upside of 53.9% from the stock's current price.
View analysts price targets for PCTY or view top-rated stocks among Wall Street analysts.

Paylocity's stock was trading at $194.26 at the start of the year. Since then, PCTY shares have decreased by 8.8% and is now trading at $177.17.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our PCTY earnings forecast.

Paylocity Holding Co. (NASDAQ:PCTY) released its quarterly earnings data on Thursday, February, 2nd. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. The software maker earned $273.01 million during the quarter, compared to analyst estimates of $259.78 million. Paylocity had a net margin of 9.58% and a trailing twelve-month return on equity of 18.52%.

ETFs with the largest weight of Paylocity (NASDAQ:PCTY) stock in their portfolio include American CenturyFocused Dynamic Growth ETF (FDG), Motley Fool Mid-Cap Growth ETF (TMFM), Invesco Focused Discovery Growth ETF (IVDG), BlackRock Future Innovators ETF (BFTR), Invesco Dynamic Software ETF (PSJ), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), AOT Growth & Innovation ETF (AOTG) and Invesco Select Growth ETF (IVSG).

Paylocity issued an update on its third quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $330.50 million-$334.50 million, compared to the consensus revenue estimate of $318.65 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 a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.37%), T. Rowe Price Investment Management Inc. (3.09%), Geode Capital Management LLC (1.22%), Riverbridge Partners LLC (1.21%), 1832 Asset Management L.P. (0.97%) and Franklin Resources Inc. (0.89%). 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.

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.

One share of PCTY stock can currently be purchased for approximately $177.17.

Paylocity (NASDAQ:PCTY) has a market capitalization of $9.88 billion and generates $852.65 million in revenue each year. The software maker earns $90.78 million in net income (profit) each year or $1.71 on an earnings per share basis.

The company employs 5,300 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.