Paylocity - PCTY Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PCTY shares.
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10 brokerages have issued 1-year 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 stock price to reach $272.36 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
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Paylocity's stock was trading at $194.26 at the beginning of 2023. Since then, PCTY shares have increased by 2.3% and is now trading at $198.78.
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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) announced its earnings results on Thursday, February, 2nd. The software maker reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.10. The software maker had revenue of $273.01 million for the quarter, compared to the consensus estimate of $259.78 million. Paylocity had a trailing twelve-month return on equity of 18.52% and a net margin of 9.58%.

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), Invesco Dynamic Software ETF (PSJ), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), BlackRock Future Innovators ETF (BFTR), AOT Growth & Innovation ETF (AOTG) and Invesco Select Growth ETF (IVSG).

Paylocity updated its third quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) 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."

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.
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One share of PCTY stock can currently be purchased for approximately $198.78.

Paylocity (NASDAQ:PCTY) has a market capitalization of $11.09 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.