Paylocity - PCTY Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PCTY shares.
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14 brokers have issued 12 month target prices for Paylocity's stock. Their PCTY share price forecasts range from $200.00 to $326.00. On average, they predict the company's stock price to reach $271.19 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
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Paylocity's stock was trading at $236.16 at the beginning of the year. Since then, PCTY stock has increased by 12.2% and is now trading at $264.97.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Paylocity Holding Co. (NASDAQ:PCTY) released its earnings results on Thursday, August, 4th. The software maker reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.11. The software maker earned $228.95 million during the quarter, compared to the consensus estimate of $217.96 million. Paylocity had a net margin of 10.65% and a trailing twelve-month return on equity of 17.29%. The business's quarterly revenue was up 36.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share.

Paylocity updated its first quarter 2023 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $237.30 million-$241.30 million, compared to the consensus revenue estimate of $225.62 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 many different institutional and retail investors. Top institutional shareholders include Moody National Bank Trust Division (0.01%) and First Hawaiian Bank (0.01%). 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, 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.
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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 $264.97.

Paylocity (NASDAQ:PCTY) has a market capitalization of $14.61 billion and generates $852.65 million in revenue each year. The software maker earns $90.78 million in net income (profit) each year or $1.61 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.