Paylocity - PCTY Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last twelve months. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PCTY shares.
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14 brokerages have issued 12-month target prices for Paylocity's shares. Their PCTY share price forecasts range from $200.00 to $326.00. On average, they predict the company's share price to reach $271.19 in the next year. This suggests a possible upside of 12.3% 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 shares have increased by 2.3% and is now trading at $241.58.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PCTY earnings forecast.

Paylocity Holding Co. (NASDAQ:PCTY) posted its quarterly earnings results on Thursday, August, 4th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The software maker earned $228.95 million during the quarter, compared to analyst estimates of $217.96 million. Paylocity had a net margin of 10.65% and a trailing twelve-month return on equity of 17.29%. The firm's quarterly revenue was up 36.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS.

Paylocity issued an update on 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."

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 $241.58.

Paylocity (NASDAQ:PCTY) has a market capitalization of $13.32 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.