NASDAQ:PCTYPaylocity Stock Price, Forecast & News

Paylocity's stock was trading at $108.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PCTY stock has increased by 28.4% and is now trading at $139.91. 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 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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) issued its quarterly earnings results on Thursday, May, 7th. The software maker reported $0.83 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.13. The software maker earned $171.65 million during the quarter, compared to the consensus estimate of $164.76 million. Paylocity had a net margin of 12.65% and a return on equity of 20.82%. The firm's revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. View Paylocity's earnings history.

Paylocity issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (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 Wall Street analysts have issued 12-month price targets for Paylocity's stock. Their forecasts range from $93.00 to $163.00. On average, they expect Paylocity's stock price to reach $130.71 in the next year. This suggests that the stock has a possible downside of 6.6%. View analysts' price targets for Paylocity.

Press coverage about PCTY stock has trended very negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Paylocity earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPaylocity.

Paylocity saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,650,000 shares, an increase of 63.6% from the April 15th total of 1,620,000 shares. Based on an average daily trading volume, of 567,300 shares, the short-interest ratio is currently 4.7 days. Currently, 7.6% of the company's shares are short sold. View Paylocity's Current Options Chain.

Some companies that are related to Paylocity include Twilio (TWLO), Synopsys (SNPS), Docusign (DOCU), Cadence Design Systems (CDNS), ANSYS (ANSS), Okta (OKTA), Atlassian (TEAM), Datadog (DDOG), Crowdstrike (CRWD), Citrix Systems (CTXS), Paycom Software (PAYC), Check Point Software Technologies (CHKP), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO) 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.37%), Wasatch Advisors Inc. (4.59%), Franklin Resources Inc. (1.92%), TimesSquare Capital Management LLC (1.92%), Fred Alger Management LLC (1.57%) and Invesco Ltd. (1.34%). 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 TimesSquare Capital Management LLC, Lord Abbett & CO. LLC, GW&K Investment Management LLC, Riverbridge Partners LLC, Two Sigma Investments LP, Fred Alger Management LLC, Nuveen Asset Management LLC, and Federated Hermes Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Massachusetts Financial Services Co. MA, Wasatch Advisors Inc., Franklin Resources Inc., Diker Management LLC, Granahan Investment Management Inc. MA, Deutsche Bank AG, and Janus Henderson Group PLC. 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 $139.91.

Paylocity has a market capitalization of $7.51 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]