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US to hold trade talks with Taiwan, island drills military
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Sell every Stock except ONE (Ad)
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S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Sell every Stock except ONE (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Sell every Stock except ONE (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Sell every Stock except ONE (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Sell every Stock except ONE (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
NASDAQ:PCTY

Paylocity - PCTY Stock Forecast, Price & News

$266.48
-2.70 (-1.00%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$264.09
$270.09
50-Day Range
$154.30
$272.24
52-Week Range
$152.01
$314.49
Volume
199,184 shs
Average Volume
368,841 shs
Market Capitalization
$14.69 billion
P/E Ratio
165.52
Dividend Yield
N/A
Price Target
$267.19

Paylocity MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
0.3% Upside
$267.19 Price Target
Short Interest
Bearish
4.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
0.54mentions of Paylocity in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$17.13 M Sold Last Quarter
Proj. Earnings Growth
33.50%
From $1.97 to $2.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Computer And Technology Sector

158th out of 660 stocks

Prepackaged Software Industry

45th out of 230 stocks

PCTY stock logo

About Paylocity (NASDAQ:PCTY) Stock

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll and Tax Services solution to simplify payroll, automate processes and manage compliance requirements within one system; expense management, on demand payment, and garnishment solutions; human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution, which tracks time and attendance data, eliminating the need for manual tracking of accruals and reducing administrative tasks; schedule tracking services; and time collection devices, including kiosks, time clocks, and mobile and web applications. In addition, the company offers talent management solutions comprising recruiting and onboarding, as well as learning, performance, and compensation management; employee benefits management and third-party administrative solutions; modern workforce solutions consisting of community, premium video, survey, and peer recognition; and analytics and insights solutions covering modern workforce index, data insights, and reporting. Further, it provides implementation and training, client, and tax and regulatory services. The company's clients include for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. DA Davidson increased their price objective on Paylocity to $270.00 in a research note on Tuesday, August 9th. Robert W. Baird increased their price objective on Paylocity from $274.00 to $305.00 and gave the company an "outperform" rating in a research note on Friday, August 5th. KeyCorp increased their price objective on Paylocity from $285.00 to $310.00 and gave the company an "overweight" rating in a research note on Monday. Piper Sandler increased their price objective on Paylocity from $195.00 to $269.00 and gave the company an "overweight" rating in a research note on Friday, August 5th. Finally, Raymond James increased their price objective on Paylocity from $245.00 to $265.00 in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Paylocity presently has an average rating of "Moderate Buy" and an average price target of $267.19.

Paylocity Trading Down 1.0 %

NASDAQ:PCTY traded down $2.70 during mid-day trading on Thursday, reaching $266.48. 199,184 shares of the company's stock traded hands, compared to its average volume of 293,614. Paylocity has a 1-year low of $152.01 and a 1-year high of $314.49. The company has a fifty day simple moving average of $198.66 and a 200-day simple moving average of $195.64. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 165.52 and a beta of 1.27.

Paylocity (NASDAQ:PCTY - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The software maker reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.28. Paylocity had a return on equity of 17.29% and a net margin of 10.65%. The firm had revenue of $228.95 million during the quarter, compared to analyst estimates of $217.96 million. During the same quarter last year, the firm earned $0.24 EPS. Paylocity's quarterly revenue was up 36.7% on a year-over-year basis. Equities research analysts forecast that Paylocity will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Paylocity

In other news, COO Michael R. Haske sold 33,355 shares of Paylocity stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $200.00, for a total value of $6,671,000.00. Following the completion of the transaction, the chief operating officer now owns 775,885 shares in the company, valued at approximately $155,177,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Michael R. Haske sold 33,355 shares of the business's stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $200.00, for a total transaction of $6,671,000.00. Following the completion of the transaction, the chief operating officer now owns 775,885 shares in the company, valued at approximately $155,177,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ryan Glenn sold 1,500 shares of the business's stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $200.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now owns 16,910 shares of the company's stock, valued at approximately $3,382,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,350 shares of company stock worth $17,126,916. 28.80% of the stock is currently owned by corporate insiders.

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PCTY Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Best Momentum Stocks to Buy for August 11th
Paylocity (NASDAQ:PCTY) Price Target Raised to $290.00
Paylocity (NASDAQ:PCTY) PT Raised to $265.00
Paylocity (NASDAQ:PCTY) Price Target Raised to $265.00
Paylocity (NASDAQ:PCTY) PT Raised to $305.00
Cowen Raises Paylocity (NASDAQ:PCTY) Price Target to $265.00
Paylocity (NASDAQ:PCTY) PT Raised to $285.00 at KeyCorp
See More Headlines
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PCTY Company Calendar

Last Earnings
8/04/2022
Today
8/18/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:PCTY
Fax
N/A
Employees
5,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$267.19
High Stock Price Forecast
$326.00
Low Stock Price Forecast
$200.00
Forecasted Upside/Downside
+0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$90.78 million
Pretax Margin
9.80%

Debt

Sales & Book Value

Annual Sales
$852.65 million
Cash Flow
$2.71 per share
Book Value
$11.13 per share

Miscellaneous

Free Float
39,249,000
Market Cap
$14.69 billion
Optionable
Optionable
Beta
1.27

Key Executives

  • Mr. Steven R. BeauchampMr. Steven R. Beauchamp (Age 50)
    Co-CEO & Director
    Comp: $1.43M
  • Mr. Toby J. Williams J.D.Mr. Toby J. Williams J.D. (Age 49)
    Pres, Co-CEO & Director
    Comp: $879.88k
  • Mr. Michael R. HaskeMr. Michael R. Haske (Age 50)
    Chief Operating Officer
    Comp: $996.91k
  • Mr. Mark S. KinseyMr. Mark S. Kinsey (Age 52)
    Sr. VP of Operations
    Comp: $635.08k
  • Mr. Ryan GlennMr. Ryan Glenn
    Chief Financial Officer
  • Mr. Nicholas RostMr. Nicholas Rost (Age 42)
    VP & Chief Accounting Officer
  • Mr. Rachit Lohani (Age 34)
    Chief Technology Officer
  • Mr. Andrew J. CappotelliMr. Andrew J. Cappotelli (Age 50)
    Chief Compliance & Risk Officer and VP of Client Tax Operations
  • Ms. Amber Livingston
    VP & Gen. Counsel
  • Ms. Alison Challman
    Chief Marketing Officer













PCTY Stock - Frequently Asked Questions

Should I buy or sell Paylocity stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 2 hold ratings and 12 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.

What is Paylocity's stock price forecast for 2022?

14 equities research analysts have issued 1 year target prices for Paylocity's shares. Their PCTY share price forecasts range from $200.00 to $326.00. On average, they anticipate the company's stock price to reach $267.19 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
View analysts price targets for PCTY
or view top-rated stocks among Wall Street analysts.

How have PCTY shares performed in 2022?

Paylocity's stock was trading at $236.16 at the beginning of the year. Since then, PCTY stock has increased by 12.8% and is now trading at $266.48.
View the best growth stocks for 2022 here
.

When is Paylocity's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PCTY earnings forecast
.

How were Paylocity's earnings last quarter?

Paylocity Holding Co. (NASDAQ:PCTY) announced its quarterly earnings results on Thursday, August, 4th. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.28. 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 company's revenue for the quarter 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.

What guidance has Paylocity issued on next quarter's earnings?

Paylocity issued an update on its first quarter 2023 earnings guidance on Thursday, August, 18th. The company provided EPS 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.

What is Steve Beauchamp's approval rating as Paylocity's CEO?

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.

What other stocks do shareholders of Paylocity own?

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).

What is Paylocity's stock symbol?

Paylocity trades on the NASDAQ under the ticker symbol "PCTY."

Who are Paylocity's major shareholders?

Paylocity's stock is owned by many different retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (17.74%), Massachusetts Financial Services Co. MA (2.15%), State Street Corp (1.89%), Riverbridge Partners LLC (1.45%), Echo Street Capital Management LLC (0.96%) and TimesSquare Capital Management LLC (0.72%). 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, 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
.

How do I buy shares of Paylocity?

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.

What is Paylocity's stock price today?

One share of PCTY stock can currently be purchased for approximately $266.48.

How much money does Paylocity make?

Paylocity (NASDAQ:PCTY) has a market capitalization of $14.69 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.

How many employees does Paylocity have?

The company employs 5,300 workers across the globe.

How can I contact Paylocity?

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.

This page (NASDAQ:PCTY) was last updated on 8/19/2022 by MarketBeat.com Staff

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