NASDAQ:PCTY

Paylocity - PCTY Price Target & Analyst Ratings

$198.78

+2.44 (+1.24%)

(As of 03/31/2023 12:00 AM ET)

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Today's Range: $195.99
▼
$200.45
50-Day Range: $174.54
▼
$232.89
52-Week Range: $152.01
▼
$276.88

Volume: 445,414 shs
Average Volume: 549,543 shs
Market Capitalization: $11.09 billion

P/E Ratio: 116.25
Dividend Yield: N/A
Price Target: $272.36

Institutional Ownership

Paylocity Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 10 Analyst Ratings

Consensus Analyst Price Target

$272.36
37.01% Upside

High Prediction	$325.00
Average Prediction	$272.36
Low Prediction	$200.00

Type	Current 4/2/22 to 4/2/23	1 Month Ago 3/3/22 to 3/3/23	3 Months Ago 1/2/22 to 1/2/23	1 Year Ago 4/2/21 to 4/2/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	11 Buy rating(s)
Hold	2 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$272.36	$272.71	$259.00	$259.93
Predicted Upside	37.01% Upside	18.71% Upside	14.78% Upside	11.64% Upside

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PCTY Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PCTY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Paylocity Stock vs. The Competition

Type	Paylocity	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.80	2.55	2.47
Consensus Rating	Moderate Buy	Buy	Hold
Predicted Upside	37.01% Upside	234.54% Upside	97.21% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/30/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Simmons Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$245.00	+27.87%
2/13/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$325.00	+49.40%
2/3/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform	$320.00	+41.57%
2/3/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$231.00 ➝ $265.00	+17.24%
2/3/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$305.00 ➝ $311.00	+37.59%
2/3/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$276.00 ➝ $297.00	+31.39%

2/3/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$295.00 ➝ $305.00	+34.93%
10/21/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$294.00 ➝ $255.00	+17.57%
8/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kevin Mcveigh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$240.00	-8.59%
8/8/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$220.00 ➝ $290.00	+8.25%
8/5/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$240.00 ➝ $265.00	+3.82%
8/5/2022	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$185.00 ➝ $230.00	+1.56%
8/5/2022	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$245.00 ➝ $265.00	+17.02%
5/23/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$255.00 ➝ $200.00	+23.68%
2/4/2022	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$320.00 ➝ $260.00	+28.27%
2/1/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$230.00	+12.76%
8/6/2021	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
12/22/2020	Smith Barney Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$209.00 ➝ $210.00	-0.70%
11/6/2020	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$156.00 ➝ $180.00	-5.77%
10/1/2020	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brad Reback Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$195.00	+20.03%
6/18/2020	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	$120.00 ➝ $155.00	+15.34%
5/8/2020	SunTrust Banks Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$115.00 ➝ $133.00	+9.49%
5/8/2020	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$165.00 ➝ $146.00	+20.19%
5/8/2020	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian Schwartz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold

(Data available from 4/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

PCTY Price Target - Frequently Asked Questions

What is Paylocity's consensus rating and price target?: According to the issued ratings of 10 analysts in the last year, the consensus rating for Paylocity stock is Moderate Buy based on the current 2 hold ratings and 8 buy ratings for PCTY. The average twelve-month price prediction for Paylocity is $272.36 with a high price target of $325.00 and a low price target of $200.00. Learn more on PCTY's analyst rating history.
Do Wall Street analysts like Paylocity more than its competitors?: Analysts like Paylocity more than other Computer and Technology companies. The consensus rating for Paylocity is Moderate Buy while the average consensus rating for computer and technology companies is Buy. Learn more on how PCTY compares to other companies.
Is Paylocity being upgraded by Wall Street analysts?: Over the previous 90 days, Paylocity's stock had 1 upgrade by analysts.

Does Paylocity's stock price have much upside?: According to analysts, Paylocity's stock has a predicted upside of 19.75% based on their 12-month price targets.
What analysts cover Paylocity?: Paylocity has been rated by Cowen, DA Davidson, JMP Securities, KeyCorp, Needham & Company LLC, Piper Sandler, and Robert W. Baird in the past 90 days.

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This page (NASDAQ:PCTY) was last updated on 4/2/2023 by MarketBeat.com Staff

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