Paylocity (PCTY) Stock Price, News & Analysis

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PCTY shares.
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15 Wall Street analysts have issued twelve-month price objectives for Paylocity's shares. Their PCTY share price targets range from $155.00 to $280.00. On average, they predict the company's stock price to reach $205.13 in the next year. This suggests a possible upside of 30.2% from the stock's current price.
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Paylocity's stock was trading at $164.85 at the beginning of 2024. Since then, PCTY shares have decreased by 4.5% and is now trading at $157.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Paylocity Holding Co. (NASDAQ:PCTY) announced its quarterly earnings results on Thursday, February, 8th. The software maker reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The software maker had revenue of $326.36 million for the quarter, compared to analyst estimates of $324.34 million. Paylocity had a net margin of 12.96% and a trailing twelve-month return on equity of 21.37%.

ETFs with the largest weight of Paylocity (NASDAQ:PCTY) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG), American CenturyFocused Dynamic Growth ETF (FDG), Invesco Focused Discovery Growth ETF (IVDG), AOT Growth & Innovation ETF (AOTG), Invesco Select Growth ETF (IVSG), Nuveen ESG Mid-Cap Growth ETF (NUMG), WisdomTree Cloud Computing Fund (WCLD) and BlackRock Future Innovators ETF (BFTR).

Paylocity updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.15%), Moody National Bank Trust Division (0.02%), Park Avenue Securities LLC (0.01%), Gulf International Bank UK Ltd (0.01%), Washington Capital Management Inc. (0.01%) and First Hawaiian Bank (0.00%). Insiders that own company stock include Andrew Cappotelli, Bernard Robinson Kenneth, Douglas Bruggeman, Edward W Gaty, Jeffrey T Diehl, Joshua Scutt, Katherine Ross, Mark S Kinsey, Michael R Haske, Nicholas Rost, Rachit Lohani, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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