Paylocity (NASDAQ:PCTY – Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.94 per share for the quarter. Paylocity has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Paylocity (NASDAQ:PCTY – Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $326.36 million for the quarter, compared to analysts’ expectations of $324.34 million. Paylocity had a return on equity of 21.37% and a net margin of 12.96%. On average, analysts expect Paylocity to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Paylocity Stock Down 1.7 %
NASDAQ:PCTY opened at $156.16 on Thursday. The business’s 50-day simple moving average is $167.94 and its two-hundred day simple moving average is $165.42. The stock has a market cap of $8.80 billion, a PE ratio of 52.76, a P/E/G ratio of 3.46 and a beta of 0.87. Paylocity has a 52 week low of $139.40 and a 52 week high of $230.52.
Insider Buying and Selling
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Mizuho reduced their target price on Paylocity from $170.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Paylocity in a report on Friday, February 9th. Truist Financial reduced their target price on Paylocity from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $180.00 target price (down from $240.00) on shares of Paylocity in a report on Friday, January 5th. Finally, BTIG Research assumed coverage on Paylocity in a report on Tuesday, February 6th. They issued a “buy” rating and a $200.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.13.
Get Our Latest Report on Paylocity
Paylocity Company Profile
Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions.
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