Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Paylocity Holding Corp Market Cap
The Paylocity Holding Corp (PCTY) share price is expected to increase by 7.05% over the next year. This is based on calculating the average 12-month share price estimate provided by 16 stock analysts who have covered PCTY. Price targets range from $145 at the low end to $250 at the high end. The current analyst consensus for PCTY is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 16 Wall Street analysts have assigned PCTY 11 buy ratings, 5 hold ratings, and 0 sell ratings. This means that analysts expect Paylocity Holding Corp to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PCTY. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of PCTY.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Jason Celino Keybanc | Overweight | $182 | Maintains | Oct 2, 2024 |
| Scott Berg Needham | Buy | $200 | Reiterates | Sep 5, 2024 |
| Patrick Walravens JMP Securities | Market Outperform | $250 | Reiterates | Aug 5, 2024 |
| Raimo Lenschow Barclays | Equal-Weight | $156 | Maintains | Aug 5, 2024 |
| Scott Berg Needham | Buy | $200 | Reiterates | Aug 2, 2024 |
| Matt VanVliet BTIG | Buy | $185 | Maintains | Aug 2, 2024 |
| Arvind Ramnani Piper Sandler | Overweight | $172 | Maintains | Aug 2, 2024 |
| Terry Tillman Truist Securities | Buy | $195 | Maintains | Jul 31, 2024 |
| Jason Celino Keybanc | Overweight | $171 | Maintains | Jul 19, 2024 |
| Raimo Lenschow Barclays | Equal-Weight | $160 | Maintains | Jul 16, 2024 |
| Samad Samana Jefferies | Hold | $145 | Maintains | Jun 24, 2024 |
| Jared Levine TD Cowen | Buy | $153 | Maintains | Jun 20, 2024 |
| Steven Enders Citigroup | Neutral | $155 | Maintains | Jun 18, 2024 |
| Mark Marcon Baird | Outperform | $195 | Maintains | Jun 18, 2024 |
| Brad Reback Stifel | Buy | $185 | Maintains | Jun 5, 2024 |
| Steven Enders Citigroup | Neutral | $178 | Maintains | May 22, 2024 |
| Arvind Ramnani Piper Sandler | Overweight | $194 | Maintains | May 3, 2024 |
| Jared Levine TD Cowen | Buy | $180 | Maintains | May 3, 2024 |
| Scott Berg Needham | Buy | $200 | Reiterates | May 3, 2024 |
| Jason Celino Keybanc | Overweight | $200 | Maintains | May 3, 2024 |
When did it IPO
2014
Staff Count
6,400
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Mr. Toby J. Williams J.D.
Market Cap
$9.46B
In 2023, PCTY generated $1.17B in revenue, which was a increase of 37.76% from the previous year. This can be seen as a signal that PCTY's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - A new solution integrates HR, Finance, and Talent Acquisition to enhance workforce planning efficiency. This development may impact companies' operational strategies and investments.
Why It Matters - The integration of HR, Finance, and Talent Acquisition enhances operational efficiency, potentially boosting productivity and profitability, positively impacting company valuations and investor confidence.
Wed, 04 Sep 2024
Sentiment - POSITIVE
Source - PYMNTS
Summary - Paylocity announced plans to acquire Airbase to integrate its finance and spend management software into Paylocity's HR and payroll platform, enhancing its service offerings.
Why It Matters - Paylocity's acquisition of Airbase enhances its service offerings, potentially increasing market share and revenue through integrated finance and HR solutions, appealing to investors seeking growth.
Wed, 04 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Paylocity's recent acquisition will expand its total addressable market to include the Office of the CFO, enhancing clients' ability to manage all business-related spending on a unified platform.
Why It Matters - Paylocity's acquisition broadens its market reach and enhances its service offerings, potentially driving revenue growth and increasing competitive advantage in financial management solutions.
Wed, 07 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - A company has launched a new product as part of multiple innovations introduced in the past year, indicating ongoing development and potential growth opportunities.
Why It Matters - The introduction of new products and innovations can drive revenue growth, enhance market competitiveness, and improve investor confidence in the company's future performance.
Fri, 02 Aug 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Paylocity (PCTY) reported improved fourth-quarter fiscal 2024 earnings and revenues, attributed to effective cost control and enhanced sales execution.
Why It Matters - Paylocity's improved earnings and revenues indicate effective management and growth potential, signaling a strong operational foundation that can enhance investor confidence and stock performance.
Thu, 01 Aug 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Paylocity will hold its Q4 2024 earnings conference call on August 1, 2024, featuring key executives and analysts from various financial firms.
Why It Matters - Paylocity's Q4 earnings call is a key indicator of its financial health and operational performance, impacting stock valuation and investor sentiment in the HR tech sector.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
