Paylocity (PCTY) Stock Price, News & Analysis

Company Overview

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection. It also provides human resources (HR) software solutions for employee self-service, compliance, HR edge, data analytics, and workflows and documents, as well as human resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, the company offers employee experience platform for community, employee voice, recognition and rewards, video, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides implementation and training, client, and tax and regulatory services. The company serves 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.

Key Stats

• Today's Range: $201.58 to $205.91
• 50-Day Range: $157.03 to $213.79
• 52-Week Range: $129.94 to $215.68
• Volume: 395,829 shs
• Average Volume: 522,111 shs
• Market Capitalization: $11.44 billion
• P/E Ratio: 52.50
• Dividend Yield: N/A
• Price Target: $196.64
• Consensus Rating: Moderate Buy

Paylocity Stock Analysis - MarketRank™

Paylocity scored higher than 96% of companies evaluated by MarketBeat, and ranked 55th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Paylocity has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Paylocity has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.33%

Earnings Growth

Earnings for Paylocity are expected to grow by 13.33% in the coming year, from $4.35 to $4.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Paylocity is 52.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Paylocity is 52.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 206.50.

Price to Earnings Growth Ratio

Paylocity has a PEG Ratio of 5.06. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Paylocity has a P/B Ratio of 10.35. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.58% of the float of Paylocity has been sold short.

Short Interest Ratio / Days to Cover

Paylocity has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Paylocity has recently decreased by 22.22%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Paylocity does not currently pay a dividend.

Dividend Growth

Paylocity does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.8 / 5
• Environmental Score: -0.45

Percentage of Shares Shorted

2.58% of the float of Paylocity has been sold short.

Short Interest Ratio / Days to Cover

Paylocity has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Paylocity has recently decreased by 22.22%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.52

News Sentiment

Paylocity has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Paylocity this week, compared to 7 articles on an average week.

Search Interest

4 people have searched for PCTY on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Paylocity to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Paylocity insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,750,096.00 in company stock.

Percentage Held by Insiders

21.91% of the stock of Paylocity is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

94.76% of the stock of Paylocity is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PCTY Stock Analysis - Frequently Asked Questions

How have PCTY shares performed this year?

Paylocity's stock was trading at $164.85 on January 1st, 2024. Since then, PCTY shares have increased by 24.5% and is now trading at $205.28.
View the best growth stocks for 2024 here.

How were Paylocity's earnings last quarter?

Paylocity Holding Co. (NASDAQ:PCTY) announced its quarterly earnings data on Thursday, August, 1st. The software maker reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.19. The business's revenue was up 15.8% on a year-over-year basis.

Who are Paylocity's major shareholders?

Paylocity's top institutional investors include Wasatch Advisors LP (4.49%), State Street Corp (2.28%), Geode Capital Management LLC (1.88%) and Janus Henderson Group PLC (0.93%). Insiders that own company stock include Steven I Sarowitz, Steven R Beauchamp, Michael R Haske, Toby J Williams, Ryan Glenn, Rachit Lohani, Mark S Kinsey, Joshua Scutt, Katherine Ross, Andrew Cappotelli, Ronald V Waters, Nicholas Rost, Bernard Robinson Kenneth and Jeffrey T Diehl.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Paylocity own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Paylocity investors own include NVIDIA (NVDA), Humana (HUM), Meta Platforms (META), Broadcom (AVGO), American Water Works (AWK), Adobe (ADBE) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 11/23/2024
• Next Earnings (Estimated): 2/13/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:PCTY
• CUSIP: N/A
• CIK: 1591698
• Web: www.paylocity.com
• Phone: (847) 463-3200
• Fax: N/A
• Employees: 6,400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $196.64
• High Stock Price Target: $250.00
• Low Stock Price Target: $153.00
• Potential Upside/Downside: -4.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.79
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.91
• Trailing P/E Ratio: 52.50
• Forward P/E Ratio: 47.19
• P/E Growth: 5.06
• Net Income: $206.77 million
• Net Margins: 15.32%
• Pretax Margin: 20.82%
• Return on Equity: 22.92%
• Return on Assets: 5.47%

Debt

• Debt-to-Equity Ratio: 0.29
• Current Ratio: 1.32
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $1.40 billion
• Price / Sales: 8.16
• Cash Flow: $5.38 per share
• Price / Cash Flow: 38.18
• Book Value: $19.84 per share
• Price / Book: 10.35

Miscellaneous

• Outstanding Shares: 55,750,000
• Free Float: 43,533,000
• Market Cap: $11.44 billion
• Optionable: Optionable
• Beta: 0.93