PaylocityPCTY
PCTY
About: Paylocity is a provider of payroll and human capital management solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10-5,000 employees and services about 39,000 clients as of fiscal 2024. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software as well as workplace collaboration and communication tools.
Employees: 6,400
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 4 (+2) [Q3]
20% more capital invested
Capital invested by funds: $5.78B [Q2] → $6.93B (+$1.15B) [Q3]
2.9% less ownership
Funds ownership: 77.67% [Q2] → 74.77% (-2.9%) [Q3]
6% less funds holding
Funds holding: 448 [Q2] → 422 (-26) [Q3]
10% less call options, than puts
Call options by funds: $11.3M | Put options by funds: $12.6M
26% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 100
31% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 175
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$180
9%
downside
Avg. target
$212
8%
upside
High target
$240
22%
upside
9 analyst ratings
7 positive
78%
2 neutral
22%
0 negative
0%
Mizuho Siti Panigrahi 62% 1-year accuracy 13 / 21 met price target | 2%upside $200 | Neutral Maintained | 13 Dec 2024 |
Jefferies Samad Samana 79% 1-year accuracy 11 / 14 met price target | 22%upside $240 | Buy Maintained | 9 Dec 2024 |
TD Cowen Jared Levine 50% 1-year accuracy 4 / 8 met price target | 19%upside $235 | Buy Maintained | 9 Dec 2024 |
Needham Scott Berg 62% 1-year accuracy 93 / 149 met price target | 12%upside $220 | Buy Reiterated | 4 Nov 2024 |
Truist Securities Terry Tillman 68% 1-year accuracy 32 / 47 met price target | 7%upside $210 | Buy Maintained | 1 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
3 weeks ago
Why Is Paylocity (PCTY) Up 13.7% Since Last Earnings Report?
Paylocity (PCTY) reported earnings 30 days ago. What's next for the stock?
Negative
Zacks Investment Research
3 weeks ago
Paylocity Rises 28% YTD: How Should Investors Play the Stock?
Though PCTY's long-term prospects seem promising, ongoing macroeconomic uncertainties and the stock's lofty valuation warrant caution.
Positive
Zacks Investment Research
1 month ago
Paylocity Shares Rise on Q1 Earnings Beat & Strong FY25 View
PCTY's first-quarter fiscal 2025 results reflect improved earnings and revenues, owing to its sustained focus on scaling operational costs and innovation.
Neutral
Seeking Alpha
1 month ago
Paylocity Holding Corporation (PCTY) Q1 2025 Earnings Call Transcript
Paylocity Holding Corporation (NASDAQ:PCTY ) Q1 2025 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Ryan Glenn - Chief Financial Officer Steve Beauchamp - Executive Chairman Toby Williams - President and Chief Executive Officer Conference Call Participants Scott Berg - Needham & Company Samad Samana - Jefferies Mark Marcon - Robert W. Baird Daniel Jester - BMO Capital Markets Jared Levine - TD Cowen Brian Peterson - Raymond James Terry Tillman - Truist Securities Sheldon McMeans - Barclays Jake Roberge - William Blair George Kurosawa - Citi Arvind Ramnani - Piper Sandler Jason Celino - KeyBanc Capital Markets Operator Good day, and thank you for standing by.
Positive
Zacks Investment Research
1 month ago
Paylocity (PCTY) Q1 Earnings and Revenues Top Estimates
Paylocity (PCTY) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.40 per share a year ago.
Positive
Zacks Investment Research
1 month ago
Will Paylocity (PCTY) Beat Estimates Again in Its Next Earnings Report?
Paylocity (PCTY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Zacks Investment Research
1 month ago
Paylocity (PCTY) Expected to Beat Earnings Estimates: Should You Buy?
Paylocity (PCTY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Zacks Investment Research
2 months ago
Paylocity Plunges 17% in a Year: Will AI Push Drive the Stock Higher?
As PCTY continues to integrate AI into its offerings, investors will be watching closely to see if these advancements translate into improved market share.
Neutral
GlobeNewsWire
2 months ago
Paylocity announces Q1 FY25 earnings conference call
SCHAUMBURG, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR, payroll, and spend management software solutions, today announced that it has scheduled a conference call to review its first quarter fiscal 2025 results for Wednesday, October 30th at 4:30 pm Central Time (5:30 pm Eastern Time).
Neutral
GlobeNewsWire
2 months ago
Paylocity Skates onto the Ice as a Proud Partner of the Dallas Stars
Multi-Year Sponsorship Bolsters Paylocity's Connection to the Stars Community of Fans Multi-Year Sponsorship Bolsters Paylocity's Connection to the Stars Community of Fans
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