Paylocity (NASDAQ:PCTY – Get Free Report) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Paylocity to post 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.Individual interested in registering for the company’s earnings 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. Paylocity had a return on equity of 21.37% and a net margin of 12.96%. The business had revenue of $326.36 million for the quarter, compared to the consensus estimate of $324.34 million. On average, analysts expect Paylocity to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Paylocity Stock Performance
PCTY stock opened at $156.16 on Thursday. The stock’s 50 day simple moving average is $167.94 and its 200 day simple moving average is $165.42. Paylocity has a fifty-two week low of $139.40 and a fifty-two week high of $230.52. The company has a market cap of $8.80 billion, a P/E ratio of 52.76, a price-to-earnings-growth ratio of 3.46 and a beta of 0.87.
Insider Buying and Selling at Paylocity
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on PCTY shares. Truist Financial dropped their price target on Paylocity from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Mizuho dropped their price target on Paylocity from $170.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. KeyCorp decreased their price objective on Paylocity from $197.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Piper Sandler boosted their price objective on Paylocity from $207.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, BTIG Research assumed coverage on Paylocity in a research report on Tuesday, February 6th. They issued a “buy” rating and a $200.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.13.
Read Our Latest Stock Analysis on PCTY
About Paylocity
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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