Paylocity (NASDAQ:PCTY – Get Free Report) is scheduled to release its 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.Investors that are interested in participating in the company’s conference call can do so using this link.
Paylocity (NASDAQ:PCTY – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $326.36 million during the quarter, compared to analyst estimates 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 Performance
Shares of NASDAQ:PCTY opened at $157.70 on Tuesday. The company’s fifty day moving average is $166.77 and its 200-day moving average is $164.22. Paylocity has a 52 week low of $139.40 and a 52 week high of $230.52. The company has a market capitalization of $8.88 billion, a PE ratio of 53.28, a P/E/G ratio of 3.40 and a beta of 0.87.
Insider Buying and Selling at Paylocity
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on PCTY shares. Truist Financial reduced their price target on shares of Paylocity from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. JMP Securities reaffirmed a “market outperform” rating and set a $250.00 price target on shares of Paylocity in a report on Monday, January 22nd. KeyCorp reduced their price objective on Paylocity from $197.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Mizuho lowered their target price on Paylocity from $170.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, Piper Sandler upped their price target on shares of Paylocity from $207.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.13.
Check Out Our Latest Research Report on Paylocity
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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