Paylocity (PCTY) Set to Announce Quarterly Earnings on Wednesday

Paylocity (NASDAQ:PCTY) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect Paylocity to post earnings of $1.39 per share for the quarter. Paylocity has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.19. Paylocity had a return on equity of 22.17% and a net margin of 14.74%. The company had revenue of $357.30 million for the quarter, compared to analysts’ expectations of $350.29 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, analysts expect Paylocity to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Paylocity Price Performance

Shares of PCTY stock opened at $173.74 on Monday. The business has a 50 day simple moving average of $162.93 and a 200 day simple moving average of $154.54. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 4.23 and a beta of 0.95. Paylocity has a 12-month low of $129.94 and a 12-month high of $184.77.

Analyst Ratings Changes

A number of research analysts have recently commented on PCTY shares. Piper Sandler lowered their price target on Paylocity from $194.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Barclays upped their price target on shares of Paylocity from $156.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Mizuho boosted their target price on Paylocity from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Truist Financial lowered their price target on Paylocity from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Paylocity in a report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.71.

Insider Activity

In other Paylocity news, SVP Rachit Lohani sold 658 shares of Paylocity stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $162.83, for a total transaction of $107,142.14. Following the transaction, the senior vice president now directly owns 39,764 shares in the company, valued at approximately $6,474,772.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.50% of the stock is owned by company insiders.

Paylocity Company Profile

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.