Paylocity (NASDAQ:PCTY) Announces Quarterly Earnings Results, Misses Estimates By $0.60 EPS

Paylocity (NASDAQ:PCTY) issued its quarterly earnings data on Thursday. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.60), Zacks reports. Paylocity had a return on equity of 22.92% and a net margin of 15.32%. Paylocity updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Paylocity Trading Up 1.4 %

PCTY stock traded up $2.89 during trading on Thursday, reaching $212.01. 510,851 shares of the stock traded hands, compared to its average volume of 510,742. The business’s 50 day moving average price is $201.28 and its 200-day moving average price is $180.54. Paylocity has a 52-week low of $129.94 and a 52-week high of $215.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $11.82 billion, a PE ratio of 54.22, a P/E/G ratio of 5.03 and a beta of 0.95.

Wall Street Analysts Forecast Growth

PCTY has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of Paylocity in a report on Wednesday, January 15th. Piper Sandler boosted their price target on Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. StockNews.com raised Paylocity from a “hold” rating to a “buy” rating in a report on Saturday, December 7th. BMO Capital Markets boosted their price target on Paylocity from $175.00 to $203.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, KeyCorp boosted their price target on Paylocity from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Paylocity presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.86.

Insider Buying and Selling at Paylocity

In other news, Director Steven I. Sarowitz sold 12,226 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $196.29, for a total value of $2,399,841.54. Following the completion of the sale, the director now owns 9,300,847 shares of the company’s stock, valued at $1,825,663,257.63. This represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ryan Glenn sold 2,600 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $205.40, for a total value of $534,040.00. Following the completion of the sale, the chief financial officer now directly owns 48,150 shares of the company’s stock, valued at $9,890,010. The trade was a 5.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,380 shares of company stock valued at $25,830,669. Company insiders own 21.91% of the company’s stock.

About Paylocity

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.