Ratings for Paylocity Holding PCTY were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 4 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 3 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
Analysts have set 12-month price targets for Paylocity Holding, revealing an average target of $179.77, a high estimate of $250.00, and a low estimate of $145.00. A decline of 8.17% from the prior average price target is evident in the current average.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Paylocity Holding among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Berg | Needham | Maintains | Buy | $200.00 | $200.00 |
| Raimo Lenschow | Barclays | Lowers | Equal-Weight | $156.00 | $160.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $250.00 | $250.00 |
| Matt VanVliet | BTIG | Lowers | Buy | $185.00 | $200.00 |
| Arvind Ramnani | Piper Sandler | Lowers | Overweight | $172.00 | $194.00 |
| Scott Berg | Needham | Maintains | Buy | $200.00 | $200.00 |
| Terry Tillman | Truist Securities | Lowers | Buy | $195.00 | $200.00 |
| Jason Celino | Keybanc | Lowers | Overweight | $171.00 | $200.00 |
| Raimo Lenschow | Barclays | Lowers | Equal-Weight | $160.00 | $178.00 |
| Samad Samana | Jefferies | Lowers | Hold | $145.00 | $180.00 |
| Jared Levine | TD Cowen | Lowers | Buy | $153.00 | $180.00 |
| Steven Enders | Citigroup | Lowers | Neutral | $155.00 | $178.00 |
| Mark Marcon | Baird | Lowers | Outperform | $195.00 | $225.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Paylocity Holding. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Paylocity Holding compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Paylocity Holding's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Paylocity Holding's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Paylocity Holding analyst ratings.
Unveiling the Story Behind Paylocity Holding
Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 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 workplace collaboration and communication tools.
Paylocity Holding: Delving into Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Paylocity Holding's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 15.83%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Paylocity Holding's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.66% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Paylocity Holding's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.58% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Paylocity Holding's ROA excels beyond industry benchmarks, reaching 1.06%. This signifies efficient management of assets and strong financial health.
Debt Management: Paylocity Holding's debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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