In the last three months, 15 analysts have published ratings on Paylocity Holding PCTY, offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 6 | 7 | 2 | 0 | 0 |
Last 30D | 0 | 1 | 0 | 0 | 0 |
1M Ago | 0 | 0 | 0 | 0 | 0 |
2M Ago | 3 | 4 | 2 | 0 | 0 |
3M Ago | 3 | 2 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $243.27, a high estimate of $270.00, and a low estimate of $220.00. Surpassing the previous average price target of $223.40, the current average has increased by 8.89%.
Investigating Analyst Ratings: An Elaborate Study
A comprehensive examination of how financial experts perceive Paylocity Holding is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Patrick Walravens | Citizens Capital Markets | Maintains | Market Outperform | $270.00 | $270.00 |
Raimo Lenschow | Barclays | Raises | Equal-Weight | $231.00 | $214.00 |
Samad Samana | Jefferies | Raises | Buy | $255.00 | $240.00 |
Patrick Walravens | JMP Securities | Raises | Market Outperform | $270.00 | $250.00 |
Brian Peterson | Raymond James | Raises | Outperform | $265.00 | $215.00 |
Brad Reback | Stifel | Raises | Buy | $250.00 | $220.00 |
Kevin Mcveigh | UBS | Raises | Neutral | $220.00 | $211.00 |
Jason Celino | Keybanc | Raises | Overweight | $250.00 | $220.00 |
Scott Berg | Needham | Raises | Buy | $250.00 | $220.00 |
Arvind Ramnani | Piper Sandler | Raises | Overweight | $254.00 | $212.00 |
Jason Celino | Keybanc | Raises | Overweight | $220.00 | $210.00 |
Siti Panigrahi | Mizuho | Raises | Outperform | $235.00 | $200.00 |
Steven Enders | Citigroup | Raises | Buy | $231.00 | $214.00 |
Scott Berg | Needham | Maintains | Buy | $220.00 | $220.00 |
Jared Levine | TD Cowen | Lowers | Buy | $228.00 | $235.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Paylocity Holding. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Paylocity Holding compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Paylocity Holding's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Paylocity Holding's market position. Stay informed and make data-driven 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 solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10-5,000 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 as workplace collaboration and communication tools.
Paylocity Holding: Delving into Financials
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Paylocity Holding's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 15.51% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Paylocity Holding's net margin excels beyond industry benchmarks, reaching 9.94%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Paylocity Holding's ROE stands out, surpassing industry averages. With an impressive ROE of 3.29%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Paylocity Holding's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.8%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.33.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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