Across the recent three months, 11 analysts have shared their insights on Paylocity Holding PCTY, expressing a variety of opinions spanning 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 | 1 | 5 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 4 | 3 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $205.0, a high estimate of $250.00, and a low estimate of $160.00. A decline of 18.29% from the prior average price target is evident in the current average.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Paylocity Holding's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| Samad Samana | Jefferies | Lowers | Hold | $180.00 | $240.00 |
| Bryan Bergin | TD Cowen | Lowers | Outperform | $185.00 | $195.00 |
| Kevin Mcveigh | UBS | Announces | Neutral | $160.00 | - |
| Siti Panigrahi | Mizuho | Lowers | Neutral | $170.00 | $225.00 |
| Patrick Walravens | JMP Securities | Lowers | Market Outperform | $250.00 | $320.00 |
| Scott Berg | Needham | Lowers | Buy | $200.00 | $325.00 |
| Jason Celino | Keybanc | Lowers | Overweight | $197.00 | $255.00 |
| Arvind Ramnani | Piper Sandler | Lowers | Overweight | $207.00 | $249.00 |
| Steven Enders | Citigroup | Lowers | Neutral | $234.00 | $236.00 |
| Raimo Lenschow | Barclays | Raises | Equal-Weight | $223.00 | $213.00 |
| Arvind Ramnani | Piper Sandler | Maintains | Overweight | $249.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Paylocity Holding. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey 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.
All You Need to Know About 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 36,000 clients as of fiscal 2023. 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's Financial Performance
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Paylocity Holding's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 25.39%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Paylocity Holding's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 10.87%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Paylocity Holding's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.98%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Paylocity Holding's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.94%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Paylocity Holding's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.08.
Analyst Ratings: What Are They?
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.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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