Across the recent three months, 8 analysts have shared their insights on Paylocity Holding PCTY, expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Paylocity Holding, presenting an average target of $188.75, a high estimate of $200.00, and a low estimate of $178.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 2.96%.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Paylocity Holding by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mark Marcon | Baird | Lowers | Outperform | $195.00 | $225.00 |
| Brad Reback | Stifel | Lowers | Buy | $185.00 | $205.00 |
| Steven Enders | Citigroup | Raises | Neutral | $178.00 | $176.00 |
| Scott Berg | Needham | Maintains | Buy | $200.00 | $200.00 |
| Jared Levine | TD Cowen | Lowers | Buy | $180.00 | $188.00 |
| Jason Celino | Keybanc | Raises | Overweight | $200.00 | $186.00 |
| Raimo Lenschow | Barclays | Raises | Equal-Weight | $178.00 | $166.00 |
| Arvind Ramnani | Piper Sandler | Lowers | Overweight | $194.00 | $210.00 |
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: Offering insights into predictions, analysts assign qualitative values, 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.
To gain a panoramic view of Paylocity Holding's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Paylocity Holding analyst ratings.
Discovering Paylocity Holding: A Closer Look
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: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Paylocity Holding's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 18.07%. 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 net margin is impressive, surpassing industry averages. With a net margin of 21.26%, the company demonstrates 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 8.18%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Paylocity Holding's ROA stands out, surpassing industry averages. With an impressive ROA of 1.81%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.05, Paylocity Holding adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of 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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