Ratings for Paylocity Holding PCTY were provided by 18 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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 | 10 | 5 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 6 | 4 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $212.22, a high estimate of $240.00, and a low estimate of $180.00. Observing a 9.43% increase, the current average has risen from the previous average price target of $193.94.
Understanding Analyst Ratings: A Comprehensive Breakdown
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 |
|---|---|---|---|---|---|
| Scott Berg | Needham | Maintains | Buy | $220.00 | $220.00 |
| Jared Levine | TD Cowen | Lowers | Buy | $228.00 | $235.00 |
| Siti Panigrahi | Mizuho | Raises | Neutral | $200.00 | $180.00 |
| Daniel Jester | BMO Capital | Raises | Outperform | $240.00 | $203.00 |
| Samad Samana | Jefferies | Raises | Buy | $240.00 | $215.00 |
| Jared Levine | TD Cowen | Raises | Buy | $235.00 | $208.00 |
| Siti Panigrahi | Mizuho | Raises | Neutral | $180.00 | $175.00 |
| Scott Berg | Needham | Maintains | Buy | $220.00 | $220.00 |
| Terry Tillman | Truist Securities | Raises | Buy | $210.00 | $195.00 |
| Brad Reback | Stifel | Raises | Buy | $220.00 | $205.00 |
| Jason Celino | Keybanc | Raises | Overweight | $210.00 | $187.00 |
| Raimo Lenschow | Barclays | Raises | Equal-Weight | $180.00 | $174.00 |
| Samad Samana | Jefferies | Raises | Buy | $215.00 | $200.00 |
| Daniel Jester | BMO Capital | Raises | Outperform | $203.00 | $175.00 |
| Scott Berg | Needham | Raises | Buy | $220.00 | $200.00 |
| Arvind Ramnani | Piper Sandler | Raises | Overweight | $212.00 | $172.00 |
| Jason Celino | Keybanc | Raises | Overweight | $187.00 | $182.00 |
| Samad Samana | Jefferies | Raises | Buy | $200.00 | $145.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Paylocity Holding. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Paylocity Holding compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
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.
Discovering Paylocity Holding: A Closer Look
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's Financial Performance
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Negative Revenue Trend: Examining Paylocity Holding's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -12.5% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Paylocity Holding's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.87% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Paylocity Holding's ROE stands out, surpassing industry averages. With an impressive ROE of 3.23%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Paylocity Holding's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.83% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.34.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per 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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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