Across the recent three months, 10 analysts have shared their insights on Paylocity Holding PCTY, expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 2 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $222.9, a high estimate of $240.00, and a low estimate of $180.00. Observing a 7.68% increase, the current average has risen from the previous average price target of $207.00.
Analyzing Analyst Ratings: A Detailed 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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: 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 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.
Capture valuable insights into Paylocity Holding's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Paylocity Holding analyst ratings.
Delving into Paylocity Holding's Background
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.
A Deep Dive into Paylocity Holding's Financials
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. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.87%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Paylocity Holding's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.23%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.83%, the company showcases effective utilization of assets.
Debt Management: Paylocity Holding's debt-to-equity ratio is below the industry average at 0.34, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: Simplified
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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