Zacks: Analysts Expect Paylocity Holding Co. (NASDAQ:PCTY) to Announce $0.66 EPS


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Analysts predict that Paylocity Holding Co. (NASDAQ:PCTY) will report $0.66 earnings per share (EPS) for the current quarter, according to Zacks. Ten analysts have made estimates for Paylocity’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.71. Paylocity reported earnings of $0.83 per share in the same quarter last year, which suggests a negative year over year growth rate of 20.5%. The firm is expected to issue its next quarterly earnings report on Thursday, May 6th.

According to Zacks, analysts expect that Paylocity will report full-year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.60 to $1.73. For the next fiscal year, analysts expect that the firm will report earnings of $2.03 per share, with EPS estimates ranging from $1.69 to $2.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Paylocity.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Wednesday, February 3rd. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.14. Paylocity had a net margin of 11.05% and a return on equity of 16.89%. The business had revenue of $146.33 million for the quarter, compared to analyst estimates of $143.47 million.

A number of equities research analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of Paylocity from $210.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, February 5th. Citigroup boosted their price target on shares of Paylocity from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, February 5th. Zacks Investment Research lowered shares of Paylocity from a “buy” rating to a “hold” rating and set a $224.00 price target on the stock. in a report on Wednesday, February 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on shares of Paylocity from $209.00 to $210.00 in a report on Tuesday, December 22nd. Finally, JMP Securities boosted their price objective on shares of Paylocity from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, January 26th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $191.88.

Shares of PCTY stock traded up $0.87 during trading hours on Wednesday, reaching $189.59. 1,645 shares of the stock traded hands, compared to its average volume of 272,278. Paylocity has a 1-year low of $84.48 and a 1-year high of $218.34. The business has a fifty day moving average price of $183.51 and a 200 day moving average price of $189.80. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.31 billion, a PE ratio of 167.01, a PEG ratio of 12.76 and a beta of 1.36.

A number of hedge funds have recently bought and sold shares of PCTY. Norges Bank bought a new stake in Paylocity in the fourth quarter worth approximately $65,724,000. Federated Hermes Inc. grew its position in Paylocity by 1,002.3% in the fourth quarter. Federated Hermes Inc. now owns 134,160 shares of the software maker’s stock worth $27,625,000 after acquiring an additional 121,989 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Paylocity by 340.2% in the third quarter. Great West Life Assurance Co. Can now owns 143,629 shares of the software maker’s stock worth $242,000 after acquiring an additional 111,004 shares in the last quarter. BlackRock Inc. grew its position in Paylocity by 2.9% in the fourth quarter. BlackRock Inc. now owns 3,565,639 shares of the software maker’s stock worth $734,201,000 after acquiring an additional 99,655 shares in the last quarter. Finally, Berkshire Capital Holdings Inc. grew its position in Paylocity by 729,500.0% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 72,960 shares of the software maker’s stock worth $15,023,000 after acquiring an additional 72,950 shares in the last quarter. 68.69% of the stock is owned by institutional investors.

About Paylocity

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll module that enables clients to automate key payroll processes and manage compliance; Core HR module, which provides a set of HR capabilities enabling clients to manage HR data; and Talent module that enable clients to manage their talent throughout employees' tenures, starting at recruiting and carrying through onboarding, learning, and performance management.

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Earnings History and Estimates for Paylocity (NASDAQ:PCTY)

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