Paylocity (PCTY) Set to Announce Quarterly Earnings on Wednesday

Paylocity (NASDAQ:PCTY) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Paylocity to post earnings of $1.38 per share for the quarter. Paylocity has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.19. Paylocity had a net margin of 14.74% and a return on equity of 22.17%. The business had revenue of $357.30 million for the quarter, compared to analyst estimates of $350.29 million. During the same period last year, the business earned $0.76 EPS. The company’s revenue was up 15.8% on a year-over-year basis. On average, analysts expect Paylocity to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Paylocity Trading Up 2.1 %

Shares of PCTY opened at $175.12 on Wednesday. Paylocity has a twelve month low of $129.94 and a twelve month high of $194.65. The firm’s fifty day simple moving average is $161.74 and its 200-day simple moving average is $154.37. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 4.17 and a beta of 0.95.

Wall Street Analyst Weigh In

Several brokerages recently commented on PCTY. Truist Financial cut their price target on shares of Paylocity from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. KeyCorp lifted their price target on shares of Paylocity from $171.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Piper Sandler lowered their price objective on shares of Paylocity from $194.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective on shares of Paylocity in a research report on Thursday, October 17th. Finally, BTIG Research lowered their price objective on shares of Paylocity from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Paylocity currently has an average rating of “Moderate Buy” and an average price target of $186.07.

Insider Activity

In other news, SVP Rachit Lohani sold 658 shares of Paylocity stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $162.83, for a total value of $107,142.14. Following the sale, the senior vice president now owns 39,764 shares of the company’s stock, valued at $6,474,772.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.50% of the company’s stock.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.