Analyst Ratings for Paylocity Holding Corp. (PCTY)

Updated: 2017-07-27

Analysts covering Paylocity Holding Corp. (NASDAQ:PCTY) have given it a consensus rating of Overweight. PCTY had previously received a consensus rating of Overweight a month ago.

A buy rating was issued by 8 analysts, 2 gave an overweight rating, 6 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Investment analysts gave a few price targets for PCTY. The most optimistic analyst gave a price target of 60, implying a possible profit of 25.1 percent. The most pessimistic analyst gave a price target of 40, implying a possible loss of -16.6 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -30.56 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 284.11 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

The growth rate of PCTY's earnings is estimated by analysts to be 281.63 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of PCTY is 2.13.

PCTY has a 52-week high of 49.65 and a 52-week low of 29.69. Today's price is 61.54 percent above the 52-week low, and 3.4 percent lower than its 52-week high. PCTY has a price/earnings ratio of 599.5. Investors typically compare the P/E ratio to a company's peers in the industry. The PCTY value stock report compares PCTY to some of its peers using value stock charts. The market cap of PCTY is $2.47 billion. PCTY is estimated to release their earnings results for the quarter on 0000-00-00, days from today.