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 minimum price target given was 40, which equates to a potential downside of -16.6 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -30.56 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

The growth rate of PCTY's earnings is estimated by analysts to be 281.63 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of PCTY is 2.13.

In the trailing 52-weeks, PCTY hit 49.65 at the highest peak, while it's lowest trading point was 29.69. Currently the stock is 61.54 percent higher than its 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 will post this quarters earnings in days, on 0000-00-00.