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.

A number of analysts gave price targets for PCTY. The maximum price target given was 60, implying potential capital gains of 25.1 percent. The minimum price target given was 40, implying potential capital losses 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. That number becomes -30.56 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 284.11 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. 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. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. PCTY has a PEG ratio of 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 P/E 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 stock has a market capitalization of $2.47 billion. PCTY is estimated to release their earnings results for the quarter on 0000-00-00, days from today.