Equities research analysts expect that Paylocity Holding Corp (NASDAQ:PCTY) will announce earnings of $0.24 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Paylocity’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.21. Paylocity posted earnings per share of $0.16 during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The business is expected to announce its next quarterly earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Paylocity will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.22 to $1.60. For the next year, analysts forecast that the company will report earnings of $1.66 per share, with EPS estimates ranging from $1.28 to $2.18. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Paylocity.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, November 1st. The software maker reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $100.50 million during the quarter, compared to analyst estimates of $98.37 million. Paylocity had a net margin of 12.08% and a return on equity of 12.35%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS.

PCTY has been the subject of a number of research reports. Raymond James reaffirmed a “buy” rating and set a $75.00 target price on shares of Paylocity in a report on Monday, August 13th. Bank of America dropped their target price on shares of Paylocity from $91.00 to $78.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Royal Bank of Canada dropped their target price on shares of Paylocity from $68.00 to $66.00 and set a “sector perform” rating for the company in a report on Friday, August 10th. Jefferies Financial Group initiated coverage on shares of Paylocity in a report on Monday, October 1st. They set a “hold” rating and a $88.00 target price for the company. Finally, Zacks Investment Research lowered shares of Paylocity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.36.

In related news, Director Steven I. Sarowitz sold 72,500 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $62.78, for a total value of $4,551,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Edward W. Gaty sold 5,609 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $67.65, for a total transaction of $379,448.85. The disclosure for this sale can be found here. Insiders sold 183,109 shares of company stock valued at $11,527,499 in the last three months. 41.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP lifted its position in shares of Paylocity by 644.4% during the third quarter. Marshall Wace LLP now owns 589,796 shares of the software maker’s stock worth $47,372,000 after purchasing an additional 510,562 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Paylocity by 9.7% during the third quarter. Vanguard Group Inc. now owns 2,787,057 shares of the software maker’s stock worth $223,856,000 after buying an additional 246,433 shares during the period. Morgan Stanley increased its stake in shares of Paylocity by 59.7% during the third quarter. Morgan Stanley now owns 199,782 shares of the software maker’s stock worth $16,046,000 after buying an additional 74,689 shares during the period. Legal & General Group Plc increased its stake in shares of Paylocity by 19.4% during the third quarter. Legal & General Group Plc now owns 10,992 shares of the software maker’s stock worth $883,000 after buying an additional 1,787 shares during the period. Finally, Standard Life Aberdeen plc increased its stake in shares of Paylocity by 0.9% during the third quarter. Standard Life Aberdeen plc now owns 1,483,567 shares of the software maker’s stock worth $119,160,000 after buying an additional 13,626 shares during the period. 64.11% of the stock is currently owned by institutional investors.

Paylocity stock opened at $64.81 on Tuesday. Paylocity has a 52-week low of $41.15 and a 52-week high of $88.47. The firm has a market cap of $3.42 billion, a PE ratio of 144.13, a price-to-earnings-growth ratio of 5.51 and a beta of 2.18.

Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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Earnings History and Estimates for Paylocity (NASDAQ:PCTY)

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