Paylocity (NASDAQ:PCTY) Posts Earnings Results, Misses Estimates By $0.60 EPS

Paylocity (NASDAQ:PCTY) released its quarterly earnings data on Thursday. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.60), Zacks reports. Paylocity had a net margin of 14.76% and a return on equity of 22.93%. Paylocity updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Paylocity Trading Down 2.9 %

PCTY traded down $6.17 during trading on Friday, hitting $205.84. 1,180,215 shares of the stock traded hands, compared to its average volume of 518,184. The firm has a 50-day moving average of $201.32 and a 200 day moving average of $180.76. Paylocity has a 12-month low of $129.94 and a 12-month high of $223.80. The firm has a market capitalization of $11.48 billion, a P/E ratio of 52.78, a price-to-earnings-growth ratio of 5.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PCTY shares. Citigroup raised shares of Paylocity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $214.00 to $231.00 in a report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and issued a $254.00 target price (up from $212.00) on shares of Paylocity in a research note on Thursday. JMP Securities upped their price target on shares of Paylocity from $250.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday. UBS Group lifted their price objective on Paylocity from $211.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Truist Financial upped their target price on Paylocity from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.25.

Insider Transactions at Paylocity

In related news, Director Jeffrey T. Diehl sold 4,513 shares of Paylocity stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $209.91, for a total transaction of $947,323.83. Following the sale, the director now directly owns 1,003 shares in the company, valued at $210,539.73. The trade was a 81.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven I. Sarowitz sold 2,600 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $200.14, for a total value of $520,364.00. Following the transaction, the director now directly owns 8,332,347 shares of the company’s stock, valued at $1,667,635,928.58. This represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,380 shares of company stock worth $25,830,669. Company insiders own 21.91% 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.