Paylocity Holdng Stock Today
| PCTY Stock | USD 156.16 2.72 1.71% |
Performance0 of 100
| Odds Of DistressLess than 4
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Paylocity Holdng is trading at 156.16 as of the 25th of April 2024; that is -1.71% down since the beginning of the trading day. The stock's open price was 158.88. Paylocity Holdng has only four percent chance of going through some form of financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Paylocity Holdng are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 19th of March 2014 | Category Technology | Classification Information Technology |
Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company was founded in 1997 and is headquartered in Schaumburg, Illinois. Paylocity Holdings operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. The company has 56.33 M outstanding shares of which 2.69 M shares are at this time shorted by private and institutional investors with about 7.21 trading days to cover. More on Paylocity Holdng
Moving against Paylocity Stock
| 0.54 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
| 0.41 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Paylocity Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Paylocity Holdng's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Paylocity Holdng or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Steven Beauchamp | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Application Software, Software - Application, Information Technology, ISE Cloud Computing, NASDAQ Composite, SP Midcap 400, NASDAQ Composite Total, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Paylocity Holdng report their recommendations after researching Paylocity Holdng's financial statements, talking to executives and customers, or listening in on Paylocity Holdng's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Paylocity Holdng. The Paylocity consensus assessment is calculated by taking the average forecast from all of the analysts covering Paylocity Holdng. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Paylocity Holdng's historical financial statements, Paylocity Holdng is doing better financially then in previous quarter. It has a moderate chance of reporting better financial numbers in May. Financial strength of Paylocity Holdng is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Paylocity Holdng's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Paylocity Holdng's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Paylocity Holdng's financial leverage. It provides some insight into what part of Paylocity Holdng's total assets is financed by creditors.
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Paylocity Holdng (PCTY) is traded on NASDAQ Exchange in USA. It is located in 1400 American Lane, Schaumburg, IL, United States, 60173 and employs 6,100 people. Paylocity Holdng is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.95 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Paylocity Holdng's market, we take the total number of its shares issued and multiply it by Paylocity Holdng's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Paylocity Holdng conducts business under Software sector and is part of Information Technology industry. The entity has 56.33 M outstanding shares of which 2.69 M shares are at this time shorted by private and institutional investors with about 7.21 trading days to cover.
Paylocity Holdng currently holds about 139.76 M in cash with 282.72 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.53.
Check Paylocity Holdng Probability Of Bankruptcy
Ownership AllocationPaylocity Holdng owns a total of 56.33 Million outstanding shares. The majority of Paylocity Holdng outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Paylocity Holdng to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Paylocity Holdng. Please pay attention to any change in the institutional holdings of Paylocity Holdng as this could imply that something significant has changed or is about to change at the company. Also note that almost five hundred sixty-three thousand three hundred fourteen invesors are currently shorting Paylocity Holdng expressing very little confidence in its future performance.
Check Paylocity Ownership Details
Paylocity Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Paylocity Holdng jumping above the current price in 90 days from now is over 95.76%. The Paylocity Holdng probability density function shows the probability of Paylocity Holdng stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.4222 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Paylocity Holdng will likely underperform. Additionally, paylocity Holdng has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Paylocity Holdng to move above the current price in 90 days from now is over 95.76 (This Paylocity Holdng probability density function shows the probability of Paylocity Stock to fall within a particular range of prices over 90 days) .
Paylocity Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Paylocity Holdng that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Paylocity Holdng's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Paylocity Holdng's value.| Instituion | Recorded On | Shares | |
| Citadel Advisors Llc | 2023-09-30 | 554.5 K | |
| Hhg Plc | 2023-12-31 | 501.7 K | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 498.5 K | |
| Westfield Capital Management Company, Lp | 2023-12-31 | 483 K | |
| Van Berkom And Associates Inc | 2023-12-31 | 468.2 K | |
| Liontrust Investment Partners Llp | 2023-12-31 | 466.4 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 461.9 K | |
| Northern Trust Corp | 2023-12-31 | 406.6 K | |
| Clearbridge Advisors, Llc | 2023-12-31 | 382 K | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 8.6 M | |
| Blackrock Inc | 2023-12-31 | 4.4 M |
Paylocity Holdng Historical Income Statement
Paylocity Holdng Income Statement is one of the three primary financial statements used for reporting Paylocity's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Paylocity Holdng revenue and expense. Paylocity Holdng Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Paylocity Holdng's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 787.9 M in 2024, whereas Interest Expense is likely to drop slightly above 440.4 K in 2024. View More FundamentalsPaylocity Stock Against Markets
Picking the right benchmark for Paylocity Holdng stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Paylocity Holdng stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Paylocity Holdng is critical whether you are bullish or bearish towards Paylocity Holdng at a given time. Please also check how Paylocity Holdng's historical prices are related to one of the top price index indicators.
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Paylocity Holdng Corporate Directors
Paylocity Holdng corporate directors refer to members of a Paylocity Holdng board of directors. The board of directors generally takes responsibility for the Paylocity Holdng's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Paylocity Holdng's board members must vote for the resolution. The Paylocity Holdng board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ronald Waters | Independent Director | Profile | |
| Ellen Carnahan | Independent Director | Profile | |
| Mark Mishler | Independent Director | Profile | |
| Andres Reiner | Director | Profile |
How to buy Paylocity Stock?
Before investing in Paylocity Holdng, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Paylocity Holdng. To buy Paylocity Holdng stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Paylocity Holdng. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Paylocity Holdng stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Paylocity Holdng stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Paylocity Holdng stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Paylocity Holdng, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Paylocity Stock please use our How to Invest in Paylocity Holdng guide.
Already Invested in Paylocity Holdng?
The danger of trading Paylocity Holdng is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Paylocity Holdng is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Paylocity Holdng. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Paylocity Holdng is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Paylocity Holdng offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paylocity Holdng's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paylocity Holdng Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paylocity Holdng Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paylocity Holdng. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Paylocity Stock please use our How to Invest in Paylocity Holdng guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Paylocity Stock analysis
When running Paylocity Holdng's price analysis, check to measure Paylocity Holdng's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paylocity Holdng is operating at the current time. Most of Paylocity Holdng's value examination focuses on studying past and present price action to predict the probability of Paylocity Holdng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paylocity Holdng's price. Additionally, you may evaluate how the addition of Paylocity Holdng to your portfolios can decrease your overall portfolio volatility.
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Is Paylocity Holdng's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paylocity Holdng. If investors know Paylocity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paylocity Holdng listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.333 | Earnings Share 2.96 | Revenue Per Share 23.083 | Quarterly Revenue Growth 0.282 | Return On Assets 0.0327 |
The market value of Paylocity Holdng is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdng's value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdng's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paylocity Holdng's market value can be influenced by many factors that don't directly affect Paylocity Holdng's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paylocity Holdng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paylocity Holdng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdng's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.