Stock of the Day

August 16, 2022

Paylocity (PCTY)

$126.00
-$0.86 (-0.7%)
Market Cap: $6.79B

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. It also provides human resources (HR) software solutions for employee self-service, compliance, HR edge, data analytics, and workflows and documents, as well as human resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, the company offers employee experience platform for community, employee voice, recognition and rewards, video, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.

Today's Trend

Paylocity Holding Corporation (NASDAQ: PCTY) is getting a mild boost from a round of analyst estimate increases, which can help support the stock after recent weakness. Zacks Research raised earnings forecasts across multiple future periods, including FY2026, FY2027 and FY2028, and maintained a Strong-Buy rating. The upward revisions suggest analysts see improving profitability and earnings momentum ahead, which is generally positive for investor sentiment.

Key takeaways for investors:

  • Zacks Research lifted its earnings estimates for Paylocity across several periods, including FY2026, FY2027 and FY2028, signaling stronger expected profitability. Article Title
  • The firm reiterated a Strong-Buy rating on Paylocity, reinforcing a favorable longer-term view on the stock. Article Title
  • The updates were limited to analyst estimates; there was no new company announcement, product news, or guidance from Paylocity itself. Article Title
  • One estimate was trimmed for Q4 2026 EPS, showing that not every near-term forecast was upgraded. Article Title

Overall, PCTY appears to be moving higher in response to improved earnings outlooks from analysts, which investors may read as a sign that the company’s growth and margin profile could be better than previously expected.

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