Paylocity Holding Corporation with ticker code (PCTY) now have 18 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $280.00 and $160.00 suggesting an average Analsyt target price of $204.72. Given that the stocks previous close was at $150.32 this would imply there is now a potential upside of 36.2%. It’s also worth noting that there is a 50 day moving average of $176.71 and the 200 moving average now moves to $188.98. The market cap for the company is 8.49B. The stock price for the company is currently $151.09 USD
The potential market cap would be $11,559,445,006 based on the market consensus.
The company has a dividend yield of 0.89%. Other points of data to note are a P/E ratio of 59.25, revenue per share of $22.18 and a 3.51% return on assets.
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM) software solutions. The Company’s services are provided in a Software-as-a-Service (SaaS) delivery model utilizing its cloud-based platform. The Company’s product suite comprises of payroll, human capital management, workforce management, talent management, benefits, employee experiences, implementation and training services, insights and recommendations and tax and regulatory services, that delivers a unified platform. Its cloud-based platform provides a unified suite of modules using a multi-tenant architecture. Its platform provides self-service functionality for employees and managers combined with integration across all its solutions. The Company’s platform also offers an automated data integration with third-party partner systems, which includes 401(k), benefits and insurance provider systems.
