Equities research analysts forecast that Paylocity Holding Corp (NASDAQ:PCTY) will post $0.25 earnings per share for the current quarter, Zacks reports. Nine analysts have provided estimates for Paylocity’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.22. Paylocity reported earnings per share of $0.11 in the same quarter last year, which would suggest a positive year over year growth rate of 127.3%. The firm is scheduled to issue its next earnings report on Thursday, August 8th.

On average, analysts expect that Paylocity will report full year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.31. For the next year, analysts forecast that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.53 to $1.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Paylocity.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.41 by $0.19. Paylocity had a net margin of 9.52% and a return on equity of 15.29%. The firm had revenue of $139.60 million during the quarter, compared to the consensus estimate of $135.97 million. During the same quarter in the prior year, the firm earned $0.71 EPS. Paylocity’s revenue for the quarter was up 23.1% on a year-over-year basis.

Several brokerages have issued reports on PCTY. Zacks Investment Research raised shares of Paylocity from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Monday, April 8th. ValuEngine raised shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Craig Hallum reissued a “hold” rating and issued a $97.00 price objective (up from $78.00) on shares of Paylocity in a research note on Friday, May 3rd. BidaskClub raised shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 25th. Finally, Bank of America boosted their price objective on shares of Paylocity from $80.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 7th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.57.

PCTY stock opened at $103.40 on Tuesday. Paylocity has a 12 month low of $52.93 and a 12 month high of $103.71. The firm has a market capitalization of $5.12 billion, a P/E ratio of 333.55, a price-to-earnings-growth ratio of 8.56 and a beta of 2.07.

In other news, Director Jeffrey T. Diehl sold 500,000 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $86.50, for a total transaction of $43,250,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark S. Kinsey sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $97.01, for a total transaction of $485,050.00. Following the transaction, the senior vice president now directly owns 85,312 shares in the company, valued at $8,276,117.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 847,405 shares of company stock worth $75,586,534. Corporate insiders own 41.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. FTB Advisors Inc. grew its stake in shares of Paylocity by 25.1% during the 4th quarter. FTB Advisors Inc. now owns 642 shares of the software maker’s stock worth $38,000 after purchasing an additional 129 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Paylocity in the 1st quarter valued at about $61,000. Hilton Capital Management LLC acquired a new stake in Paylocity in the 1st quarter valued at about $63,000. Bronfman E.L. Rothschild L.P. grew its stake in Paylocity by 34.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 774 shares of the software maker’s stock valued at $47,000 after acquiring an additional 200 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Paylocity in the 1st quarter valued at about $132,000. 65.36% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: What are gap-up stocks?

Get a free copy of the Zacks research report on Paylocity (PCTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Paylocity (NASDAQ:PCTY)

Receive News & Ratings for Paylocity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity and related companies with MarketBeat.com's FREE daily email newsletter.