# Paylocity Holding Corporation – Consensus ‘buy’ rating and 29.6% Upside Potential

- Link: https://www.directorstalkinterviews.com/paylocity-holding-corporation-consensus-buy-rating-and-29.6-upside-potential/4121130136
- Published: 2023-10-20T14:39:19+01:00
- Author: Charlotte Edwards

**Paylocity Holding Corporation** with ticker code (PCTY) now have 15 confirmed 
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
target price High/Low ranges between $325.00 and $223. calculating the mean target
price we have $257.33. Now with the previous closing price of $198.61 this is indicating
there is a potential upside of 29.6%. It’s also worth noting that there is a 50 
day moving average of $194.20 and the 200 day moving average is $193.82. The company
has a market cap of 10.96B. The stock price is currently at: 196.05 USD

 The potential market cap would be $14,204,693,864 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 78.73, revenue per share of 21.09 and a 2.28% 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.

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