Paylocity Holding Corporation (NASDAQ:PCTY) is reporting first quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PCTY is expected to report 1Q21 income of $ 0.15 per share from revenue of $ 134.05 million.
For the full year, analysts anticipate top line of $ 623.41 million, while looking forward to income of $ 1.46 per share bottom line.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 131.50 million ~ $ 135.50 million
Click Here For More Historical Outlooks Of Paylocity Holding Corporation
Previous Quarter Performance
Paylocity Holding Corporation unfold income for the fourth quarter of $ 0.32 per share, from the revenue of $ 130.59 million. Wall street analysts are predicting, PCTY to report 4Q20 income of $ 0.13 per share from revenue of $ 126.58 million. The bottom line results beat street analysts by $ 0.19 or 146.15 percent, at the same time, top line results outshined analysts by $ 4.01 million or 3.17 percent.
Stock Performance
Shares of Paylocity Holding Corporation traded up $ 15.86 or 8.52 percent on Wednesday, reaching $ 202.05 with volume of 496.80 thousand shares. Paylocity Holding Corporation has traded high as $ 203.26 and has cracked $ 191.42 on the downward trend
The closing price of $ 202.05, representing a 177.98 % increase from the 52 week low of $ 66.98 and a 8.4 % decrease over the 52 week high of $ 203.26.
The company has a market capital of $ 10.96 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by JMP Securities at Market Outperform rating, with $ 195.00 target price.
- On 2nd October 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
- On 17th September 2020, maintained by Needham & Company LLC at Buy rating, with $ 170.00 target price.
- On 16th September 2020, initiated by Cowen at Outperform rating, with $ 165.00 target price.
Conference Call
Paylocity Holding Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.paylocity.com
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll module that enables clients to automate key payroll processes and manage compliance; Core HR module, which provides a set of HR capabilities enabling clients to manage HR data; and Talent module that enable clients to manage their talent throughout employees tenures, starting at recruiting and carrying through onboarding, learning, and performance management. It also provides Workforce Management module for time and attendance and scheduling functionality, enabling clients to collect hourly data for employees, improve productivity, and help organizations control labor costs; Benefits modules, which offers benefit management solutions that integrate with insurance carrier systems to provide automated administrative processes.
