How to Buy Paylocity Holding Stock
Paylocity Holding Corp
Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States.
Paylocity Holding stock last closed at $182.25, up 0.77% from the previous day, and has decreased 12.62% in one year. It has overperformed other stocks in the Software - Application industry by 0.15 percentage points. Paylocity Holding stock is currently +19.89% from its 52-week low of $152.01, and -34.18% from its 52-week high of $276.88.
There are currently 55.77M PCTY shares outstanding. The market value of PCTY is $10.16B. In the last 24 hours, 586,167 PCTY shares were traded.
How to Buy Paylocity Holding Stock
Wondering how to invest in Paylocity Holding stock? Here's how.
- Decide where to buy Paylocity Holding stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Paylocity Holding stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your info.
- Analyze Paylocity Holding stock: The Paylocity Holding ticker symbol is PCTY. Is Paylocity Holding stock a good investment? Should you buy shares of PCTY? How do PCTY's underlying business fundamentals look? Do top analysts think Paylocity Holding is a good buy? Why has PCTY's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if PCTY is a good stock to buy).
- Place your PCTY purchase: Decide if you will purchase PCTY shares at the current market price or use a limit order to buy PCTY stock at a particular price.
- Watch your PCTY position: Create a watchlist to monitor your new investment in Paylocity Holding shares.
Step 1: Decide where to buy Paylocity Holding stock
You need a brokerage account to access the NASDAQ market and buy PCTY shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to invest in PCTY stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal details to open your new trading account.
- Send your application by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have finished signing up on a good online stock trading app, you need to deposit funds:
Watch this video walkthrough for more details transferring money into your new brokerage account.
Step 4: Analyze Paylocity Holding stock
After you have selected the best place to buy Paylocity Holding stock, it's very important to evaluate their stock before you buy, so you actually understand the risk as well as the upside.
Overview of key PCTY info
Paylocity Holding Due Diligence Checks
WallStreetZen was designed to help average investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on PCTY's stock page.
Is PCTY stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PCTY's fair value.
Using relative valuations methods:
- PCTY may be undervalued based on its P/E ratio of 105.35x, relative to Software - Application industry P/E ratio of 153.54x
- PCTY could be overvalued based on its P/B ratio of 15x, relative to Software - Application industry P/B ratio of 5.05x
- PCTY could be overvalued based on its PEG ratio of 2.91x
You can access more valuation analysis on PCTY's stock here.
Is PCTY a healthy company?
Passed Health Checks:
- Total PCTY debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the PCTY balance sheet.
- PCTY earnings of $90.83M is not sufficient to cover its interest payments.
- PCTY's operating cash flow of $206.95M allows it to safely service it's debt of $65.35M.
- There are more short-term assets than short-term liabilities on the PCTY balance sheet.
Failed Health Checks:
- PCTY has a relatively high debt to equity ratio of 4.81.
- PCTY profit margin has gone down from 12.2% to 9.6% in the past year.
Do Wall Street analysts think it's a good time to buy PCTY stock
Out of 6 Equities analysts who give recommendations on PCTY, the consensus analyst rating on Paylocity Holding is a Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent PCTY Analyst Recommendations
Scott Berg, a bottom 9% analyst from Needham reiterates PCTY with a buy rating and maintains their PCTY price target from $325.00 to $325.00, on Feb 13, 2023.
Patrick Walravens, a bottom 2% analyst from JMP Securities reiterates PCTY with a buy rating and maintains their PCTY price target from $320.00 to $320.00, on Feb 3, 2023.
Bryan Bergin, a top 24% analyst from Cowen & Co. maintains PCTY with a buy rating and raises their PCTY price target from $231.00 to $265.00, on Feb 3, 2023.
Jason Celino, a bottom 3% analyst from KeyBanc maintains PCTY with a strong buy rating and raises their PCTY price target from $295.00 to $305.00, on Feb 3, 2023.
Arvind Ramnani, a bottom 1% analyst from Piper Sandler maintains PCTY with a strong buy rating and raises their PCTY price target from $276.00 to $297.00, on Feb 3, 2023.
You can dig deeper into what analysts are projecting on the Paylocity Holding stock forecast page.
PCTY Trading Indicators
How is PCTY performing as a company?
Last year, PCTY earnings were $95.94M. During the last 5 year, PCTY's earnings have grown by 49.71% per year. This was faster than the Software - Application industry average of -0.11%.
Last year, PCTY revenue was $1.00B. During the past 5 year, PCTY's revenue has gone up by 24.57% per year. This was slower than the Software - Application industry average of 35.71%.
Learn more about PCTY's earnings and revenue performance here.
Are PCTY executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at PCTY have sold more shares than they have bought.
Ryan Glenn, CFO and Treasurer of PCTY, was the latest PCTY insider to sell. They sold $221,825.00 worth of PCTY stock on Mar 15, 2023.
Dig into more about who owns PCTY stock here.
Can I rely on PCTY as an income stream?
No, Paylocity Holding doesn't provide an income stream by paying out dividends.
What others are saying about PCTY
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your PCTY purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, place a limit order.
Click the Open button and eToro will place your order.
If you need more help with buying stocks on eToro, click the helpful video below:
Step 6: Watch your PCTY position
Now that you own some PCTY stock, you'll want to keep up with your shares.
Make a watchlist to keep tabs on your PCTY stock.
PCTY Feed
How to Buy Stock in Paylocity Holding
To reiterate, here are the 6 steps you need to take to buy Paylocity Holding stock right now:
- Decide where to buy Paylocity Holding stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Analyze Paylocity Holding stock
- Place your PCTY purchase
- Watch your PCTY position
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Paylocity Holding, add PCTY to your watchlist below.
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