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 $156.58, up 0.27% from the previous day, and has decreased 14.8% in one year. It has underperformed other stocks in the Software - Application industry by 0.42 percentage points. Paylocity Holding stock is currently +12.33% from its 52-week low of $139.40, and -32.08% from its 52-week high of $230.52.
There are currently 56.33M PCTY shares outstanding. The market value of PCTY is $8.82B. In the last 24 hours, 363,884 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.
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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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
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 52.19x, relative to Software - Application industry P/E ratio of 101.91x
- PCTY could be overvalued based on its P/B ratio of 8.94x, relative to Software - Application industry P/B ratio of 6.49x
You can access additional valuation research on PCTY's stock here.
PCTY Financial Summary
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the PCTY balance sheet.
- PCTY's operating cash flow of $341.18M allows it to safely service it's debt of $50.96M.
- Total PCTY debt is lower than 5 years ago, relative to shareholder equity.
- PCTY profit margin has gone up from 9.6% to 13% in the past year.
- PCTY earnings of $231.41M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the PCTY balance sheet.
Failed Health Checks:
- PCTY has a relatively high debt to equity ratio of 3.55.
Is PCTY stock a Buy, Hold, or Sell, according to analysts?
Out of 11 sell side analysts who give recommendations on PCTY, the consensus analyst rating on Paylocity Holding is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest PCTY Analyst Recommendations
Matt VanVliet, a bottom 10% analyst from BTIG initiates coverage on PCTY with a strong buy rating and announces their PCTY price target of $200.00, on Feb 6, 2024.
Steven Enders, a top 27% analyst from Citigroup maintains PCTY with a hold rating and raises their PCTY price target from $180.00 to $182.00, on Jan 31, 2024.
Patrick Walravens, a bottom 7% analyst from JMP Securities reiterates PCTY with a buy rating and maintains their PCTY price target from $250.00 to $250.00, on Jan 22, 2024.
Samad Samana, a bottom 8% analyst from Jefferies downgrades PCTY to a hold rating and lowers their PCTY price target from $240.00 to $180.00, on Jan 5, 2024.
Bryan Bergin, a top 24% analyst from TD Cowen maintains PCTY with a buy rating and lowers their PCTY price target from $195.00 to $185.00, on Dec 11, 2023.
You can dive deeper into what analysts are forecasting on the Paylocity Holding stock forecast page.
PCTY Technicals
PCTY Growth Metrics
Last year, PCTY earnings were $167.50M. In the last five year, PCTY's earnings have grown by 24.33% per year. This was slower than the Software - Application industry average of 30.98%.
Last year, PCTY revenue was $1.29B. In the last 5 year, PCTY's revenue has grown by 25.34% per year. This was slower than the Software - Application industry average of 27.57%.
Find out more about PCTY's earnings and revenue performance here.
Who is buying/selling PCTY?
In the last 12 months, executives and large shareholders at PCTY have sold more shares than they have bought.
Jeffrey T. Diehl, Director of PCTY, was the latest PCTY insider to sell. They sold $11,648.58 worth of PCTY shares on Mar 14, 2024.
Get more info about who owns PCTY stock here.
Does PCTY provide a stable income stream?
No, Paylocity Holding doesn't provide an income stream by paying out dividends.
What others are saying about PCTY
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your PCTY purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open Trade button and eToro will place the order.
If you require more help investing in stocks on eToro, click the how to video below:
Step 6: Watch your PCTY position
Now that you own some PCTY stock, you'll want to keep up with your company.
Put PCTY on a watchlist to monitor 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 brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your investment in Paylocity Holding, get started below.
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