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 $192.10, down 0.12% from the previous day, and has increased 23.81% in one year. It has overperformed other stocks in the Software - Application industry by 0.28 percentage points. Paylocity Holding stock is currently +47.84% from its 52-week low of $129.94, and -14.16% from its 52-week high of $223.80.
There are currently 55.89M PCTY shares outstanding. The market value of PCTY is $10.74B. In the last 24 hours, 435,939 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.
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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 48.76x, relative to Software - Application industry P/E ratio of 120.68x
- PCTY could be overvalued based on its P/B ratio of 9.16x, relative to Software - Application industry P/B ratio of 7.01x
- PCTY could be overvalued based on its PEG ratio of 4.77x
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 profit margin has gone up from 13% to 14.8% in the past year.
- PCTY earnings of $294.80M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the PCTY balance sheet.
- PCTY's operating cash flow of $393.11M allows it to safely service it's debt of $374.05M.
Failed Health Checks:
- PCTY has a relatively high debt to equity ratio of 3.52.
Do Wall Street analysts think it's a good time to buy PCTY stock
Out of 16 Equities analysts who give recommendations on PCTY, the consensus analyst rating on Paylocity Holding is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent PCTY Analyst Recommendations
Siti Panigrahi, a bottom 9% analyst from Mizuho maintains PCTY with a buy rating and lowers their PCTY price target from $245.00 to $220.00, on Apr 15, 2025.
Samad Samana, a bottom 7% analyst from Jefferies maintains PCTY with a strong buy rating and raises their PCTY price target from $240.00 to $255.00, on Feb 7, 2025.
Brian Peterson, a bottom 10% analyst from Raymond James reiterates PCTY with a buy rating and raises their PCTY price target from $215.00 to $265.00, on Feb 7, 2025.
Brad Reback, a top 8% analyst from Stifel Nicolaus maintains PCTY with a strong buy rating and raises their PCTY price target from $220.00 to $250.00, on Feb 7, 2025.
Kevin Mcveigh, a bottom 6% analyst from UBS maintains PCTY with a hold rating and raises their PCTY price target from $211.00 to $220.00, on Feb 7, 2025.
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 $221.17M. During the last 5 year, PCTY's earnings have grown by 29.3% per year. This was slower than the Software - Application industry average of 74.85%.
Last year, PCTY revenue was $1.50B. During the past 5 year, PCTY's revenue has gone up by 23.62% per year. This was faster than the Software - Application industry average of 21.74%.
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.
Melissa Ann King, SVP Product and Technology of PCTY, was the latest PCTY insider to sell. They sold $64,070.28 worth of PCTY stock on Apr 1, 2025.
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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