Paylocity Stock Buy Hold or Sell Recommendation

PCTY
 Stock
  

USD 261.12  0.32  0.12%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Paylocity Holdings Corp is 'Strong Buy'. Macroaxis provides Paylocity Holdings buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PCTY positions. The advice algorithm takes into account all of Paylocity Holdings' available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Paylocity Holdings' buy-and-hold perspective. Please check Paylocity Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Paylocity and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Paylocity Holdings Corp.

Execute Paylocity Holdings Buy or Sell Advice

The Paylocity recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Paylocity Holdings Corp. Macroaxis does not own or have any residual interests in Paylocity Holdings Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Paylocity Holdings' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Paylocity HoldingsBuy Paylocity Holdings
Strong Buy

Volatility

Very steadyDetails

Hype Condition

Under hypedDetails

Current Valuation

OvervaluedDetails

Odds of Distress

Very SmallDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Paylocity Holdings Corp has a Risk Adjusted Performance of 0.0649, Jensen Alpha of 0.113, Total Risk Alpha of 0.0568, Sortino Ratio of 0.0448 and Treynor Ratio of 0.1186
Macroaxis provides advice on Paylocity Holdings Corp to complement and cross-verify current analyst consensus on Paylocity Holdings Corp. Our recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Paylocity Holdings is not overpriced, please check all Paylocity Holdings Corp fundamentals, including its cash flow from operations, and the relationship between the cash and equivalents and market capitalization . Given that Paylocity Holdings Corp has a number of shares shorted of 1.6 M, we recommend you to check out Paylocity Holdings Corp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Paylocity Holdings Trading Alerts and Improvement Suggestions

Paylocity Holdings is unlikely to experience financial distress in the next 2 years
Paylocity Holdings has a poor financial position based on the latest SEC disclosures
About 74.0% of the company shares are owned by institutional investors
Latest headline from seekingalpha.com: Paylocity Ups Guidance As Employers Freeze New Hiring Or Shed Workers - Seeking Alpha

Paylocity Holdings current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Paylocity analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Paylocity analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price239.00
Target Median Price240.00
Target High Price325.00
Recommendation Mean1.80
Number Of Analyst Opinions15
Target Low Price185.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Paylocity Holdings Returns Distribution Density

The distribution of Paylocity Holdings' historical returns is an attempt to chart the future uncertainty of Paylocity Holdings' future price movements. The chart of the probability distribution of Paylocity Holdings stock daily returns describes the distribution of returns around its average expected value. We use Paylocity Holdings Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Paylocity Holdings returns is essential to provide solid investment advice for Paylocity Holdings stock.
Mean Return0.17Value At Risk-4.67
Potential Upside5.13Standard Deviation2.91
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Paylocity Holdings historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Paylocity Holdings Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(24.47 M)(37.82 M)(49.07 M)(38.9 M)(35.01 M)(35.93 M)
Depreciation Amortization and Accretion13.87 M21.03 M30.2 M34.56 M39.75 M42.89 M
Net Cash Flow or Change in Cash and Cash Equivalents5.24 M(280.19 M)193.8 M186.41 M214.37 M231.3 M
Issuance Purchase of Equity Shares3.13 M3.71 M4.3 M(28.92 M)(26.03 M)(26.72 M)
Net Cash Flow from Financing275.22 M114.72 M2.09 M280.48 M252.43 M272.36 M
Net Cash Flow from Investing(339.36 M)(43.34 M)(48.76 M)48.42 M43.58 M47.02 M
Net Cash Flow from Operations97.87 M115.03 M112.66 M124.85 M112.36 M121.24 M
Share Based Compensation17.56 M26.73 M30.35 M38.77 M44.58 M48.1 M

Paylocity Holdings Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Paylocity Holdings or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Paylocity Holdings stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Paylocity stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.11
β
Beta against DOW1.36
σ
Overall volatility
2.93
Ir
Information ratio 0.0433

Paylocity Holdings Volatility Alert

Paylocity Holdings Corp currently demonstrates below-average downside deviation. It has Information Ratio of 0.04 and Jensen Alpha of 0.11. However, we advise investors to further question Paylocity Holdings Corp expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Paylocity Holdings' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Paylocity Holdings' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Paylocity Holdings Implied Volatility

Paylocity Holdings' implied volatility" href="/stock-options/PCTY/Paylocity-Holdings-Corp">Paylocity Holdings' implied volatility exposes the market's sentiment of Paylocity Holdings Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Paylocity Holdings' implied volatility" href="/stock-options/PCTY/Paylocity-Holdings-Corp">Paylocity Holdings' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Paylocity Holdings stock will not fluctuate a lot when Paylocity Holdings' options" href="/stock-options/PCTY/Paylocity-Holdings-Corp">Paylocity Holdings' options are near their expiration.

Paylocity Holdings Fundamentals Vs Peers

Comparing Paylocity Holdings' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Paylocity Holdings' direct or indirect competition across all of the common fundamentals between Paylocity Holdings and the related equities. This way, we can detect undervalued stocks with similar characteristics as Paylocity Holdings or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Paylocity Holdings' fundamental indicators could also be used in its relative valuation, which is a method of valuing Paylocity Holdings by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Paylocity Holdings to competition
FundamentalsPaylocity HoldingsPeer Average
Return On Equity17.16 %(0.31) %
Return On Asset1.21 %(0.14) %
Profit Margin11.06 %(1.27) %
Operating Margin12.35 %(5.51) %
Current Valuation11.33 B16.62 B
Shares Outstanding55.03 M571.82 M
Shares Owned by Insiders25.79 %10.09 %
Shares Owned by Institutions73.90 %39.21 %
Number of Shares Shorted1.6 M4.71 M
Price to Earning142.43 X28.72 X
Price to Book26.65 X9.51 X
Price to Sales15.75 X11.42 X
Revenue791.16 M9.43 B
Gross Profit416.33 M27.38 B
EBITDA97.71 M3.9 B
Net Income87.51 M570.98 M
Cash and Equivalents96.47 M2.7 B
Cash per Share1.75 X5.01 X
Total Debt79.45 M5.32 B
Debt to Equity0.14 %48.70 %
Current Ratio1.02 X2.16 X
Book Value Per Share8.50 X1.93 K
Cash Flow from Operations144.48 M971.22 M
Short Ratio5.08 X4.00 X
Earnings Per Share1.59 X3.12 X
Price to Earnings To Growth3.21 X4.89 X
Number of Employees4.15 K18.84 K
Beta1.24-0.15
Market Capitalization12.46 B19.03 B
Total Asset1.39 B29.47 B
Retained Earnings123.85 M9.33 B
Working Capital68.99 M1.48 B
Current Asset1.34 B9.34 B
   Payment of 40342 shares by Steven Beauchamp of Paylocity Holdings subject to Rule 16b-3 [view details]

Paylocity Holdings Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Paylocity . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution19633.38
Daily Balance Of Power0.0405
Rate Of Daily Change1.0
Day Median Price261.94
Day Typical Price261.67
Market Facilitation Index0.0
Price Action Indicator(0.66)

About Paylocity Holdings Buy or Sell Advice

When is the right time to buy or sell Paylocity Holdings Corp? Buying financial instruments such as Paylocity Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Paylocity Holdings investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Accounts Payable1.75 M4.23 M3.81 M4.11 M
Receivables4.92 M6.27 M5.64 M6.09 M

Use Investing Ideas to Build Portfolios

In addition to having Paylocity Holdings in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Consumer Thematic Idea Now

Consumer
Consumer Theme
Funds or Etfs that invest in consumer products such as packaged goods, clothing, food, beverages and retail services. The Consumer theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumer Theme or any other thematic opportunities.
View All  Next Launch
Please check Paylocity Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Paylocity Holdings Corp information on this page should be used as a complementary analysis to other Paylocity Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Paylocity Stock analysis

When running Paylocity Holdings Corp price analysis, check to measure Paylocity Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paylocity Holdings is operating at the current time. Most of Paylocity Holdings' value examination focuses on studying past and present price action to predict the probability of Paylocity Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Paylocity Holdings' price. Additionally, you may evaluate how the addition of Paylocity Holdings to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Is Paylocity Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paylocity Holdings. If investors know Paylocity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paylocity Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.29
Market Capitalization
14.4 B
Quarterly Revenue Growth YOY
0.37
Return On Assets
0.0147
Return On Equity
0.17
The market value of Paylocity Holdings Corp is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdings' value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paylocity Holdings' market value can be influenced by many factors that don't directly affect Paylocity Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paylocity Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Paylocity Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.