Average Price Target: $199.07
▲ +9.86% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Paylocity in the last 3 months. The average price target is $199.07, with a high forecast of $220.00 and a low forecast of $165.00. The average price target represents a 9.86% upside from the last price of $181.20.
The current consensus among 12 polled investment analysts is to buy stock in Paylocity. This Buy consensus rating has held steady for over two years.
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. In addition, the company offers third-party administrative services for clients designed to modernize the administration of flexible spending accounts, health savings accounts, transportation management accounts, premium only plans, and health reimbursement arrangements for their employees. Further, it provides implementation and training, client, and tax and regulatory services. The company sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.