Paylocity Earns Zacks Momentum Score of 99 After 25% Revenue Surge
PCTY•Paylocity posted a 25% year-over-year subscription revenue increase in its latest quarter and holds a Zacks Momentum Style Score of 99, placing it in the top 1% of all stocks. Analysts have raised full-year EPS forecasts by 5% over the past 30 days, citing sustained customer retention and strong bookings.
1. Zacks Momentum Rating
Paylocity achieved a Zacks Momentum Style Score of 99, indicating exceptional price performance and earnings revisions compared with the broader market. This places the stock in the top 1% of all stocks rated for momentum.
2. Latest Quarterly Growth
In its most recent quarter, Paylocity’s subscription revenue climbed 25% year-over-year, driven by new client acquisitions and strong upsell activity within its cloud-based payroll and HR platform.
3. Analyst Estimate Revisions
Over the past 30 days, analysts collectively increased full-year EPS estimates by 5% following consecutive quarters of earnings beats and a stable customer retention rate above 95%, reinforcing confidence in ongoing profitability expansion.
