Brokers Set Expectations for Paylocity FY2026 Earnings

Key Points

• Cantor Fitzgerald has projected that Paylocity will earn $5.53 per share for FY2026, significantly higher than the current consensus estimate of $4.36 per share.
• Paylocity recently beat analysts' expectations with earnings of $1.56 per share for the last quarter, surpassing the consensus estimate of $1.38 by $0.18.
• The stock received mixed ratings from analysts, with one Strong Buy, twelve Buy, and four Hold ratings, alongside a consensus price target of $222.71.

Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Paylocity in a note issued to investors on Thursday, September 11th. Cantor Fitzgerald analyst M. Vanvliet expects that the software maker will earn $5.53 per share for the year. Cantor Fitzgerald has a "Strong-Buy" rating on the stock. The consensus estimate for Paylocity's current full-year earnings is $4.36 per share.

Other equities research analysts also recently issued research reports about the company. Barclays cut their price objective on Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a research report on Monday, July 21st. UBS Group cut their price objective on Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a research report on Wednesday. Citigroup cut their price objective on Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Raymond James Financial set a $220.00 target price on Paylocity and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of Paylocity in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Paylocity presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.59.

Paylocity Price Performance

Shares of NASDAQ:PCTY traded up $0.80 on Friday, reaching $166.67. 213,866 shares of the company traded hands, compared to its average volume of 485,494. Paylocity has a fifty-two week low of $159.64 and a fifty-two week high of $223.80. The company's 50 day moving average is $179.07 and its 200-day moving average is $184.95. The stock has a market capitalization of $9.19 billion, a PE ratio of 41.66, a P/E/G ratio of 3.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.18. The firm had revenue of $400.74 million during the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS.

Institutional Investors Weigh In On Paylocity

Hedge funds and other institutional investors have recently made changes to their positions in the business. TCTC Holdings LLC lifted its stake in shares of Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after buying an additional 80 shares during the period. USA Financial Formulas bought a new stake in shares of Paylocity in the first quarter valued at about $29,000. SBI Securities Co. Ltd. lifted its stake in shares of Paylocity by 47.4% in the second quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker's stock valued at $46,000 after buying an additional 81 shares during the period. Hughes Financial Services LLC bought a new position in Paylocity during the first quarter worth about $48,000. Finally, Employees Retirement System of Texas bought a new position in Paylocity during the second quarter worth about $51,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Andrew Cappotelli sold 1,717 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $176.74, for a total value of $303,462.58. Following the sale, the senior vice president directly owned 11,953 shares of the company's stock, valued at approximately $2,112,573.22. This trade represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.91% of the stock is owned by insiders.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.