Paylocity Holding Corporation (NASDAQ:PCTY) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Paylocity Holding Corporation (NASDAQ:PCTY) received an average rating of "Moderate Buy" from 17 research firms, with 4 hold ratings and 13 buy ratings assigned.
• The average 12-month price target set by analysts for PCTY stock is $222.71, with estimates ranging from $200.00 to $270.00 by various firms.
• Paylocity reported a 12.2% year-over-year revenue increase with earnings per share of $1.56 for the last quarter, surpassing analyst estimates of $1.38.

Shares of Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) have been given an average rating of "Moderate Buy" by the seventeen research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $222.7059.

Several analysts have issued reports on the company. Stephens assumed coverage on Paylocity in a research report on Monday, July 21st. They set an "equal weight" rating and a $200.00 target price on the stock. Raymond James Financial set a $220.00 target price on Paylocity and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Piper Sandler reaffirmed an "overweight" rating and set a $258.00 target price (up previously from $254.00) on shares of Paylocity in a research report on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $270.00 target price on shares of Paylocity in a research report on Tuesday, April 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of Paylocity in a research note on Friday, July 18th.

Insiders Place Their Bets

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total value of $303,462.58. Following the completion of the sale, the senior vice president directly owned 11,953 shares in the company, valued at $2,112,573.22. This trade represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Paylocity

Institutional investors have recently bought and sold shares of the company. TCTC Holdings LLC boosted its stake in 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 acquiring an additional 80 shares in the last quarter. USA Financial Formulas acquired a new stake in Paylocity in the first quarter valued at approximately $29,000. SBI Securities Co. Ltd. boosted its stake in 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 acquiring an additional 81 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in Paylocity in the first quarter valued at approximately $48,000. Finally, Employees Retirement System of Texas acquired a new stake in Paylocity in the second quarter valued at approximately $51,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Price Performance

Shares of PCTY stock opened at $178.02 on Friday. The company has a market capitalization of $9.82 billion, a P/E ratio of 44.39, a P/E/G ratio of 3.59 and a beta of 0.54. The company's 50-day simple moving average is $180.89 and its two-hundred day simple moving average is $189.48. 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 has a one year low of $150.87 and a one year high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted 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 company had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.Paylocity's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Paylocity will post 4.36 EPS for the current year.

Paylocity Company Profile

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.

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