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

Key Points

• Paylocity Holding Corporation has received a consensus recommendation of "Moderate Buy" from 18 research firms, with 12 analysts rating it as a buy and one as a strong buy.
• The average 1-year price target for Paylocity shares is $222.71, with recent upgrades from analysts including Cantor Fitzgerald, which assigned a "strong-buy" rating.
• Paylocity reported $1.56 EPS for its latest quarter, exceeding analysts' expectations, with a revenue increase of 12.2% year-over-year.

Shares of Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $222.7059.

PCTY has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Paylocity to a "strong-buy" rating in a report on Thursday, September 11th. UBS Group raised their price target on shares of Paylocity from $201.00 to $202.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of Paylocity in a report on Friday, July 18th. Stephens initiated coverage on shares of Paylocity in a report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 price target on the stock. Finally, Jefferies Financial Group lowered their price target on shares of Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th.

Insider Activity at Paylocity

In related news, SVP Andrew Cappotelli sold 1,717 shares of the 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 transaction, the senior vice president directly owned 11,953 shares of the company's stock, valued at $2,112,573.22. This trade represents a 12.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Paylocity

A number of institutional investors have recently bought and sold shares of PCTY. TCTC Holdings LLC raised its position in Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after buying an additional 80 shares during the last quarter. USA Financial Formulas purchased a new position in Paylocity during the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. raised its position in Paylocity by 47.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker's stock worth $46,000 after buying an additional 81 shares during the last quarter. Hughes Financial Services LLC purchased a new position in Paylocity during the 1st quarter worth approximately $48,000. Finally, Employees Retirement System of Texas purchased a new position in Paylocity during the 2nd quarter worth approximately $51,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Paylocity Trading Down 1.5%

NASDAQ PCTY opened at $167.07 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 3.23 and a beta of 0.51. The company's 50-day simple moving average is $179.45 and its two-hundred day simple moving average is $185.09. Paylocity has a one year low of $156.55 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 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.18. The business had revenue of $400.74 million for the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts forecast that Paylocity will post 4.36 EPS for the current fiscal 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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