Analysts Set Paylocity Holding Corporation (NASDAQ:PCTY) Target Price at $222.71

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.com reports. Five investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $221.5882.

A number of research analysts have issued reports on PCTY shares. Barclays reduced their price objective on Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a research note on Monday, July 21st. Raymond James Financial set a $220.00 price target on Paylocity and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. UBS Group cut their price target on Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday. Jefferies Financial Group cut their price target on Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Finally, Stephens began coverage on Paylocity in a research note on Monday, July 21st. They set an "equal weight" rating and a $200.00 price target for the company.

Paylocity Stock Down 0.5%

NASDAQ PCTY traded down $0.79 on Tuesday, reaching $164.22. The company had a trading volume of 914,896 shares, compared to its average volume of 475,745. The stock has a market capitalization of $9.06 billion, a P/E ratio of 40.95, a P/E/G ratio of 3.14 and a beta of 0.51. The company's fifty day moving average is $178.06 and its 200 day moving average is $184.30. Paylocity has a 52-week low of $159.70 and a 52-week high of $223.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its quarterly 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 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Sell-side analysts anticipate that Paylocity will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Paylocity 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 completion of the transaction, the senior vice president owned 11,953 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 21.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Paylocity

Several institutional investors and hedge funds have recently bought and sold shares of the stock. TCTC Holdings LLC grew its position in shares of Paylocity by 115.9% in 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 bought a new stake in shares of Paylocity in the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. grew its position in shares of Paylocity by 47.4% in 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 bought a new stake in shares of Paylocity in the 1st quarter worth approximately $48,000. Finally, Employees Retirement System of Texas bought a new stake in shares of Paylocity in the 2nd quarter worth approximately $51,000. 94.76% of the stock is currently owned by institutional investors.

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.