Paylocity Holding Corporation (NASDAQ:PCTY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Paylocity Holding Corporation has received a consensus rating of "Moderate Buy" from 21 analysts, with an average target price of $221.59.
• The company's stock recently opened at $150.49 and reported a net revenue of $400.74 million for the last quarter, exceeding analysts' expectations.
• Institutional investors own 94.76% of Paylocity's stock, indicating strong support from major financial entities.

Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $221.5882.

Several research analysts have recently commented on PCTY shares. Cantor Fitzgerald raised shares of Paylocity to a "strong-buy" rating in a report on Thursday, September 11th. Barclays lowered their target price on Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a report on Monday, July 21st. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price target on shares of Paylocity in a research report on Friday, July 18th. Weiss Ratings restated a "hold (c)" rating on shares of Paylocity in a research report on Wednesday. Finally, UBS Group dropped their target price on Paylocity from $195.00 to $183.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 17th.

Paylocity Stock Down 1.6%

Shares of Paylocity stock opened at $150.49 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $170.17 and a 200 day moving average price of $180.96. Paylocity has a fifty-two week low of $150.47 and a fifty-two week high of $223.80. The firm has a market cap of $8.30 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.94 and a beta of 0.53.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The business had revenue of $400.74 million during the quarter, compared to the consensus estimate of $388.25 million. During the same period in the previous year, the business earned $1.48 EPS. The business's quarterly revenue was up 12.2% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts forecast that Paylocity will post 4.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Paylocity by 89.1% during the first quarter. UMB Bank n.a. now owns 467 shares of the software maker's stock worth $87,000 after buying an additional 220 shares during the period. GAMMA Investing LLC boosted its position in Paylocity by 41.9% during the 1st quarter. GAMMA Investing LLC now owns 545 shares of the software maker's stock worth $102,000 after acquiring an additional 161 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Paylocity by 17.6% in the first quarter. Handelsbanken Fonder AB now owns 13,351 shares of the software maker's stock worth $2,501,000 after purchasing an additional 2,000 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Paylocity during the first quarter valued at $256,000. Finally, Simon Quick Advisors LLC bought a new stake in shares of Paylocity during the first quarter valued at about $257,000. Institutional investors own 94.76% of the company's stock.

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.

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