Paylocity (NASDAQ:PCTY) Given New $183.00 Price Target at UBS Group

Key Points

• UBS Group has lowered its price target for Paylocity from $195.00 to $183.00, maintaining a "neutral" rating, which suggests a potential upside of 10.02% from the current stock price.
• Multiple analysts have provided varying ratings for Paylocity, with a consensus rating of "Moderate Buy" and an average target price of $221.59.
• Paylocity reported a quarterly EPS of $1.56, exceeding estimates, with revenue of $400.74 million, marking a 12.2% increase year-over-year.

Paylocity (NASDAQ:PCTY - Get Free Report) had its target price reduced by investment analysts at UBS Group from $195.00 to $183.00 in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a "neutral" rating on the software maker's stock. UBS Group's price objective suggests a potential upside of 11.44% from the stock's previous close.

A number of other equities analysts also recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Paylocity in a report on Friday, July 18th. Jefferies Financial Group decreased their target price on Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Barclays decreased their price objective on Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a report on Monday, July 21st. BMO Capital Markets increased their price target on Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial set a $220.00 price target on Paylocity and gave the company an "outperform" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Paylocity presently has a consensus rating of "Moderate Buy" and an average target price of $221.59.

Paylocity Stock Performance

PCTY traded down $0.79 during trading on Wednesday, hitting $164.22. The company's stock had a trading volume of 914,896 shares, compared to its average volume of 475,745. The business's 50 day simple moving average is $178.06 and its 200-day simple moving average is $184.18. Paylocity has a one year low of $159.70 and a one year 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. The firm has a market cap of $9.06 billion, a PE ratio of 40.95, a P/E/G ratio of 3.13 and a beta of 0.51.

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

Insider Activity

In related news, SVP Andrew Cappotelli sold 1,717 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the transaction, the senior vice president owned 11,953 shares in the company, valued at $2,112,573.22. The trade was a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.91% of the company's stock.

Institutional Investors Weigh In On Paylocity

Large investors have recently made changes to their positions in the company. Amiral Gestion grew its position in Paylocity by 128.9% in the 2nd quarter. Amiral Gestion now owns 61,541 shares of the software maker's stock valued at $11,151,000 after acquiring an additional 34,651 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Paylocity by 2.0% in the second quarter. Orion Porfolio Solutions LLC now owns 8,014 shares of the software maker's stock valued at $1,452,000 after purchasing an additional 158 shares during the period. Kestra Investment Management LLC boosted its position in shares of Paylocity by 204.5% during the 2nd quarter. Kestra Investment Management LLC now owns 17,152 shares of the software maker's stock worth $3,108,000 after acquiring an additional 11,520 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Paylocity by 0.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 46,428 shares of the software maker's stock worth $8,412,000 after acquiring an additional 369 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Paylocity in the 2nd quarter valued at about $917,000. 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.