Paylocity (NASDAQ:PCTY) Hits New 1-Year Low - Time to Sell?

Key Points

• Paylocity's shares have reached a new 52-week low of $148.54, with a last trading price of $149.86.
• Analysts have varying ratings for Paylocity, with a consensus rating of "Moderate Buy" and a target price of $221.59.
• In its latest earnings report, Paylocity exceeded expectations with an EPS of $1.56 and quarterly revenue of $400.74 million, up 12.2% year-over-year.

Shares of Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $148.54 and last traded at $149.86, with a volume of 488586 shares changing hands. The stock had previously closed at $151.27.

Analysts Set New Price Targets

Several research firms have recently commented on PCTY. KeyCorp raised their price objective on Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Paylocity in a report on Wednesday, October 8th. Jefferies Financial Group decreased their price target on Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Stephens assumed coverage on Paylocity in a research note on Monday, July 21st. They set an "equal weight" rating and a $200.00 target price on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $250.00 target price on shares of Paylocity in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.59.

Paylocity Trading Down 0.9%

The stock has a market cap of $8.27 billion, a PE ratio of 37.37, a PEG ratio of 2.91 and a beta of 0.53. 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 stock has a fifty day moving average price of $168.18 and a 200 day moving average price of $180.14.

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

Hedge Funds Weigh In On Paylocity

Large investors have recently bought and sold shares of the business. TCTC Holdings LLC boosted its holdings in Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after acquiring an additional 80 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Paylocity by 47.4% during the 2nd 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 during the period. Hughes Financial Services LLC purchased a new position in Paylocity during the 1st quarter valued at $48,000. Employees Retirement System of Texas purchased a new position in Paylocity during the 2nd quarter valued at $51,000. Finally, Bayforest Capital Ltd boosted its holdings in Paylocity by 69.1% during the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after acquiring an additional 121 shares during the period. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.