Paylocity (NASDAQ:PCTY) Hits New 52-Week Low - Here's Why

Key Points

• Paylocity's shares hit a new 52-week low at $159.36, with a trading volume of 33,155 shares.
• Numerous analysts have rated the stock, resulting in a consensus rating of "Moderate Buy" and a target price of $221.59.
• Paylocity reported better-than-expected earnings of $1.56 EPS for the last quarter, surpassing the consensus estimate of $1.38 EPS.

Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $159.36 and last traded at $159.84, with a volume of 33155 shares changing hands. The stock had previously closed at $162.65.

Analyst Ratings Changes

PCTY has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of Paylocity in a research note on Friday, July 18th. Jefferies Financial Group cut their price objective on Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. UBS Group dropped their price objective on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 17th. Cantor Fitzgerald upgraded shares of Paylocity to a "strong-buy" rating in a research report on Thursday, September 11th. Finally, Citigroup decreased their target price on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Paylocity currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.59.

Paylocity Stock Performance

The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 3.12 and a beta of 0.51. The company has a 50 day moving average price of $175.88 and a 200 day moving average price of $183.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (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%. The business's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Institutional Trading of Paylocity

Several institutional investors have recently added to or reduced their stakes in PCTY. AQR Capital Management LLC grew its stake in shares of Paylocity by 500.6% in the second quarter. AQR Capital Management LLC now owns 449,935 shares of the software maker's stock worth $81,438,000 after acquiring an additional 375,023 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Paylocity by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker's stock worth $807,966,000 after acquiring an additional 283,430 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Paylocity during the 1st quarter valued at about $47,998,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Paylocity by 1,995.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker's stock valued at $47,073,000 after purchasing an additional 247,400 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Paylocity in the first quarter valued at about $37,085,000. 94.76% of the stock is currently owned by hedge funds and other 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.

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