Paylocity (NASDAQ:PCTY) Reaches New 1-Year Low - Should You Sell?

Key Points

• Paylocity has hit a new 52-week low of $151.23, reflecting a decline in trading activity with an average price recently around $152.01.
• Multiple analysts provided mixed ratings on PCTY, with BMO Capital Markets upgrading their price target to $230.00 while UBS Group lowered theirs to $183.00.
• The company reported $1.56 earnings per share, exceeding analysts' estimates, and had a revenue of $400.74 million, reflecting a 12.2% increase year-over-year.

Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $151.23 and last traded at $152.01, with a volume of 120592 shares changing hands. The stock had previously closed at $152.98.

Wall Street Analyst Weigh In

Several research firms recently commented on PCTY. Guggenheim began coverage on shares of Paylocity in a report on Thursday, September 25th. They issued a "neutral" rating on the stock. BMO Capital Markets raised their price target on shares of Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. UBS Group cut their price target on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of Paylocity in a report on Friday, July 18th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Paylocity in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $221.59.

Paylocity Trading Down 1.4%

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's 50 day moving average is $170.79 and its 200-day moving average is $181.27. The firm has a market cap of $8.32 billion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 2.97 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 (EPS) for the quarter, topping 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 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 previous year, the firm earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Institutional Trading of Paylocity

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lifestyle Asset Management Inc. boosted its holdings in Paylocity by 36.6% in the third quarter. Lifestyle Asset Management Inc. now owns 2,036 shares of the software maker's stock worth $324,000 after purchasing an additional 546 shares during the period. Amiral Gestion boosted its holdings in Paylocity by 37.6% in the third quarter. Amiral Gestion now owns 84,703 shares of the software maker's stock worth $13,491,000 after purchasing an additional 23,162 shares during the period. Union Bancaire Privee UBP SA boosted its holdings in Paylocity by 74.0% in the third quarter. Union Bancaire Privee UBP SA now owns 3,556 shares of the software maker's stock worth $582,000 after purchasing an additional 1,512 shares during the period. Oak Thistle LLC boosted its holdings in Paylocity by 46.0% in the third quarter. Oak Thistle LLC now owns 13,171 shares of the software maker's stock worth $2,098,000 after purchasing an additional 4,151 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in Paylocity by 372.7% in the third quarter. Aaron Wealth Advisors LLC now owns 9,298 shares of the software maker's stock worth $1,481,000 after purchasing an additional 7,331 shares during the period. Institutional investors own 94.76% of the company's stock.

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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