Paylocity (NASDAQ:PCTY) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Paylocity received a "hold (c)" rating from Weiss Ratings, while several other firms have given mixed ratings and target prices ranging between $190.00 and $250.00.
• The company reported earnings of $1.56 per share, exceeding analysts' expectations, with a net margin of 14.24% and revenue up 12.2% year-over-year.
• Large investors are actively increasing their stakes in Paylocity, with hedge funds and institutions owning 94.76% of the stock.

Paylocity (NASDAQ:PCTY - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

PCTY has been the topic of a number of other reports. Cowen reissued a "buy" rating on shares of Paylocity in a report on Monday. Raymond James Financial set a $220.00 target price on shares of Paylocity and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 target price on shares of Paylocity in a research note on Friday, July 18th. Barclays lowered their target price on shares of Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Monday, July 21st. Finally, BMO Capital Markets raised their target price on shares of Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Paylocity currently has a consensus rating of "Moderate Buy" and an average target price of $221.59.

Paylocity Trading Up 0.7%

Shares of Paylocity stock opened at $154.23 on Wednesday. Paylocity has a 12-month low of $151.71 and a 12-month high of $223.80. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 2.95 and a beta of 0.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $171.42 and its 200-day moving average price is $181.56.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced 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. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The firm had revenue of $400.74 million for the quarter, compared to the consensus estimate of $388.25 million. During the same period in the prior year, the firm posted $1.48 earnings per share. The company's revenue for the quarter 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, equities analysts expect that Paylocity will post 4.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. TCTC Holdings LLC grew its holdings in shares of Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after purchasing an additional 80 shares during the last quarter. USA Financial Formulas bought a new position in shares of Paylocity in the first quarter worth approximately $29,000. SBI Securities Co. Ltd. grew its holdings in shares of Paylocity by 47.4% in the second quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker's stock worth $46,000 after purchasing an additional 81 shares during the last quarter. Hughes Financial Services LLC bought a new position in shares of Paylocity in the first quarter worth approximately $48,000. Finally, Employees Retirement System of Texas bought a new position in shares of Paylocity in the second quarter worth approximately $51,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

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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