Paylocity (NASDAQ:PCTY) Upgraded to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Paylocity (NASDAQ:PCTY) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports. Cantor Fitzgerald also issued estimates for Paylocity’s FY2026 earnings at $5.53 EPS.

A number of other brokerages also recently commented on PCTY. KeyCorp lifted their price target on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Stephens started coverage on shares of Paylocity in a research note on Monday, July 21st. They issued an “equal weight” rating and a $200.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $250.00 price target on shares of Paylocity in a research note on Friday, July 18th. Citigroup lowered their price objective on Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Finally, BMO Capital Markets lifted their price objective on Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Paylocity currently has an average rating of “Moderate Buy” and an average target price of $222.71.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $171.93 on Thursday. 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 business’s fifty day moving average price is $180.09 and its two-hundred day moving average price is $185.82. The stock has a market cap of $9.48 billion, a PE ratio of 42.88, a price-to-earnings-growth ratio of 3.35 and a beta of 0.51. Paylocity has a one year low of $154.51 and a one year high of $223.80.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. The business had revenue of $400.74 million for the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts forecast that Paylocity will post 4.36 EPS for the current fiscal year.

Insider Buying and Selling at Paylocity

In related news, SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $176.74, for a total value of $303,462.58. Following the transaction, the senior vice president owned 11,953 shares in the company, valued at approximately $2,112,573.22. This trade represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 21.91% of the company’s stock.

Hedge Funds Weigh In On Paylocity

Several hedge funds and other institutional investors have recently modified their holdings of PCTY. New York State Teachers Retirement System increased its position in Paylocity by 7.3% during the 1st quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker’s stock worth $7,522,000 after purchasing an additional 2,724 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Paylocity by 41.9% in the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker’s stock worth $102,000 after acquiring an additional 161 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Paylocity by 6.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker’s stock valued at $1,179,000 after acquiring an additional 383 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Paylocity in the 1st quarter valued at $359,000. Finally, UMB Bank n.a. lifted its holdings in shares of Paylocity by 89.1% during the 1st quarter. UMB Bank n.a. now owns 467 shares of the software maker’s stock valued at $87,000 after acquiring an additional 220 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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.