Brokerages Set Paylocity Holding Corporation (NASDAQ:PCTY) Price Target at $221.59

Paylocity Holding Corporation (NASDAQ:PCTY) has received an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $221.5882.

Several research analysts have weighed in on the stock. Stephens assumed coverage on shares of Paylocity in a research report on Monday, July 21st. They set an “equal weight” rating and a $200.00 target price on the stock. KeyCorp upped their target price on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Cowen restated a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Paylocity in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered their price target on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $150.32 on Friday. The company has a 50-day simple moving average of $166.95 and a 200-day simple moving average of $179.60. Paylocity has a one year low of $147.60 and a one year high of $223.80. 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 market capitalization of $8.29 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.86 and a beta of 0.53.

Paylocity (NASDAQ:PCTY) last announced its earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating 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 business had revenue of $400.74 million during the quarter, compared to analysts’ expectations of $388.25 million. During the same period in the prior year, the company earned $1.48 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts predict that Paylocity will post 4.36 EPS for the current year.

Institutional Trading of Paylocity

A number of hedge funds have recently bought and sold shares of PCTY. AQR Capital Management LLC boosted its position in Paylocity by 500.6% during 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 position in Paylocity by 7.0% during the first 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 acquired a new stake in Paylocity during the first quarter worth approximately $47,998,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Paylocity by 1,995.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock worth $47,073,000 after acquiring an additional 247,400 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in Paylocity during the first quarter worth approximately $37,085,000. Institutional investors and hedge funds 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.