Barclays Issues Positive Forecast for Paylocity (NASDAQ:PCTY) Stock Price

Paylocity (NASDAQ:PCTY) had its price objective raised by analysts at Barclays from $162.00 to $176.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price target indicates a potential downside of 0.87% from the company’s previous close.

A number of other analysts also recently commented on PCTY. Citigroup boosted their target price on shares of Paylocity from $168.00 to $208.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. BTIG Research raised their target price on shares of Paylocity from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird set a $201.00 price target on shares of Paylocity in a research report on Wednesday, August 5th. Zacks Research lowered shares of Paylocity from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Paylocity in a report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Paylocity currently has an average rating of “Moderate Buy” and an average target price of $177.47.

Paylocity Price Performance

NASDAQ:PCTY traded up $7.98 during mid-day trading on Friday, reaching $177.55. 251,236 shares of the stock were exchanged, compared to its average volume of 767,869. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average price of $155.81 and a 200 day moving average price of $127.26. Paylocity has a 1-year low of $92.99 and a 1-year high of $178.70. The firm has a market capitalization of $9.26 billion, a PE ratio of 35.96, a PEG ratio of 2.03 and a beta of 0.43.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.16. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company had revenue of $451.67 million during the quarter, compared to the consensus estimate of $443.12 million. During the same period in the prior year, the company earned $1.75 EPS. Paylocity’s revenue was up 10.7% on a year-over-year basis. Research analysts expect that Paylocity will post 6.92 earnings per share for the current fiscal year.

Insider Activity

In other Paylocity news, Chairman Steven R. Beauchamp sold 15,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $165.22, for a total transaction of $2,478,300.00. Following the sale, the chairman owned 1,243,389 shares in the company, valued at approximately $205,432,730.58. The trade was a 1.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Sarowitz sold 8,900 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $171.31, for a total transaction of $1,524,659.00. Following the sale, the director directly owned 4,354,869 shares of the company’s stock, valued at $746,032,608.39. This represents a 0.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,704 shares of company stock worth $25,137,741. Corporate insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Paylocity

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in Paylocity by 18.9% during the first quarter. California State Teachers Retirement System now owns 49,614 shares of the software maker’s stock valued at $5,360,000 after acquiring an additional 7,891 shares in the last quarter. Deutsche Bank AG acquired a new stake in Paylocity in the second quarter valued at approximately $54,906,000. Hsbc Holdings PLC lifted its stake in Paylocity by 181.7% in the second quarter. Hsbc Holdings PLC now owns 32,688 shares of the software maker’s stock valued at $3,411,000 after acquiring an additional 21,083 shares during the last quarter. Ieq Capital LLC acquired a new stake in Paylocity in the second quarter valued at approximately $20,119,000. Finally, BlackRock Inc. bought a new stake in Paylocity in the second quarter worth approximately $430,315,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Trending Headlines about Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: For fiscal Q1 2027, Paylocity reported adjusted earnings of $2.09 per share, ahead of the $1.93 consensus estimate, and revenue of $451.7 million versus $443.1 million expected. Revenue grew 10.7% year over year, while recurring and other revenue rose 12% to $424.5 million. Paylocity Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: The company’s full-year outlook slightly exceeded expectations, adding to the positive earnings report. Paylocity’s Q3 CY2026 results and outlook
• Positive Sentiment: Analysts raised their targets while maintaining Buy ratings: Truist increased its target to $200 from $165, and BTIG raised its target to $210 from $200. The revisions signal improved analyst expectations for the shares. Truist raises Paylocity price target
• Positive Sentiment: Paylocity repurchased $152.5 million of shares during the quarter and reported $850.2 million in cumulative repurchases since May 2024, supporting shareholder returns. It also completed its acquisition of Aidora, expanding its AI-powered leave-management capabilities. Paylocity first-quarter financial results

About Paylocity

Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based human capital management (HCM) and payroll software for organizations. Its platform is designed to help employers manage payroll, human resources, employee benefits, talent acquisition, onboarding, performance, learning, and workforce administration through an integrated system.

The company also offers tools for time and labor management, scheduling, employee communications, engagement, surveys, expense management, and other workplace activities.