Paylocity Holding Corporation (NASDAQ:PCTY) Given Average Rating of “Moderate Buy” by Brokerages

Paylocity Holding Corporation (NASDAQ:PCTY) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $207.8333.

Several equities analysts have recently weighed in on PCTY shares. JMP Securities set a $245.00 price objective on Paylocity in a report on Wednesday, November 5th. Guggenheim upgraded Paylocity from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Monday, November 10th. Cowen reaffirmed a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. Stephens cut their price objective on Paylocity from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Paylocity in a research note on Tuesday.

Insider Buying and Selling at Paylocity

In other news, CFO Ryan Glenn sold 1,737 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total transaction of $249,520.05. Following the transaction, the chief financial officer directly owned 77,229 shares in the company, valued at $11,093,945.85. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Paylocity

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Paylocity by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock valued at $88,459,000 after buying an additional 100,400 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Paylocity during the 3rd quarter worth approximately $368,000. Caerus Investment Advisors LLC acquired a new position in shares of Paylocity during the 3rd quarter worth approximately $248,000. Danske Bank A S bought a new stake in Paylocity in the 3rd quarter valued at $64,000. Finally, Advisory Services Network LLC acquired a new stake in Paylocity during the 3rd quarter valued at $38,000. Institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of PCTY stock opened at $147.33 on Friday. Paylocity has a 12 month low of $135.46 and a 12 month high of $223.80. The company’s fifty day simple moving average is $150.44 and its 200-day simple moving average is $171.09. The firm has a market cap of $8.01 billion, a PE ratio of 36.93, a P/E/G ratio of 4.42 and a beta of 0.58. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07.

Paylocity (NASDAQ:PCTY) last released its earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The business had revenue of $408.17 million during the quarter, compared to the consensus estimate of $399.53 million. During the same quarter last year, the firm earned $1.66 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts expect that Paylocity will post 4.36 EPS for the current fiscal year.

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.