Paylocity Holding Corporation (NASDAQ:PCTY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Paylocity Holding Corporation (NASDAQ:PCTY) has received an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $221.3750.

Several analysts have recently weighed in on PCTY shares. Stephens started coverage on shares of Paylocity in a research note on Monday, July 21st. They set an “equal weight” rating and a $200.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paylocity in a research note on Wednesday, October 8th. Raymond James Financial set a $220.00 price target on shares of Paylocity and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Jefferies Financial Group decreased their price target on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Finally, UBS Group decreased their price target on shares of Paylocity from $195.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th.

Paylocity Stock Down 1.1%

Shares of NASDAQ PCTY opened at $139.33 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $7.58 billion, a P/E ratio of 34.75, a PEG ratio of 2.71 and a beta of 0.58. Paylocity has a 1 year low of $137.57 and a 1 year high of $223.80. The firm has a 50-day simple moving average of $159.99 and a two-hundred day simple moving average of $176.55.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.23. The business had revenue of $408.17 million during the quarter, compared to the consensus estimate of $399.53 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts anticipate that Paylocity will post 4.36 earnings per share for the current year.

Hedge Funds Weigh In On Paylocity

A number of large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its stake in Paylocity by 8,084.6% in the third quarter. Cornerstone Planning Group LLC now owns 1,064 shares of the software maker’s stock worth $169,000 after buying an additional 1,051 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Paylocity by 14.4% in the third quarter. Allianz Asset Management GmbH now owns 32,566 shares of the software maker’s stock worth $5,187,000 after buying an additional 4,111 shares in the last quarter. Principal Financial Group Inc. raised its stake in Paylocity by 0.8% in the third quarter. Principal Financial Group Inc. now owns 98,964 shares of the software maker’s stock worth $15,762,000 after buying an additional 810 shares in the last quarter. AlphaQuest LLC raised its stake in Paylocity by 80.3% in the third quarter. AlphaQuest LLC now owns 24,804 shares of the software maker’s stock worth $3,951,000 after buying an additional 11,050 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Paylocity by 1.6% in the third quarter. Federated Hermes Inc. now owns 4,848 shares of the software maker’s stock worth $772,000 after buying an additional 78 shares in the last quarter. Institutional investors 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.