Paylocity (NASDAQ:PCTY) Upgraded at Zacks Research

Zacks Research upgraded shares of Paylocity (NASDAQ:PCTY) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

PCTY has been the subject of several other reports. Barclays cut their target price on shares of Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. TD Cowen dropped their price objective on shares of Paylocity from $192.00 to $172.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. JMP Securities set a $245.00 target price on shares of Paylocity in a research note on Wednesday, November 5th. UBS Group decreased their target price on Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Finally, Stephens lowered their price target on Paylocity from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Paylocity currently has an average rating of “Moderate Buy” and a consensus target price of $207.83.

Paylocity Stock Performance

Shares of NASDAQ:PCTY opened at $147.99 on Monday. The stock’s 50-day moving average is $155.94 and its 200-day moving average is $174.88. The company has a market cap of $8.05 billion, a P/E ratio of 37.09, a P/E/G ratio of 4.46 and a beta of 0.58. Paylocity has a 52-week low of $135.46 and a 52-week high of $223.80.

Paylocity (NASDAQ:PCTY) last announced its earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.23. Paylocity had a return on equity of 22.07% and a net margin of 13.75%.The firm had revenue of $408.17 million during the quarter, compared to the consensus estimate of $399.53 million. During the same quarter in the prior year, the company earned $1.66 EPS. 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. As a group, equities analysts predict that Paylocity will post 4.36 EPS for the current year.

Institutional Trading of Paylocity

Several large investors have recently added to or reduced their stakes in PCTY. Barclays PLC increased its stake in shares of Paylocity by 28.4% in the third quarter. Barclays PLC now owns 87,220 shares of the software maker’s stock valued at $13,892,000 after buying an additional 19,285 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Paylocity by 14.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 616,747 shares of the software maker’s stock worth $98,237,000 after buying an additional 76,603 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Paylocity by 33.5% during the 3rd quarter. Cresset Asset Management LLC now owns 2,683 shares of the software maker’s stock worth $427,000 after acquiring an additional 673 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its position in Paylocity by 41.0% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 1,993 shares of the software maker’s stock valued at $298,000 after acquiring an additional 580 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co acquired a new stake in Paylocity in the 3rd quarter valued at about $2,500,000. 94.76% of the stock is owned by institutional investors.

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.