Mizuho Lowers Paylocity (NASDAQ:PCTY) Price Target to $150.00

Paylocity (NASDAQ:PCTY) had its price objective cut by investment analysts at Mizuho from $180.00 to $150.00 in a research report issued on Friday, MarketBeat reports. The firm presently has an “outperform” rating on the software maker’s stock. Mizuho’s price target points to a potential upside of 27.28% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Paylocity in a research note on Thursday, January 29th. Weiss Ratings lowered Paylocity from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 27th. TD Cowen restated a “buy” rating on shares of Paylocity in a report on Thursday, January 8th. JMP Securities set a $245.00 price target on Paylocity in a research report on Wednesday, November 5th. Finally, BTIG Research decreased their price objective on Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Sixteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.14.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $117.85 on Friday. The firm has a market capitalization of $6.41 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.47 and a beta of 0.54. Paylocity has a 1 year low of $113.70 and a 1 year high of $223.80. The firm’s 50-day moving average is $145.27 and its two-hundred day moving average is $156.69.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. Paylocity had a net margin of 14.19% and a return on equity of 23.03%. The firm had revenue of $416.13 million during the quarter, compared to analysts’ expectations of $408.37 million. During the same quarter in the previous year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts expect that Paylocity will post 4.36 EPS for the current fiscal year.

Insider Transactions at Paylocity

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

Institutional Investors Weigh In On Paylocity

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new stake in Paylocity during the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in Paylocity by 363.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock worth $29,000 after purchasing an additional 149 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Paylocity during the 3rd quarter worth approximately $38,000. SBI Securities Co. Ltd. boosted its holdings in shares of Paylocity by 47.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock valued at $46,000 after buying an additional 81 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Paylocity in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity News Roundup

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Q2 beat — Paylocity reported EPS of $1.85 vs. $1.57 expected and total revenue of $416.1M (up 10.4% YoY), showing solid recurring-revenue growth that supports long-term profitability. GlobeNewswire Q2 Press Release
• Positive Sentiment: Strong cash flow and buybacks — trailing‑12‑month operating cash flow and free‑cash‑flow margins remain robust; company repurchased $100M (~690k shares) in Q2 and ~$600M (~3.7M shares) since May 2024, supporting EPS and shareholder returns. GlobeNewswire Q2 Press Release
• Positive Sentiment: Product and distribution drivers — management highlighted product expansion and growth through the broker channel as sources of upside to bookings and longer‑term revenue. MSN deep dive
• Neutral Sentiment: Earnings materials available — full slide deck and call transcript provide more detail on client metrics and product road map for investors who want to dig into assumptions. MarketBeat earnings packet Seeking Alpha transcript
• Negative Sentiment: Guidance disappointed — management’s FY26 and Q3 revenue guidance came in below consensus (Q3 guidance midpoint well under street estimates), which is the main near‑term catalyst behind the selloff as it suggests slower near‑term top‑line momentum. MarketBeat guidance summary
• Negative Sentiment: Analyst price‑target cuts — multiple firms (Citigroup, Truist, Citizens JMP, Mizuho, BTIG, BMO) reduced targets today (ratings largely remain buy/outperform), trimming upside and adding near‑term selling pressure despite retained positive views. Benzinga coverage

Paylocity Company Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.