Paylocity (NASDAQ:PCTY) Sets New 12-Month Low – Here’s What Happened

Paylocity Holding Corporation (NASDAQ:PCTY)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $151.23 and last traded at $152.01, with a volume of 120592 shares changing hands. The stock had previously closed at $152.98.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Paylocity in a research note on Friday, July 18th. UBS Group reduced their target price 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. BMO Capital Markets boosted their target price on shares of Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Barclays reduced their target price on shares of Paylocity from $209.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, July 21st. Finally, KeyCorp boosted their target price on shares of Paylocity from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.59.

Paylocity Trading Down 1.6%

The business’s 50 day moving average price is $170.17 and its two-hundred day moving average price is $180.87. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Institutional Trading of Paylocity

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lifestyle Asset Management Inc. raised its holdings in shares of Paylocity by 36.6% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 2,036 shares of the software maker’s stock worth $324,000 after purchasing an additional 546 shares in the last quarter. Amiral Gestion raised its holdings in shares of Paylocity by 37.6% in the 3rd quarter. Amiral Gestion now owns 84,703 shares of the software maker’s stock worth $13,491,000 after purchasing an additional 23,162 shares in the last quarter. Union Bancaire Privee UBP SA raised its holdings in shares of Paylocity by 74.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 3,556 shares of the software maker’s stock worth $582,000 after purchasing an additional 1,512 shares in the last quarter. Oak Thistle LLC raised its holdings in shares of Paylocity by 46.0% in the 3rd quarter. Oak Thistle LLC now owns 13,171 shares of the software maker’s stock worth $2,098,000 after purchasing an additional 4,151 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Paylocity by 372.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 9,298 shares of the software maker’s stock worth $1,481,000 after purchasing an additional 7,331 shares in the last quarter. 94.76% of the stock is currently 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.