Paylocity (NASDAQ:PCTY) Hits New 1-Year Low – Time to Sell?

Shares of Paylocity Holding Corporation (NASDAQ:PCTY) hit a new 52-week low on Thursday . The stock traded as low as $148.54 and last traded at $149.86, with a volume of 488586 shares traded. The stock had previously closed at $151.27.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup lowered their target price on Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a report on Monday, July 21st. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Paylocity in a report on Friday, July 18th. Stephens assumed coverage on Paylocity in a report on Monday, July 21st. They issued an “equal weight” rating and a $200.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Paylocity in a report on Wednesday, October 8th. Finally, Zacks Research cut Paylocity from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.59.

Paylocity Stock Down 0.9%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $8.27 billion, a PE ratio of 37.37, a PEG ratio of 2.91 and a beta of 0.53. The business has a 50 day moving average of $168.18 and a two-hundred day moving average of $180.14.

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

Institutional Investors Weigh In On Paylocity

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System raised its stake in Paylocity by 7.3% in the first quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker’s stock valued at $7,522,000 after buying an additional 2,724 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Paylocity by 41.9% in the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker’s stock valued at $102,000 after purchasing an additional 161 shares during the period. Voya Investment Management LLC increased its holdings in shares of Paylocity by 62.5% in the first quarter. Voya Investment Management LLC now owns 44,516 shares of the software maker’s stock valued at $8,340,000 after purchasing an additional 17,118 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Paylocity by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker’s stock valued at $1,179,000 after purchasing an additional 383 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Paylocity in the first quarter valued at about $359,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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.