Weiss Ratings Reaffirms “Hold (C)” Rating for Paylocity (NASDAQ:PCTY)

Paylocity (NASDAQ:PCTY)‘s stock had its “hold (c)” rating reaffirmed by research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the company. KeyCorp raised their target price on Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Jefferies Financial Group decreased their target price on Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Paylocity in a report on Friday, July 18th. Cantor Fitzgerald raised Paylocity to a “strong-buy” rating in a report on Thursday, September 11th. Finally, Citigroup dropped their price target on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.71.

Paylocity Trading Up 0.2%

Shares of PCTY opened at $152.31 on Friday. The firm’s 50-day moving average price is $165.00 and its 200-day moving average price is $178.73. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 2.93 and a beta of 0.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity has a 1-year low of $147.60 and a 1-year high of $223.80.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Paylocity by 41.9% in the 1st quarter. GAMMA Investing LLC now owns 545 shares of the software maker’s stock valued at $102,000 after buying an additional 161 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Paylocity during the 1st quarter worth approximately $359,000. Janney Montgomery Scott LLC increased its holdings in shares of Paylocity by 6.5% during the 1st 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 in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Paylocity by 7.3% during the 1st quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker’s stock valued at $7,522,000 after purchasing an additional 2,724 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of Paylocity by 137.0% during the 1st quarter. Summit Trail Advisors LLC now owns 4,752 shares of the software maker’s stock valued at $890,000 after purchasing an additional 2,747 shares in the last quarter. 94.76% of the stock is currently owned by 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.