Paylocity Holding Corporation (NASDAQ:PCTY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Paylocity Holding Corporation (NASDAQ:PCTY) have been assigned an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $207.8333.

Several research firms recently issued reports on PCTY. Cantor Fitzgerald set a $190.00 price target on shares of Paylocity in a research report on Wednesday, November 5th. JMP Securities set a $245.00 target price on Paylocity in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paylocity in a research note on Wednesday, October 8th. TD Cowen dropped their price objective on Paylocity from $192.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded shares of Paylocity from a “strong sell” rating to a “hold” rating in a research note on Monday.

Paylocity Trading Up 4.6%

PCTY opened at $148.88 on Wednesday. The stock’s 50 day simple moving average is $156.46 and its 200-day simple moving average is $175.07. The stock has a market cap of $8.10 billion, a PE ratio of 37.31, a P/E/G ratio of 4.27 and a beta of 0.58. Paylocity has a 1 year low of $135.46 and a 1 year high of $223.80.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The firm had revenue of $408.17 million for the quarter, compared to the consensus estimate of $399.53 million. During the same quarter in the previous year, the company earned $1.66 earnings per share. The business’s revenue 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. Equities analysts forecast that Paylocity will post 4.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paylocity

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its position in Paylocity by 500.6% in the 2nd quarter. AQR Capital Management LLC now owns 449,935 shares of the software maker’s stock valued at $81,438,000 after purchasing an additional 375,023 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Paylocity by 7.0% in the first quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock valued at $807,966,000 after buying an additional 283,430 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Paylocity in the first quarter valued at about $47,998,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Paylocity by 1,995.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock worth $47,073,000 after buying an additional 247,400 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in Paylocity during the 1st quarter worth about $37,085,000. 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.