Paylocity (NASDAQ:PCTY) Given New $200.00 Price Target at Cantor Fitzgerald

Paylocity (NASDAQ:PCTY) had its price objective lifted by Cantor Fitzgerald from $165.00 to $200.00 in a research report report published on Friday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the software maker’s stock.

PCTY has been the subject of a number of other research reports. Zacks Research cut shares of Paylocity from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Paylocity from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. TD Cowen increased their price target on Paylocity from $168.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Paylocity in a report on Wednesday, August 5th. Finally, Citizens Jmp lifted their price objective on Paylocity from $150.00 to $180.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 20th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and a consensus target price of $174.88.

Paylocity Trading Up 1.5%

Shares of PCTY stock opened at $170.91 on Friday. Paylocity has a 12-month low of $92.99 and a 12-month high of $178.53. The company has a market capitalization of $8.92 billion, a P/E ratio of 29.49, a P/E/G ratio of 2.00 and a beta of 0.50. The firm has a 50-day moving average price of $154.29 and a 200 day moving average price of $126.67. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.07.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. The firm had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. Research analysts forecast that Paylocity will post 6.92 earnings per share for the current fiscal year.

Insider Activity

In other Paylocity news, Chairman Steven Beauchamp sold 15,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $165.22, for a total transaction of $2,478,300.00. Following the completion of the sale, the chairman directly owned 1,243,389 shares of the company’s stock, valued at approximately $205,432,730.58. The trade was a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 19,459 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $157.78, for a total transaction of $3,070,241.02. Following the transaction, the director owned 4,453,495 shares in the company, valued at approximately $702,672,441.10. The trade was a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 162,840 shares of company stock worth $26,817,161. 19.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Paylocity

Several institutional investors have recently modified their holdings of PCTY. Covestor Ltd grew its holdings in Paylocity by 29.5% during the 3rd quarter. Covestor Ltd now owns 821 shares of the software maker’s stock worth $117,000 after acquiring an additional 187 shares during the period. Provenance Wealth Advisors LLC bought a new stake in shares of Paylocity during the 3rd quarter valued at $280,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Paylocity during the 3rd quarter valued at $547,000. Vise Technologies Inc. lifted its stake in shares of Paylocity by 66.1% in the 3rd quarter. Vise Technologies Inc. now owns 10,160 shares of the software maker’s stock valued at $1,449,000 after purchasing an additional 4,045 shares during the period. Finally, MGO One Seven LLC acquired a new position in shares of Paylocity in the 3rd quarter valued at $259,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Key Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target from $165 to $200 and maintained an “overweight” rating. The new target implies additional upside and is the most immediate catalyst supporting PCTY. Cantor Fitzgerald analyst rating
• Positive Sentiment: KeyBanc maintained its “buy” rating, while other firms including Guggenheim and BTIG Research have recently cited $200 targets. The continued concentration of bullish ratings reinforces confidence in Paylocity’s growth outlook. KeyBanc rating
• Positive Sentiment: Investors are positioning ahead of the company’s upcoming earnings report. Zacks identifies Paylocity as a potential earnings-beat candidate, supported by cloud and AI-related software demand. In the latest reported quarter, EPS of $1.84 exceeded the $1.62 consensus and revenue grew 11% year over year. Zacks software earnings outlook
• Neutral Sentiment: Institutional investors and hedge funds own approximately 94.8% of PCTY, indicating strong sponsorship. However, the stock’s valuation—roughly 34 times earnings—leaves less room for disappointment if results or guidance fall short.
• Negative Sentiment: Director Steven Sarowitz sold 8,900 shares for approximately $1.52 million and an additional 100 shares for $17,023. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, and he still owns more than 4.35 million shares. The limited reduction in ownership reduces the significance of the sales, but repeated insider selling may weigh modestly on sentiment. SEC insider transaction filing

Paylocity Company Profile

Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based human capital management (HCM) and payroll software for organizations. Its platform is designed to help employers manage payroll, human resources, employee benefits, talent acquisition, onboarding, performance, learning, and workforce administration through an integrated system.

The company also offers tools for time and labor management, scheduling, employee communications, engagement, surveys, expense management, and other workplace activities.