Paylocity (NASDAQ:PCTY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Paylocity (NASDAQ:PCTY) from a strong sell rating to a hold rating in a report released on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Raymond James Financial set a $220.00 price objective on Paylocity and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Jefferies Financial Group dropped their price objective on Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of Paylocity in a research note on Friday, July 18th. BMO Capital Markets upped their price target on Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Citigroup dropped their price target on Paylocity from $225.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $222.71.

Paylocity Stock Down 1.3%

Shares of NASDAQ:PCTY opened at $169.68 on Thursday. The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of 42.31, a P/E/G ratio of 3.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50-day moving average is $179.79 and its 200-day moving average is $185.58. Paylocity has a 1 year low of $154.91 and a 1 year high of $223.80.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts predict that Paylocity will post 4.36 earnings per share for the current year.

Insider Buying and Selling

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the sale, the senior vice president directly owned 11,953 shares of the company’s stock, valued at approximately $2,112,573.22. The trade was a 12.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.91% of the company’s stock.

Institutional Trading of Paylocity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCTY. TCTC Holdings LLC increased its holdings in Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. USA Financial Formulas bought a new stake in Paylocity during the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. increased its holdings in Paylocity by 47.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock worth $46,000 after purchasing an additional 81 shares in the last quarter. Hughes Financial Services LLC bought a new stake in Paylocity during the 1st quarter worth approximately $48,000. Finally, Employees Retirement System of Texas bought a new position in shares of Paylocity in the second quarter valued at approximately $51,000. 94.76% of the stock is 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.