Paylocity (NASDAQ:PCTY) Earns “Hold (C)” Rating from Weiss Ratings

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

A number of other analysts have also issued reports on the stock. UBS Group cut their price target on shares of Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Barclays lowered their price target on Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday. BMO Capital Markets increased their price objective on Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Cantor Fitzgerald raised Paylocity to a “strong-buy” rating in a report on Thursday, September 11th. Finally, Citigroup cut their price objective on Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.71.

Paylocity Trading Up 0.2%

Shares of PCTY opened at $152.31 on Friday. Paylocity has a 52-week low of $147.60 and a 52-week high of $223.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $165.00 and its two-hundred day moving average is $178.73. The stock has a market cap of $8.40 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.18. The firm had revenue of $400.74 million for 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%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts forecast that Paylocity will post 4.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paylocity

Several hedge funds and other institutional investors have recently bought and sold shares of the business. MGO One Seven LLC increased its holdings in shares of Paylocity by 4.7% in the 3rd quarter. MGO One Seven LLC now owns 2,010 shares of the software maker’s stock valued at $320,000 after acquiring an additional 90 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in Paylocity by 0.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 125,863 shares of the software maker’s stock worth $20,046,000 after acquiring an additional 875 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Paylocity by 1.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,984 shares of the software maker’s stock worth $1,431,000 after acquiring an additional 168 shares during the period. Lecap Asset Management Ltd. raised its stake in shares of Paylocity by 11.2% in the 3rd quarter. Lecap Asset Management Ltd. now owns 8,947 shares of the software maker’s stock worth $1,425,000 after buying an additional 898 shares in the last quarter. Finally, SkyOak Wealth LLC raised its stake in shares of Paylocity by 19.8% in the 3rd quarter. SkyOak Wealth LLC now owns 1,547 shares of the software maker’s stock worth $246,000 after buying an additional 256 shares in the last quarter. 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.