Paylocity Holding Corporation (NASDAQ:PCTY – Get Free Report) Director Steven Sarowitz sold 441 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $155.00, for a total value of $68,355.00. Following the sale, the director directly owned 4,472,954 shares in the company, valued at $693,307,870. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paylocity Trading Down 0.1%
NASDAQ:PCTY opened at $157.93 on Friday. 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 Holding Corporation has a 1-year low of $92.99 and a 1-year high of $180.86. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 31.91 and a beta of 0.48. The stock has a fifty day simple moving average of $131.32 and a 200 day simple moving average of $116.22.
Paylocity (NASDAQ:PCTY – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.22. The firm had revenue of $444.73 million for the quarter, compared to analysts’ expectations of $431.46 million. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.Paylocity’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. Sell-side analysts forecast that Paylocity Holding Corporation will post 6.92 earnings per share for the current year.
Paylocity News Summary
- Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its FY2027 EPS estimate to $6.33 from $5.98 and its FY2028 forecast to $7.18 from $6.67. It also initiated a FY2029 estimate of $8.28 and increased several quarterly forecasts, signaling improved expectations for Paylocity’s earnings trajectory. Zacks nevertheless maintained a “Hold” rating. Zacks Research comments on Paylocity FY2029 earnings
- Positive Sentiment: AI recruiting traction: Paylocity’s partner HireQuotient highlighted results at Alliance Building Services, where its AI-native recruiting platform reportedly reduced manual recruiting work by 70% and cut time-to-hire by more than half. The customer example supports demand for Paylocity’s integrated human-capital-management ecosystem. Paylocity partners for AI-powered recruiting
- Positive Sentiment: Sector momentum: Paylocity traded higher alongside MongoDB, Datadog, Five9 and Monday.com, suggesting investor appetite for software and technology shares also contributed to the stock’s recent strength. Software stocks trade higher
- Neutral Sentiment: Mixed estimate revisions: Zacks slightly reduced its Q2 2028 EPS forecast to $1.57 from $1.58 and Q4 2027 to $1.39 from $1.43, partly offsetting the broader upward revisions. The current-year consensus remains approximately $6.86 per share.
- Neutral Sentiment: Limited insider sale: Director Steven Sarowitz sold 441 shares for approximately $68,355 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.01%, leaving him with nearly 4.47 million shares, making it unlikely to materially alter investor sentiment. Paylocity director stock sale
- Negative Sentiment: Valuation risk remains: With PCTY trading near its 52-week high and at roughly 32 times earnings, the stock may be vulnerable if future growth slows or estimates are revised lower. Zacks’ continued “Hold” rating reinforces that the improved outlook is not yet a broad-based bullish endorsement.
Institutional Trading of Paylocity
A number of hedge funds have recently made changes to their positions in PCTY. Los Angeles Capital Management LLC purchased a new position in Paylocity during the fourth quarter valued at approximately $30,000. Advisory Services Network LLC purchased a new stake in Paylocity in the 3rd quarter worth approximately $38,000. Optiver Holding B.V. lifted its position in Paylocity by 5,925.0% in the 1st quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after buying an additional 237 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Paylocity during the 2nd quarter valued at $27,000. Finally, Basecamp Wealth Advisors LLC boosted its stake in shares of Paylocity by 4,250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after buying an additional 255 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Citizens Jmp reduced their price target on shares of Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. Barclays raised their price objective on shares of Paylocity from $128.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Stephens cut their target price on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and set a $165.00 target price on shares of Paylocity in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.53.
Read Our Latest Stock Analysis on PCTY
Paylocity Company Profile
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.
In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.
Featured Articles
- Five stocks we like better than Paylocity
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Paylocity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity and related companies with MarketBeat.com's FREE daily email newsletter.
