Paylocity (NASDAQ:PCTY) Upgraded to “Buy” at Wall Street Zen

Posted by Brenda Bartman on Sep 20th, 2026

Wall Street Zen upgraded shares of Paylocity (NASDAQ:PCTY – Free Report) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Jefferies Financial Group reissued a “buy” rating and issued a $165.00 price target on shares of Paylocity in a report on Wednesday, August 5th. Zacks Research downgraded shares of Paylocity from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Barclays upped their price objective on shares of Paylocity from $128.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. BMO Capital Markets increased their target price on shares of Paylocity from $143.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.53.

Check Out Our Latest Stock Analysis on PCTY

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $143.73 on Friday. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 29.04 and a beta of 0.45. The business has a 50 day moving average price of $143.06 and a 200 day moving average price of $120.56. 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 has a twelve month low of $92.99 and a twelve month high of $169.56.

Paylocity (NASDAQ:PCTY – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, topping the consensus estimate of $1.62 by $0.22. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The company had revenue of $444.73 million for the quarter, compared to the consensus estimate of $431.46 million. During the same period in the previous year, the business posted $1.56 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts predict that Paylocity will post 6.92 earnings per share for the current year.

Insider Buying and Selling at Paylocity

In related news, Director Craig Conway sold 3,145 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $156.80, for a total value of $493,136.00. Following the completion of the transaction, the director owned 2,207 shares of the company’s stock, valued at $346,057.60. This represents a 58.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth B. Robinson sold 800 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $158.41, for a total transaction of $126,728.00. Following the transaction, the director owned 6,745 shares of the company’s stock, valued at approximately $1,068,475.45. This represents a 10.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 54,214 shares of company stock worth $8,322,580 in the last 90 days. 19.40% of the stock is currently owned by insiders.

Institutional Trading of Paylocity

Several institutional investors have recently bought and sold shares of PCTY. Optiver Holding B.V. raised its stake in Paylocity by 5,925.0% during the first quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after acquiring an additional 237 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Paylocity in the second quarter valued at approximately $27,000. Basecamp Wealth Advisors LLC boosted its stake in Paylocity by 4,250.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock worth $28,000 after purchasing an additional 255 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Paylocity during the fourth quarter worth approximately $45,000. Finally, Elevation Wealth Partners LLC lifted its position in Paylocity by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker’s stock valued at $36,000 after purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Company Profile

(Get Free Report)

Paylocity Holding Corporation is a provider of cloud-based human capital management (HCM) and workforce management software. Its platform is designed to help organizations manage payroll, human resources, employee benefits, talent, compliance and workforce operations through a unified system.

The company’s products and services include payroll processing, time and labor management, benefits administration, recruiting, onboarding, performance management, employee surveys and workplace communication tools.