Paylocity (NASDAQ:PCTY) Cut to Hold at Wall Street Zen

Posted by Stanley Muller on Oct 27th, 2026

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

PCTY has been the topic of a number of other reports. BTIG Research lifted their price target on Paylocity from $150.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. KeyCorp boosted their price target on Paylocity from $172.00 to $178.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Citizens Jmp upped their price objective on Paylocity from $150.00 to $180.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Paylocity in a research report on Wednesday, August 5th. Finally, Zacks Research lowered Paylocity from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.88.

View Our Latest Stock Report on Paylocity

Paylocity Price Performance

PCTY stock opened at $176.46 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day moving average price is $152.62 and its 200-day moving average price is $126.31. Paylocity has a one year low of $92.99 and a one year high of $178.53. The company has a market capitalization of $9.21 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.10 and a beta of 0.50.

Paylocity (NASDAQ:PCTY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company had revenue of $444.73 million during the quarter, compared to analyst estimates of $431.46 million. During the same quarter last year, the business posted $1.56 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Paylocity will post 6.92 EPS for the current fiscal year.

Insider Transactions at Paylocity

In other news, Chairman Steven Beauchamp sold 15,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $165.22, for a total value of $2,478,300.00. Following the transaction, the chairman directly owned 1,243,389 shares of the company’s stock, valued at approximately $205,432,730.58. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 12,846 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $176.87, for a total transaction of $2,272,072.02. Following the transaction, the director directly owned 4,377,469 shares of the company’s stock, valued at $774,242,942.03. This represents a 0.29% 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. Over the last 90 days, insiders have sold 140,140 shares of company stock worth $22,863,594. Insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Paylocity

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in shares of Paylocity by 18.9% during the 1st quarter. California State Teachers Retirement System now owns 49,614 shares of the software maker’s stock valued at $5,360,000 after buying an additional 7,891 shares in the last quarter. Deutsche Bank AG acquired a new stake in Paylocity in the 2nd quarter valued at $54,906,000. Hsbc Holdings PLC increased its holdings in Paylocity by 181.7% in the 2nd quarter. Hsbc Holdings PLC now owns 32,688 shares of the software maker’s stock worth $3,411,000 after acquiring an additional 21,083 shares in the last quarter. Ieq Capital LLC purchased a new stake in Paylocity in the 2nd quarter worth $20,119,000. Finally, BlackRock Inc. purchased a new stake in Paylocity in the 2nd quarter worth $430,315,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Company Profile

(Get Free Report)

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.