Citizens Jmp Cuts Paylocity (NASDAQ:PCTY) Price Target to $150.00

Paylocity (NASDAQ:PCTY) had its target price cut by Citizens Jmp from $170.00 to $150.00 in a research note published on Friday morning,Benzinga reports. They currently have a market outperform rating on the software maker’s stock.

A number of other brokerages have also weighed in on PCTY. Jefferies Financial Group cut their target price on shares of Paylocity from $180.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. BMO Capital Markets lifted their target price on shares of Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial cut their target price on shares of Paylocity from $240.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Paylocity in a research note on Thursday, January 29th. Finally, Robert W. Baird set a $220.00 target price on shares of Paylocity in a research note on Friday, February 6th. Fourteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.56.

Paylocity Price Performance

PCTY stock opened at $110.98 on Friday. The firm’s 50-day moving average price is $107.07 and its two-hundred day moving average price is $128.85. Paylocity has a 12-month low of $92.99 and a 12-month high of $201.97. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 23.66 and a beta of 0.49. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07.

Paylocity (NASDAQ:PCTY) last announced its earnings results on Thursday, February 5th. The software maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. The firm had revenue of $416.13 million for the quarter, compared to analyst estimates of $408.37 million. Paylocity had a net margin of 14.94% and a return on equity of 25.63%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. As a group, equities analysts predict that Paylocity will post 5.36 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Paylocity by 22.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock valued at $88,459,000 after acquiring an additional 100,400 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Paylocity in the third quarter worth about $2,580,000. Sawgrass Asset Management LLC purchased a new position in Paylocity in the third quarter worth about $9,156,000. Assenagon Asset Management S.A. raised its holdings in Paylocity by 311.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 432,070 shares of the software maker’s stock worth $65,891,000 after buying an additional 327,082 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in Paylocity by 50.7% in the third quarter. Tudor Investment Corp ET AL now owns 83,304 shares of the software maker’s stock worth $13,268,000 after buying an additional 28,016 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

Key Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Paylocity beat Q3 earnings and revenue estimates, reporting $2.89 EPS versus $2.58 expected and $502.3 million in revenue versus $489.9 million expected. Paylocity Announces Third Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: The company’s fourth-quarter revenue guidance of $428.4 million to $433.4 million came in above the consensus estimate of $424.0 million, signaling management expects solid near-term demand. Paylocity Announces Third Quarter Fiscal Year 2026 Financial Results
• Neutral Sentiment: Analysts remained constructive overall, with BMO Capital raising its target to $143 and Citizens JMP lowering its target to $150 while keeping an outperform rating, suggesting upside remains but expectations have been adjusted. Benzinga Tickerreport.com
• Negative Sentiment: Stephens cut its price target sharply to $120 from $160 and reduced its rating to equal weight, reflecting a more cautious view on valuation or growth prospects. Benzinga The Fly

About Paylocity

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.