Paylocity (NASDAQ:PCTY) Price Target Cut to $150.00 by Analysts at BTIG Research

Paylocity (NASDAQ:PCTY) had its price objective cut by BTIG Research from $180.00 to $150.00 in a report issued on Friday, Marketbeat Ratings reports. They currently have a buy rating on the software maker’s stock.

Several other equities research analysts have also recently weighed in on PCTY. Jefferies Financial Group dropped their price target on shares of Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Zacks Research upgraded shares of Paylocity from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings downgraded Paylocity from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 27th. Guggenheim upgraded Paylocity from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Monday, November 10th. Finally, Citizens Jmp cut their price objective on Paylocity from $270.00 to $245.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 5th. Sixteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.14.

Paylocity Trading Down 7.2%

Shares of NASDAQ:PCTY opened at $117.85 on Friday. The stock has a market capitalization of $6.41 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.74 and a beta of 0.54. The stock’s 50-day moving average price is $145.27 and its 200-day moving average price is $156.88. Paylocity has a 12-month low of $113.70 and a 12-month high of $223.80.

Paylocity (NASDAQ:PCTY) last issued its earnings results on Thursday, February 5th. The software maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.28. Paylocity had a return on equity of 23.03% and a net margin of 14.19%.The company had revenue of $416.13 million during the quarter, compared to analysts’ expectations of $408.37 million. During the same period in the prior year, the business posted $1.52 EPS. Paylocity’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Paylocity will post 4.36 EPS for the current year.

Insider Activity at Paylocity

In related news, CFO Ryan Glenn sold 1,737 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total transaction of $249,520.05. Following the sale, the chief financial officer owned 77,229 shares of the company’s stock, valued at $11,093,945.85. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 19.40% of the company’s stock.

Institutional Trading of Paylocity

A number of hedge funds have recently made changes to their positions in PCTY. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Paylocity by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker’s stock valued at $25,551,000 after buying an additional 7,594 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Paylocity by 24.5% during the first quarter. Focus Partners Wealth now owns 1,365 shares of the software maker’s stock valued at $256,000 after acquiring an additional 269 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Paylocity by 30.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 13,700 shares of the software maker’s stock worth $2,482,000 after purchasing an additional 3,200 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Paylocity by 32.9% in the 2nd quarter. Vontobel Holding Ltd. now owns 3,244 shares of the software maker’s stock worth $588,000 after purchasing an additional 803 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Paylocity by 248.5% in the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock worth $61,000 after purchasing an additional 241 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

Trending Headlines about Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Q2 beat — Paylocity reported EPS of $1.85 vs. $1.57 expected and total revenue of $416.1M (up 10.4% YoY), showing solid recurring-revenue growth that supports long-term profitability. GlobeNewswire Q2 Press Release
• Positive Sentiment: Strong cash flow and buybacks — trailing‑12‑month operating cash flow and free‑cash‑flow margins remain robust; company repurchased $100M (~690k shares) in Q2 and ~$600M (~3.7M shares) since May 2024, supporting EPS and shareholder returns. GlobeNewswire Q2 Press Release
• Positive Sentiment: Product and distribution drivers — management highlighted product expansion and growth through the broker channel as sources of upside to bookings and longer‑term revenue. MSN deep dive
• Neutral Sentiment: Earnings materials available — full slide deck and call transcript provide more detail on client metrics and product road map for investors who want to dig into assumptions. MarketBeat earnings packet Seeking Alpha transcript
• Negative Sentiment: Guidance disappointed — management’s FY26 and Q3 revenue guidance came in below consensus (Q3 guidance midpoint well under street estimates), which is the main near‑term catalyst behind the selloff as it suggests slower near‑term top‑line momentum. MarketBeat guidance summary
• Negative Sentiment: Analyst price‑target cuts — multiple firms (Citigroup, Truist, Citizens JMP, Mizuho, BTIG, BMO) reduced targets today (ratings largely remain buy/outperform), trimming upside and adding near‑term selling pressure despite retained positive views. Benzinga coverage

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.