Paylocity (NASDAQ:PCTY) Given New $120.00 Price Target at Stephens

Paylocity (NASDAQ:PCTY) had its target price decreased by Stephens from $160.00 to $120.00 in a report issued on Friday morning, Marketbeat.com reports. Stephens currently has an equal weight rating on the software maker’s stock.

PCTY has been the subject of several other reports. Mizuho decreased their target price on Paylocity from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Paylocity in a report on Friday, April 24th. Citigroup restated an “outperform” rating on shares of Paylocity in a research report on Friday, February 6th. Stifel Nicolaus decreased their price objective on Paylocity from $188.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Truist Financial lowered their price objective on Paylocity from $240.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Fourteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and a consensus price target of $161.39.

Paylocity Stock Up 1.7%

Paylocity stock opened at $110.98 on Friday. The stock has a market cap of $5.98 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 3.16 and a beta of 0.49. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.04 and a current ratio of 1.04. Paylocity has a one year low of $92.99 and a one year high of $201.97. The stock has a fifty day moving average of $107.07 and a 200 day moving average of $128.85.

Paylocity (NASDAQ:PCTY) last announced its earnings results on Thursday, February 5th. The software maker reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. The business had revenue of $416.13 million during the quarter, compared to analysts’ expectations of $408.37 million. Paylocity had a net margin of 14.94% and a return on equity of 25.83%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 earnings per share. As a group, sell-side analysts predict that Paylocity will post 5.31 EPS for the current year.

Hedge Funds Weigh In On Paylocity

A number of hedge funds have recently made changes to their positions in PCTY. Flagship Harbor Advisors LLC bought a new stake in shares of Paylocity during the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Paylocity by 363.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 149 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Paylocity in the fourth quarter worth about $30,000. Advisory Services Network LLC purchased a new stake in shares of Paylocity in the third quarter worth about $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Paylocity in the third quarter worth about $41,000. Institutional investors own 94.76% of the company’s stock.

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.