Paylocity (NASDAQ:PCTY) Hits New 12-Month Low – Should You Sell?

Paylocity Holding Corporation (NASDAQ:PCTY) reached a new 52-week low during trading on Tuesday . The company traded as low as $137.57 and last traded at $140.81, with a volume of 865938 shares traded. The stock had previously closed at $141.27.

Analysts Set New Price Targets

A number of research firms have recently commented on PCTY. Guggenheim began coverage on shares of Paylocity in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. Cowen reissued a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. KeyCorp boosted their target price on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Raymond James Financial set a $220.00 price target on shares of Paylocity and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets cut their price target on shares of Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $209.47.

Paylocity Trading Up 4.4%

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The firm’s 50 day simple moving average is $159.28 and its two-hundred day simple moving average is $176.33. The stock has a market cap of $7.91 billion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 2.68 and a beta of 0.58.

Paylocity (NASDAQ:PCTY) last released its earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 21.61%. The firm had revenue of $408.17 million during the quarter, compared to analyst estimates of $399.53 million. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities research analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paylocity

Several institutional investors have recently modified their holdings of PCTY. TCTC Holdings LLC grew its position in shares of Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after acquiring an additional 80 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Paylocity during the third quarter worth about $41,000. SBI Securities Co. Ltd. grew its position in shares of Paylocity by 47.4% during the second quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock worth $46,000 after acquiring an additional 81 shares during the last quarter. True Wealth Design LLC grew its position in shares of Paylocity by 155.4% during the third quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $46,000 after acquiring an additional 174 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in shares of Paylocity by 14,800.0% during the third quarter. SJS Investment Consulting Inc. now owns 298 shares of the software maker’s stock worth $47,000 after acquiring an additional 296 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Company Profile

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.