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

Paylocity (NASDAQ:PCTY) had its price target cut by Mizuho from $180.00 to $150.00 in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have an outperform rating on the software maker’s stock.

Other equities analysts have also recently issued reports about the company. BTIG Research reduced their price objective on Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a report on Friday. Stephens set a $160.00 price target on Paylocity in a research report on Friday, January 16th. Guggenheim upgraded shares of Paylocity from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Monday, November 10th. Citizens Jmp lowered their price objective on shares of Paylocity from $270.00 to $245.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 5th. Finally, Citigroup restated an “outperform” rating on shares of Paylocity in a report on Friday. Sixteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.14.

Paylocity Price Performance

PCTY opened at $117.85 on Friday. Paylocity has a 12 month low of $113.70 and a 12 month high of $223.80. The stock has a market capitalization of $6.41 billion, a P/E ratio of 27.73, a P/E/G ratio of 3.74 and a beta of 0.54. The business has a 50 day simple moving average of $145.27 and a 200-day simple moving average of $156.88.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $416.13 million during the quarter, compared to analysts’ expectations of $408.37 million. During the same quarter in the prior year, the business posted $1.52 earnings per share. Paylocity’s revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Paylocity will post 4.36 EPS for the current year.

Insider Transactions at Paylocity

In other Paylocity news, CFO Ryan Glenn sold 1,737 shares of the firm’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 directly owned 77,229 shares of the company’s stock, valued at $11,093,945.85. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.40% of the company’s stock.

Hedge Funds Weigh In On Paylocity

Several institutional investors and hedge funds have recently modified their holdings of PCTY. Flagship Harbor Advisors LLC acquired a new position in Paylocity in the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $29,000 after purchasing an additional 149 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Paylocity in the third quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Paylocity in the third quarter valued at $41,000. Finally, Allworth Financial LP lifted its position in Paylocity by 88.0% during the third quarter. Allworth Financial LP now owns 282 shares of the software maker’s stock worth $45,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity News Roundup

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.