Paylocity (NASDAQ:PCTY) Given New $180.00 Price Target at Truist Financial

Paylocity (NASDAQ:PCTY) had its price target lowered by research analysts at Truist Financial from $240.00 to $180.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Truist Financial’s price objective points to a potential upside of 53.09% from the company’s previous close.

Several other equities analysts have also weighed in on PCTY. BTIG Research cut their target price on Paylocity from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. Guggenheim upgraded shares of Paylocity from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Monday, November 10th. JMP Securities set a $245.00 price objective on shares of Paylocity in a research report on Wednesday, November 5th. Citizens Jmp lowered their target price on shares of Paylocity from $245.00 to $170.00 and set a “market outperform” rating for the company in a research note on Friday. Finally, Mizuho cut their price target on shares of Paylocity from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday. Sixteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Paylocity has a consensus rating of “Moderate Buy” and a consensus target price of $182.80.

Paylocity Price Performance

Paylocity stock traded down $9.47 during mid-day trading on Friday, hitting $117.58. The company’s stock had a trading volume of 692,502 shares, compared to its average volume of 699,520. Paylocity has a 52-week low of $113.70 and a 52-week high of $223.80. The company has a market cap of $6.39 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54. The firm’s 50 day moving average is $145.86 and its 200 day moving average is $157.32.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The business had revenue of $408.17 million during the quarter, compared to analyst estimates of $399.53 million. During the same period in the prior year, the firm earned $1.66 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, analysts forecast that Paylocity will post 4.36 EPS for the current year.

Insider Buying and Selling at Paylocity

In other news, CFO Ryan Glenn sold 1,737 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total value of $249,520.05. Following the transaction, the chief financial officer owned 77,229 shares in the company, valued at approximately $11,093,945.85. The trade was a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.40% of the company’s stock.

Hedge Funds Weigh In On Paylocity

Large investors have recently added to or reduced their stakes in the business. Amiral Gestion boosted its stake in shares of Paylocity by 37.6% in the 3rd quarter. Amiral Gestion now owns 84,703 shares of the software maker’s stock worth $13,491,000 after buying an additional 23,162 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Paylocity during the 2nd quarter worth $6,877,000. Prudential Financial Inc. boosted its holdings in shares of Paylocity by 342.1% in the 2nd quarter. Prudential Financial Inc. now owns 68,883 shares of the software maker’s stock worth $12,481,000 after buying an additional 53,302 shares during the last quarter. Sawgrass Asset Management LLC bought a new position in Paylocity during the third quarter valued at about $9,156,000. Finally, Hussman Strategic Advisors Inc. bought a new stake in Paylocity in the second quarter worth about $2,283,000. 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: Q2 results beat Street expectations: Paylocity reported EPS of $1.85 (vs. ~$1.57 est.) and revenue of $416.1M (up ~10% y/y), showing continued top‑line growth that supports long‑term fundamentals. GlobeNewswire: Q2 Results
• Positive Sentiment: Strong cash generation and buybacks: Paylocity highlighted robust cash flow margins and repurchased ~$100M in Q2 (about 690k shares), part of ~$600M repurchased since May 2024 — a shareholder‑friendly use of cash. GlobeNewswire: Cash Flow & Buybacks
• Neutral Sentiment: Analysts maintained buy/outperform stances even after trimming targets — suggests confidence in long‑run story despite nearer‑term concerns. The Fly: Analyst Notes
• Neutral Sentiment: Earnings call transcripts and market writeups are available for investors who want management’s color on results, AI initiatives and margin drivers. Seeking Alpha: Q2 Call Transcript
• Negative Sentiment: Guidance disappointed: Paylocity’s FY‑26 and Q3 revenue range came in below consensus (company cited ~$1.6B FY revenue vs. ~ $1.7B consensus and lower Q3 revenue guidance), which investors view as a nearer‑term growth slowdown risk. Investing.com: Guidance Concerns
• Negative Sentiment: Multiple price‑target cuts (Mizuho, BTIG, BMO lowered targets to ~$150 from $180–185) amplified selling pressure despite those firms keeping buy/outperform ratings. The Fly: PT Cuts

Paylocity Company Profile

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.