Stock Price & Analysis

Based on the recent technical indicators and analyst sentiment, PCTY shows a bullish trend with strong momentum. The stock closed at $211.61 with a 2.80% gain today, trading above both its 20-day ($203.02) and 60-day ($202.39) moving averages. The RSI-14 at 59.25 indicates room for further upside while staying below overbought levels.

Multiple analysts have recently raised their price targets, with a consensus showing significant upside potential:

• JMP Securities raised target to $270 (31.17% upside)
• Raymond James increased to $265 (28.74% upside)
• Multiple firms including Needham, KeyBanc, and Stifel raised targets to $250 (21.45% upside)

The stock is currently trading near its Fibonacci pivot point of $210.20, with immediate resistance at $219.59. A break above this level could signal further upside momentum.

The stock appears to be a buy at current levels based on:

1. Strong technical setup with price above key moving averages
2. Positive analyst sentiment with multiple recent upgrades
3. Healthy RSI levels indicating momentum without being overbought

Based on recent analyst reports and technical analysis, PCTY stock is projected to reach $250-270 by end of 2025, supported by strong Q2 2025 results and raised FY25 guidance. The stock shows positive momentum with multiple analysts raising price targets, including KeyBanc ($250), JMP Securities ($270), and Barclays ($231), reflecting confidence in Paylocity's execution and stable macro environment.

The company's strong Q2 EPS of $1.52 (vs $1.43 consensus) and increased FY25 revenue guidance to $1.56B-$1.57B demonstrate robust growth trajectory.

The S1 support level for PCTY Stock is $200.8 ,The R1 resistant level for PCTY Stock is $219.59.

As of the end of day on 2025-02-11, the price of PCTY Stock was $211.6.

The target price for PCTY Stock according to analyst rating is 244.42, with the highest price target at 270.00 and the lowest at 225.00. Analysts have a Strong Buy rating on PCTY Stock overall.

The market cap of PCTY is $11.8B.

Based on the provided data and recent analyst updates, here's a concise analysis of PCTY's valuation:

PCTY currently trades at a P/E of 51.25x, which appears elevated compared to historical levels. The stock's valuation metrics show a mixed trend with EV/EBITDA at 29.19x and P/S ratio at 7.56x for Q2 2025.

Recent analyst actions strongly suggest the stock is fairly valued at current levels. Multiple analysts including Needham, Keybanc, and JMP Securities have raised their price targets to $250-270 range, implying 21-31% upside potential from current levels.

The stock's recent performance and analyst consensus indicate PCTY is not significantly overvalued given its strong execution and growth prospects, particularly following its strategic Airbase acquisition and positive FY25 guidance.

Paylocity Holding Corporation is a cloud-based provider of human capital management (HCM) and payroll software solutions. The Company’s services are provided in a software-as-a-service (SaaS) delivery mode. Its HCM and payroll software solutions deliver a unified platform for the modern workplace. It offers a product suite that helps businesses attract and retain talent, build culture and connections with their employees and streamline and automate Human Resources (HR) and payroll processes. The Company's product suite comprises payroll, human resources, time & labor, talent, benefits, employee experiences, insights & recommendations, implementation and training services and tax and regulatory services. Its software solutions offer its clients automated data integration with third-party partner systems in its Integration Marketplace, such as 401(k), benefits and insurance provider systems. It provides its SaaS solutions to approximately 36,200 clients across the United States.

Based on analyst projections and technical analysis, Paylocity (PCTY) stock is expected to reach $285-300 by 2030, driven by strong execution in cloud payroll solutions and recent strategic acquisitions like Airbase. Multiple analysts have recently raised price targets, with JMP Securities setting a $270 target and Raymond James a $265 target, indicating strong growth trajectory. The company's solid financial performance, with FY25 revenue guidance of $1.56B-$1.57B exceeding consensus estimates, supports this long-term bullish outlook.

PCTY has a total of 6100 employees.