Stock Price & Analysis

Buy PCTY stock as analysts have raised price targets and the company reported strong Q2 results with positive FY25 guidance.

Paylocity (PCTY) stock is predicted to reach a price target of $255 by the end of 2025, driven by strong Q2 results and positive FY25 guidance. Analysts have raised their targets, with KeyBanc at $250 and JMP Securities at $270, reflecting confidence in the company's execution and stable macro conditions. The stock is expected to trend upward, supported by its strong financial outlook and analyst upgrades.

The S1 support level for PCTY Stock is $182.55 ,The R1 resistant level for PCTY Stock is $194.35.

As of the end of day on 2025-03-24, the price of PCTY Stock was $195.43.

The target price for PCTY Stock according to analyst rating is 248.07, 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 $10.7B.

PCTY appears overvalued based on its current valuation metrics and financial performance. Its PE ratio of 51.25 and EV/EBITDA of 29.19 are significantly higher than industry averages, suggesting elevated valuations. The stock trades at 7.56x revenue (PS ratio) and 9.51x book value (PB ratio), further indicating premium pricing. While PCTY has shown revenue growth and strong margins, its net income growth has slowed recently. Analysts have mixed sentiment, with some raising targets but others maintaining hold ratings. Insider selling activity has also increased, potentially signaling caution. Overall, while PCTY has strong fundamentals, its valuation metrics and insider activity suggest it may be overvalued currently.

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 current trends and analyst expectations, Paylocity Holding Corp (PCTY) is predicted to reach a stock price of $300 by 2030. This forecast is supported by strong revenue growth, with FY2024 revenue at $1.4 billion, and positive analyst upgrades, with price targets ranging up to $270. The company's solid financial performance and strategic acquisitions position it for sustained growth.

PCTY has a total of 6100 employees.