TD Cowen Reiterates Buy Rating on Paylocity
TD Cowen maintains its buy rating on Paylocity with a $137 price target, a 31.06% upside from the current price.
Key Points
- TD Cowen reiterated its buy rating on Paylocity Holding Corporation, setting a price target of $137.
- TD Cowen's $137 price target implies 31.06% upside from Paylocity Holding Corporation's ($PCTY) current $104.53 share price.
- Paylocity shares traded near $100.48 on Saturday, with a market cap of $5.69 billion and a P/E ratio of 22.7.
- Insider transactions included planned sales by executives, while analysts from Citigroup and Citizens also maintained buy ratings.
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TD Cowen has reiterated its buy rating on Paylocity Holding Corporation (NasdaqGS: PCTY) with a price target of $137. This update came on June 26, 2026, as the firm continues to see potential in the cloud-based human capital management solutions provider.
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Analysts Set New Price Targets
On June 26, 2026, TD Cowen maintained its buy rating on Paylocity, setting a price target of $137. Other analysts have shown similar confidence; Citigroup maintained its buy rating with a $136 target on May 11, 2026, while Citizens set a target of $150 on May 8, 2026. Barclays and UBS maintained hold ratings with targets of $128 and $115, respectively.
Paylocity Holding Corporation Stock Down 33.8%
Shares of Paylocity traded near $100.48 on Saturday. The company has a market cap of approximately $5.69 billion and a P/E ratio of 22.7. Its forward P/E ratio stands at 12.2, reflecting expectations of future earnings growth. Paylocity's 52-week range spans from $92.99 to $197.78, with a 50-day moving average of $107.56 and a 200-day moving average of $129.44.
$PCTY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Paylocity Holding Corporation
Recent insider activity at Paylocity included several planned sales. On June 4, 2026, Senior Vice President of Operations Andrew Cappotelli sold 70 shares at an average price of $116.35 under a pre-arranged 10b5-1 plan. Chief Financial Officer Ryan Glenn sold 1,034 shares at $117.55 on June 1, 2026, also under a planned sale. These transactions are part of routine financial planning and do not necessarily indicate a lack of confidence in the company.
About Paylocity
Paylocity Holding Corporation, based in Schaumburg, Illinois, provides cloud-based software solutions for human capital management and payroll. It serves a wide range of industries, offering services like payroll processing, HR solutions, time and labor management, and talent management. Founded in 1997, the company aims to streamline workforce management through its innovative platforms.
Bottom Line
Paylocity remains a focal point for investors, especially with TD Cowen's reaffirmed buy rating and $137 target. The company's stock performance and analyst backing underscore its potential in the tech-driven HR solutions market. As with all 13F filings and analyst reports, these ratings reflect past and current positions and expectations, not necessarily future outcomes.
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