Truist Securities Reiterates Buy Rating on Paylocity
Truist Securities maintains its buy rating on Paylocity with a $165 price target, a 57.85% upside from the current price.
Key Points
- Truist Securities reiterated its buy rating on Paylocity Holding Corporation (NasdaqGS: PCTY) with a $165 price target.
- Truist Securities's $165 price target implies 57.85% upside from Paylocity Holding Corporation's ($PCTY) current $104.53 share price.
- Shares of Paylocity traded near $106.35 on Monday, with a market cap of $5.69 billion and a P/E ratio of 22.72.
- Insider transactions include planned sales by executives, and analysts maintain positive ratings, reflecting ongoing confidence.
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Truist Securities has reiterated its buy rating on Paylocity Holding Corporation (NasdaqGS: PCTY) with a price target of $165. This update was released on June 29, 2026, by analyst Terry Tillman, signaling continued confidence in the company's prospects.
Truist Securities vs. the S&P 500
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Paylocity Holding Corporation Stock Down 33.8%
Shares of Paylocity traded near $106.35 on Monday. The company, with a market cap of approximately $5.69 billion, has a P/E ratio of 22.72 and a forward P/E of 12.22. Paylocity's beta is 0.505, indicating lower volatility compared to the market. Its 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.
Recent Earnings
Paylocity reported revenue of about $1.73 billion, reflecting a 10.5% growth. The company achieved an EPS of $4.68, with a net margin of 14.94% and a return on equity of 21.60%. The next earnings report is expected on August 4, 2026.
Insider Buying and Selling at Paylocity Holding Corporation
Recent insider transactions at Paylocity include planned sales by several executives. On June 4, 2026, Andrew Cappotelli, Sr Vice President Operations, sold 70 shares at an average price of $116.35. Earlier, on June 1, 2026, Chief Financial Officer Glenn Ryan sold 1,034 shares at $117.55 as part of a planned sale. These sales are part of routine financial planning and do not necessarily indicate negative sentiment.
Analysts Set New Price Targets
On June 29, 2026, Truist Securities maintained its buy rating on Paylocity with a $165 price target. TD Cowen and Citigroup also maintained buy ratings with targets of $137 and $136, respectively. The consensus rating remains strong buy, with a target mean price of $153.21 based on 19 analyst opinions.
About Paylocity
Paylocity Holding Corporation provides cloud-based human capital management and payroll software. Headquartered in Schaumburg, Illinois, the company serves a wide range of industries, offering solutions from payroll and HR services to talent management and financial solutions. Founded in 1997, Paylocity employs around 6,700 people and is led by CEO Toby J. Williams.
Bottom Line
Truist Securities' reiteration of a buy rating on Paylocity with a $165 target underscores ongoing confidence in the company's growth potential. With its diverse range of cloud-based solutions and strong financial performance, Paylocity remains a key player in the HR and payroll software industry. As always, it's important to remember that analyst ratings are only one piece of the puzzle, and individual investment decisions should consider a wide array of factors.
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