BTIG Raises Paylocity (PCTY) Price Target to $200
Key Points
- BTIG lifted its price target for Paylocity to $200, which is a 11.1% increase from the previous target of $180.
- BTIG's $200 price target implies 12.87% upside from Paylocity Holding Corporation's ($PCTY) current $177.19 share price.
- Paylocity's stock recently traded around $177.19, which is about equal to its closing price of $177.19 on October 23, 2026.
- Analysts currently have a consensus rating of 'strong buy' on Paylocity, with a mean target price of $175.85.
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On October 26, 2026, BTIG raised its price target on Paylocity Holding Corporation (PCTY) to $200 from $180 while maintaining a Buy rating. This change reflects the firm's confidence in Paylocity's performance and future growth potential. The information comes from BTIG's research note dated the same day.
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BTIG's Call on Paylocity
BTIG's new price target of $200 represents an 11.1% increase from the prior target of $180. The firm believes Paylocity's strong business fundamentals justify this adjustment. The stock is currently trading around $177.19, which is about equal to its closing price of $177.19 on October 23, 2026. This suggests that the stock is well-positioned within its recent trading range.
Other Institutional Activity in Paylocity
AQR Capital Management, LLC increased its stake in Paylocity by 1,217,371 shares, bringing its total holdings to 2,352,978 shares valued at approximately $416.9 million. Meanwhile, Citadel Advisors LLC reduced its position by 226,756 shares, ending with 1,498,936 shares worth about $265.6 million.
Paylocity Holding Corporation Stock Down 0.3%
Recently, Paylocity's stock has been performing well, trading about 16.5% above its 50-day moving average and 40.9% above its 200-day moving average. The stock is currently below its 52-week high of $178.24 by 0.6%, but it is significantly above its 52-week low of $92.99 by 90.5%. This positioning suggests a solid performance trend over the past year.
$PCTY price target
Paylocity Holding Corporation daily closes and this analyst's $200 target. Not advice.
Recent Earnings
Paylocity reported trailing twelve-month revenue of approximately $1.77 billion, reflecting a year-over-year growth rate of 11%. The company's earnings per share (EPS) for the same period stood at $4.92. Paylocity is set to announce its next earnings report on November 5, 2026.
Insider Buying and Selling at Paylocity Holding Corporation
Steven I Sarowitz, a director at Paylocity, sold a total of 16,862 shares across several transactions in October 2026. On October 20, he sold 10,617 shares at an average price of $169.76, totaling about $1.8 million. He also sold 5,744 shares on October 21 for about $978,108. These sales occurred before the recent analyst upgrades.
Analysts Set New Price Targets
On October 26, 2026, BTIG maintained its Buy rating on Paylocity while raising its price target to $200. This follows Guggenheim's similar action on October 23, where they also raised their target to $200 from $180. The consensus among analysts is a strong buy with a mean price target of $175.85.
About Paylocity
Paylocity Holding Corporation is a technology company that provides cloud-based human capital management, finance, and IT software solutions in the United States. Its recent upgrades from analysts reflect confidence in its business model and growth potential within the competitive software industry.
Bottom Line
Investors should keep an eye on Paylocity's next earnings report scheduled for November 5, 2026, as it may provide further insights into the company's performance and growth trajectory. BTIG's recent upgrade and the overall analyst sentiment suggest a positive outlook for the stock.
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Source: BTIG's rating change on $PCTY (Oct 26, 2026). Written by software, not financial advice. How we make alerts