Guggenheim Raises Paylocity (PCTY) Price Target to $200
Key Points
- Guggenheim reiterated its Buy rating on Paylocity Holding Corporation on October 23, 2026, lifting its price target from $180.00 to $200.00.
- Guggenheim's $200 price target implies 12.57% upside from Paylocity Holding Corporation's ($PCTY) current $177.67 share price.
- Paylocity recently traded around $177.67, sitting roughly 11.2% below the new $200 target set by Guggenheim.
- The company trades well above its 50-day moving average of $151.57 and its 200-day moving average of $125.64.
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Guggenheim maintained its Buy rating on Paylocity Holding Corporation on October 23, 2026, while raising its price target from $180.00 to $200.00. The update arrived as the cloud-based software provider traded close to its 52-week peak. Guggenheim's updated target signals room for further gains as shares push toward the upper end of their yearly range.
PCTY
Paylocity Holding Corporation
Guggenheim vs. the S&P 500
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Guggenheim's Call on Paylocity Holding
On October 23, 2026, Guggenheim kept its Buy rating on Paylocity Holding Corporation and moved its price target up from $180.00 to $200.00. Other firms have also adjusted their views on the stock recently. On August 6, 2026, Barclays maintained an Equal-Weight rating and lifted its target from $128.00 to $154.00, followed by another update on October 13, 2026, taking the target to $162.00. TD Cowen maintained a Buy rating on August 20, 2026, raising its target from $168.00 to $177.00. Citizens kept a Market Outperform rating on October 20, 2026, pushing its target from $150.00 to $180.00. Across 20 analyst opinions, the stock holds a consensus recommendation of strong buy.
Other Institutional Activity in Paylocity Holding
AQR Capital Management, LLC grew its holdings by 1,217,371 shares, ending with 2,352,978 shares worth about $415,782,981.00. Citadel Advisors Llc reduced its stake by 226,756 shares, ending with 1,498,936 shares valued at approximately $264,869,488.00.
Paylocity Holding Corporation Stock Up 4.9%
Paylocity recently traded around $177.67 as of October 23, 2026, up about 0.5% from its event-day close of $176.71. The stock is positioned roughly 11.2% below Guggenheim's new $200.00 target and sits just 0.3% under its 52-week high of $178.13. Meanwhile, shares trade far above their 50-day moving average of $151.57 and their 200-day moving average of $125.64.
$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 $1.77 billion alongside basic earnings of $4.92 per share. Profitability metrics include a net profit margin of 15.2% and a return on equity of 22.0%. The company has scheduled its next earnings release for November 5, 2026.
Insider Buying and Selling at Paylocity Holding Corporation
Insiders completed several transactions leading up to the announcement. On September 15, 2026, Steven Raymond Beauchamp sold 15,000 shares valued at $2,207,661.00. Steven I Sarowitz sold 5,500 shares for $913,279.00 on October 16, 2026, followed by a planned sale of 10,445 shares at $166.26 each for a total of $1,736,585.70 on October 19, 2026, and another planned sale of 10,617 shares at $169.76 each totaling $1,802,346.17 on October 20, 2026.
About Paylocity Holding
Paylocity Holding Corporation builds cloud-based human capital management, finance, and IT software solutions for businesses in the United States. The company helps organizations handle payroll, benefits, and everyday workforce tasks through digital platforms. Analyst interest centers on how effectively the firm scales its software offerings in a competitive market.
Bottom Line
Investors will look toward Paylocity's upcoming earnings report on November 5, 2026, for further insight into revenue trends. Guggenheim's higher target points to steady confidence in the software maker's growth path.
Related Filing Alerts
Source: Guggenheim's rating change on $PCTY (Oct 23, 2026). Written by software, not financial advice. How we make alerts