TD Cowen Rates Paylocity (PCTY) buy, $137 Price Target

TD Cowen has reiterated its buy rating on PCTY, setting a price target of $137. This reaffirmation came on June 26, 2026, as the stock traded near $100.48 on Friday.

Other Institutional Activity in PCTY

BlackRock, Inc. grew its holdings by 194,311 shares, ending with 4,387,826 shares worth about $474.1 million, marking a 4.6% increase. T. Rowe Price Investment Management, Inc. added 269,212 shares, resulting in 4,040,187 shares valued at approximately $436.5 million, a 7.1% boost. Vanguard Portfolio Management LLC opened a new position with 2,179,082 shares valued at $235.4 million. Similarly, Vanguard Capital Management LLC initiated a stake of 1,953,755 shares worth $211.1 million. Citadel Advisors LLC trimmed its position slightly by 16,821 shares, leaving it with 1,725,680 shares valued at $186.4 million, a decrease of 1.0%.

Insider Buying and Selling at Paylocity Holding Corporation

Several insiders at PCTY have sold shares recently. Andrew Cappotelli, the Senior Vice President of Operations, sold shares on multiple occasions, including 70 shares at $116.35 on June 4, 2026, under a planned sale. On June 1, 2026, he sold 59 shares at $114.93. Ryan Glenn, Chief Financial Officer, sold 1,034 shares at $117.55 on June 1, 2026, also planned. Earlier, on May 15, 2026, he sold 2,436 shares at $103.93 in an unplanned transaction. Nicholas Rost, VP CAO & Treasurer, sold 521 shares at $115.05 on May 19, 2026, in a planned sale.

Analysts Set New Price Targets

On June 26, 2026, TD Cowen maintained its buy rating for PCTY with a price target of $137. Earlier, Citigroup maintained a buy rating with a $136 target on May 11, 2026. Barclays held a rating of hold with a target of $128 on the same day. UBS maintained a hold rating with a $115 target on May 8, 2026, while Citizens set a buy rating with a $150 target. The consensus among analysts is a buy recommendation, with an average target price reflecting optimism.

Bottom Line

TD Cowen's reaffirmation of a buy rating for PCTY, along with a $137 price target, underscores ongoing confidence in the company's prospects. Institutional investors have shown varied interest, with significant new positions and some reductions. Insider sales appear to be planned moves rather than sudden exits, aligning with standard financial practices. As always, remember that analyst ratings and insider transactions are just pieces of the puzzle, and it's important to consider a wide range of data when evaluating stock performance.