Voya Investment Management LLC Has $8.34 Million Stock Holdings in Paylocity Holding Corporation $PCTY

Voya Investment Management LLC increased its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 62.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,516 shares of the software maker’s stock after acquiring an additional 17,118 shares during the period. Voya Investment Management LLC owned about 0.08% of Paylocity worth $8,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Focus Partners Wealth acquired a new position in shares of Paylocity in the 4th quarter worth approximately $219,000. Millennium Management LLC grew its position in Paylocity by 8.8% in the fourth quarter. Millennium Management LLC now owns 113,475 shares of the software maker’s stock valued at $22,635,000 after acquiring an additional 9,151 shares during the period. Nuveen Asset Management LLC raised its stake in Paylocity by 11.0% during the fourth quarter. Nuveen Asset Management LLC now owns 104,381 shares of the software maker’s stock worth $20,821,000 after acquiring an additional 10,321 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Paylocity by 6.3% during the fourth quarter. ProShare Advisors LLC now owns 2,171 shares of the software maker’s stock valued at $433,000 after acquiring an additional 128 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in shares of Paylocity by 13.8% in the 4th quarter. Rafferty Asset Management LLC now owns 1,453 shares of the software maker’s stock valued at $290,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the sale, the senior vice president owned 11,953 shares of the company’s stock, valued at approximately $2,112,573.22. The trade was a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.91% of the company’s stock.

Paylocity Stock Down 0.3%

NASDAQ PCTY opened at $165.38 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. Paylocity Holding Corporation has a 52 week low of $159.64 and a 52 week high of $223.80. The stock has a market capitalization of $9.12 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 3.16 and a beta of 0.51. The stock has a fifty day moving average of $178.68 and a 200-day moving average of $184.82.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. The business had revenue of $400.74 million for the quarter, compared to analysts’ expectations of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts forecast that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup cut their price target on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a report on Monday, July 21st. Jefferies Financial Group cut their target price on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Needham & Company LLC restated a “buy” rating and set a $250.00 price target on shares of Paylocity in a research report on Friday, July 18th. Stephens began coverage on Paylocity in a research report on Monday, July 21st. They issued an “equal weight” rating and a $200.00 price objective for the company. Finally, UBS Group reduced their price objective on Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.59.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.