Fifth Third Bancorp Has $864,000 Position in Paylocity Holding Corporation $PCTY

Fifth Third Bancorp lowered its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,770 shares of the software maker’s stock after selling 441 shares during the quarter. Fifth Third Bancorp’s holdings in Paylocity were worth $864,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PCTY. Vanguard Group Inc. grew its position in Paylocity by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock valued at $807,966,000 after purchasing an additional 283,430 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Paylocity during the 1st quarter valued at $47,998,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Paylocity by 1,995.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock valued at $47,073,000 after acquiring an additional 247,400 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in Paylocity during the 1st quarter valued at $37,085,000. Finally, American Century Companies Inc. lifted its stake in Paylocity by 47.0% during the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock valued at $96,329,000 after acquiring an additional 164,397 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Paylocity from $225.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. Cantor Fitzgerald upgraded Paylocity to a “strong-buy” rating in a research note on Thursday, September 11th. Stephens assumed coverage on Paylocity in a research note on Monday, July 21st. They set an “equal weight” rating and a $200.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Paylocity in a research note on Friday, July 18th. Finally, BMO Capital Markets raised their price objective on Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $221.59.

Paylocity Trading Down 0.1%

NASDAQ PCTY opened at $163.69 on Monday. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 3.12 and a beta of 0.51. Paylocity Holding Corporation has a one year low of $159.96 and a one year high of $223.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The business’s fifty day moving average is $176.25 and its 200-day moving average is $183.34.

Paylocity (NASDAQ:PCTY) last released its earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The company 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 business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Paylocity Profile

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.