Farther Finance Advisors LLC Increases Holdings in Paylocity Holding Corporation $PCTY

Farther Finance Advisors LLC raised its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 893.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 765 shares of the software maker’s stock after buying an additional 688 shares during the quarter. Farther Finance Advisors LLC’s holdings in Paylocity were worth $139,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PCTY. Vanguard Group Inc. grew its position in shares of Paylocity by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock worth $807,966,000 after buying an additional 283,430 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Paylocity in the 1st quarter worth approximately $47,998,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Paylocity by 1,995.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock worth $47,073,000 after buying an additional 247,400 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Paylocity in the 1st quarter worth approximately $37,085,000. Finally, American Century Companies Inc. grew its position in shares of Paylocity by 47.0% in the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock worth $96,329,000 after buying an additional 164,397 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

Paylocity Trading Up 1.2%

Paylocity stock opened at $155.00 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $174.05 and its two-hundred day simple moving average is $182.56. Paylocity Holding Corporation has a 12 month low of $151.71 and a 12 month high of $223.80. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.53.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald upgraded Paylocity to a “strong-buy” rating in a research report on Thursday, September 11th. Citigroup dropped their price target on Paylocity from $225.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Raymond James Financial set a $220.00 price target on Paylocity and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Stephens assumed coverage on Paylocity in a research report on Monday, July 21st. They set an “equal weight” rating and a $200.00 price target on the stock. Finally, Guggenheim assumed coverage on Paylocity in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Paylocity 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.