Truist Financial Corp Decreases Holdings in Paylocity Holding Corporation $PCTY

Truist Financial Corp decreased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,293 shares of the software maker’s stock after selling 135 shares during the period. Truist Financial Corp’s holdings in Paylocity were worth $4,039,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Paylocity by 7.0% during 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 last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Paylocity in the first quarter valued at $47,998,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings 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 acquiring an additional 247,400 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Paylocity during the 1st quarter worth about $37,085,000. Finally, American Century Companies Inc. grew its holdings 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 purchasing an additional 164,397 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Guggenheim initiated coverage on shares of Paylocity in a research note on Thursday, September 25th. They set a “neutral” rating for the company. Stephens initiated coverage on shares of Paylocity in a report on Monday, July 21st. They set an “equal weight” rating and a $200.00 price objective for the company. Cantor Fitzgerald upgraded shares of Paylocity to a “strong-buy” rating in a research note on Thursday, September 11th. Cowen reaffirmed a “buy” rating on shares of Paylocity in a research report on Monday. Finally, BMO Capital Markets lifted their price target on shares of 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, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $221.59.

Paylocity Stock Performance

Shares of PCTY stock opened at $154.23 on Thursday. 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 has a fifty day moving average of $171.42 and a 200 day moving average of $181.56. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53. Paylocity Holding Corporation has a 1 year low of $151.71 and a 1 year high of $223.80.

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