IFP Advisors Inc Boosts Stock Position in Paylocity Holding Corporation $PCTY

IFP Advisors Inc raised its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 248.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 338 shares of the software maker’s stock after purchasing an additional 241 shares during the period. IFP Advisors Inc’s holdings in Paylocity were worth $61,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TCTC Holdings LLC raised its holdings in Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Paylocity in the 1st quarter worth about $48,000. Bayforest Capital Ltd raised its stake in shares of Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock valued at $55,000 after purchasing an additional 121 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Paylocity during the first quarter worth about $61,000. Finally, GAMMA Investing LLC grew its stake in Paylocity by 41.9% in the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker’s stock worth $102,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $151.71 on Tuesday. The firm’s 50 day moving average is $166.54 and its two-hundred day moving average is $179.34. The firm has a market capitalization of $8.37 billion, a P/E ratio of 37.83, a PEG ratio of 2.89 and a beta of 0.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity Holding Corporation has a 52 week low of $147.60 and a 52 week high of $223.80.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $388.25 million. During the same period in the prior year, the company posted $1.48 EPS. The business’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. Analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Raymond James Financial set a $220.00 price objective on Paylocity and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Cowen reissued a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. Guggenheim started coverage on shares of Paylocity in a report on Thursday, September 25th. They issued a “neutral” rating for the company. Cantor Fitzgerald upgraded shares of Paylocity to a “strong-buy” rating in a research note on Thursday, September 11th. Finally, BMO Capital Markets raised their price target on shares of Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $221.59.

Paylocity Company 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.