Paylocity Holding Corporation $PCTY Stake Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 45.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,437 shares of the software maker’s stock after acquiring an additional 1,389 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Paylocity were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCTY. Vanguard Group Inc. raised its position in Paylocity by 7.0% in the first quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock worth $807,966,000 after acquiring an additional 283,430 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Paylocity in the first quarter worth about $47,998,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in Paylocity by 1,995.2% in the second 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 in the last quarter. TimesSquare Capital Management LLC bought a new stake in Paylocity in the first quarter worth about $37,085,000. Finally, American Century Companies Inc. raised its position in Paylocity by 47.0% in the first quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock worth $96,329,000 after acquiring an additional 164,397 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Stephens started coverage on Paylocity in a report on Monday, July 21st. They set an “equal weight” rating and a $200.00 price objective on the stock. Raymond James Financial set a $220.00 price objective on Paylocity and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays cut their price objective on Paylocity from $209.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, July 21st. Finally, UBS Group cut their price objective on Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.59.

Paylocity Trading Up 0.9%

Shares of NASDAQ PCTY opened at $151.71 on Tuesday. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.89 and a beta of 0.53. The business has a 50 day simple moving average of $166.54 and a 200 day simple moving average of $179.34. Paylocity Holding Corporation has a 52 week low of $147.60 and a 52 week high of $223.80. 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 (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. The business had revenue of $400.74 million during 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 in the previous year, the business posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal 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.