Paylocity Holding Corporation $PCTY Position Boosted by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 16,660.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 838 shares of the software maker’s stock after buying an additional 833 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Paylocity were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PCTY. Vanguard Group Inc. lifted 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 purchasing an additional 283,430 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Paylocity in the first quarter worth approximately $47,998,000. Livforsakringsbolaget Skandia Omsesidigt lifted 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 purchasing an additional 247,400 shares during the period. TimesSquare Capital Management LLC acquired a new stake in Paylocity in the first quarter worth approximately $37,085,000. Finally, American Century Companies Inc. lifted 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 purchasing an additional 164,397 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Price Performance

PCTY opened at $152.31 on Friday. The firm has a market capitalization of $8.40 billion, a P/E ratio of 37.98, a PEG ratio of 2.93 and a beta of 0.53. The stock has a fifty day moving average of $165.00 and a 200-day moving average of $178.73. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity Holding Corporation has a 12-month low of $147.60 and a 12-month high of $223.80.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $388.25 million. During the same quarter in the previous year, the company posted $1.48 earnings per share. Paylocity’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. Equities analysts forecast that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Jefferies Financial Group cut their target price on Paylocity from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Citigroup cut their target price on Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Barclays cut their price objective on Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Paylocity in a research report on Friday, July 18th. Finally, Guggenheim initiated coverage on Paylocity in a research report on Thursday, September 25th. They set a “neutral” rating for the company. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.71.

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.