Cetera Investment Advisers Has $1.60 Million Stake in Paylocity Holding Corporation $PCTY

Cetera Investment Advisers reduced its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 22.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,834 shares of the software maker’s stock after selling 2,536 shares during the period. Cetera Investment Advisers’ holdings in Paylocity were worth $1,601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCTY. Associated Banc Corp boosted its position in shares of Paylocity by 4.5% during the 1st quarter. Associated Banc Corp now owns 1,207 shares of the software maker’s stock valued at $226,000 after purchasing an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Paylocity by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock worth $1,097,000 after buying an additional 54 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Paylocity by 2.4% during the 1st quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker’s stock worth $490,000 after buying an additional 62 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Paylocity by 5.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock worth $218,000 after buying an additional 65 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Paylocity by 3.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,055 shares of the software maker’s stock valued at $372,000 after acquiring an additional 65 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paylocity

In other news, CFO Ryan Glenn sold 1,737 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total value of $249,520.05. Following the completion of the sale, the chief financial officer owned 77,229 shares in the company, valued at $11,093,945.85. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group cut their target price on shares of Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Cantor Fitzgerald set a $190.00 price objective on shares of Paylocity in a research report on Wednesday, November 5th. Jefferies Financial Group decreased their target price on Paylocity from $225.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Zacks Research raised Paylocity from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Citizens Jmp reduced their price objective on Paylocity from $270.00 to $245.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.83.

Paylocity Stock Performance

Shares of NASDAQ PCTY opened at $146.81 on Tuesday. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 4.42 and a beta of 0.57. Paylocity Holding Corporation has a fifty-two week low of $135.46 and a fifty-two week high of $223.80. The firm’s 50-day simple moving average is $150.02 and its 200 day simple moving average is $170.52.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.52 by $0.23. The firm had revenue of $408.17 million during the quarter, compared to the consensus estimate of $399.53 million. Paylocity had a return on equity of 22.07% and a net margin of 13.75%.The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

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.