Strs Ohio Boosts Position in Paylocity Holding Corporation $PCTY

Strs Ohio grew its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 31.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,819 shares of the software maker’s stock after buying an additional 1,859 shares during the period. Strs Ohio’s holdings in Paylocity were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Associated Banc Corp increased its stake in shares of Paylocity by 4.5% during the first quarter. Associated Banc Corp now owns 1,207 shares of the software maker’s stock valued at $226,000 after buying an additional 52 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Paylocity by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock valued at $1,097,000 after buying an additional 54 shares during the period. Cresset Asset Management LLC increased its stake in shares of Paylocity by 2.4% during the first quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker’s stock valued at $490,000 after buying an additional 62 shares during the period. Verdence Capital Advisors LLC grew its stake in Paylocity by 5.7% in the second quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock worth $218,000 after purchasing an additional 65 shares during the period. Finally, TCTC Holdings LLC grew its stake in Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after purchasing an additional 80 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PCTY has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on Paylocity from $225.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday. Raymond James Financial set a $220.00 price target on Paylocity and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Barclays reduced their price target on Paylocity from $195.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Cantor Fitzgerald set a $190.00 price target on Paylocity in a research note on Wednesday. Finally, Cowen reaffirmed a “buy” rating on shares of Paylocity in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.47.

Paylocity Trading Up 4.4%

Paylocity stock opened at $145.46 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $159.28 and its two-hundred day simple moving average is $176.33. Paylocity Holding Corporation has a 12 month low of $135.51 and a 12 month high of $223.80. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 2.68 and a beta of 0.58.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $408.17 million for the quarter, compared to the consensus estimate of $399.53 million. Paylocity had a return on equity of 21.61% and a net margin of 13.75%.The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

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.