Russell Investments Group Ltd. Buys 4,704 Shares of Paylocity Holding Corporation $PCTY

Russell Investments Group Ltd. lifted its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,994 shares of the software maker’s stock after purchasing an additional 4,704 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Paylocity worth $13,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PCTY. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 283,430 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Paylocity in the 1st quarter valued at approximately $47,998,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Paylocity by 1,995.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock valued at $47,073,000 after purchasing an additional 247,400 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Paylocity by 47.0% in the 1st 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 in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new position in shares of Paylocity in the second quarter worth $28,760,000. 94.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Cantor Fitzgerald set a $190.00 target price on Paylocity in a research report on Wednesday, November 5th. Barclays decreased their price objective on shares of Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Cowen restated a “buy” rating on shares of Paylocity in a report on Monday, October 6th. Zacks Research upgraded shares of Paylocity from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, BMO Capital Markets dropped their price target on Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock 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 given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $207.83.

Insider Transactions at Paylocity

In other Paylocity news, CFO Ryan Glenn sold 1,737 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total transaction of $249,520.05. Following the sale, the chief financial officer owned 77,229 shares in the company, valued at approximately $11,093,945.85. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.40% of the company’s stock.

Paylocity Price Performance

Shares of PCTY stock opened at $146.81 on Tuesday. The company 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 1 year low of $135.46 and a 1 year high of $223.80. The firm has a fifty day moving average price of $150.02 and a 200-day moving average price of $170.52.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. Paylocity had a return on equity of 22.07% and a net margin of 13.75%.The business had revenue of $408.17 million during the quarter, compared to analyst estimates of $399.53 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. Paylocity’s revenue for the quarter was up 12.5% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current 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.