Paylocity Holding Corporation $PCTY Shares Sold by Aberdeen Group plc

Aberdeen Group plc lowered its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,108 shares of the software maker’s stock after selling 622 shares during the period. Aberdeen Group plc’s holdings in Paylocity were worth $1,107,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Paylocity by 41.9% in the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker’s stock valued at $102,000 after buying an additional 161 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Paylocity in the 1st quarter valued at $359,000. Janney Montgomery Scott LLC raised its position in Paylocity by 6.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker’s stock valued at $1,179,000 after purchasing an additional 383 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Paylocity by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 5,106 shares of the software maker’s stock worth $956,000 after purchasing an additional 145 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in Paylocity by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 53,057 shares of the software maker’s stock worth $9,940,000 after purchasing an additional 186 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on PCTY. Jefferies Financial Group dropped their price objective on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. KeyCorp boosted their price target on Paylocity from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Cowen reaffirmed a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. Zacks Research downgraded Paylocity from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets upped their price target on Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. One equities research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $221.59.

Paylocity Stock Up 1.2%

PCTY opened at $150.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. Paylocity Holding Corporation has a 12 month low of $147.60 and a 12 month high of $223.80. The stock has a market capitalization of $8.29 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.86 and a beta of 0.53. The business has a 50 day simple moving average of $166.95 and a 200-day simple moving average of $179.60.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. The firm 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%.Paylocity’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal 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.