Handelsbanken Fonder AB Reduces Stake in Paylocity Holding Corporation $PCTY

Handelsbanken Fonder AB lowered its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 22.5% in the 2nd quarter, Holdings Channel reports. The firm owned 10,351 shares of the software maker’s stock after selling 3,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Paylocity were worth $1,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC lifted its holdings in shares of 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 buying an additional 80 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Paylocity by 47.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock worth $46,000 after acquiring an additional 81 shares during the period. Bayforest Capital Ltd lifted its stake in Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock worth $55,000 after purchasing an additional 121 shares in the last quarter. SVB Wealth LLC bought a new position in Paylocity in the 1st quarter valued at $61,000. Finally, IFP Advisors Inc boosted its holdings in Paylocity by 248.5% in the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock valued at $61,000 after purchasing an additional 241 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Paylocity news, CFO Ryan Glenn sold 1,737 shares of the business’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 directly owned 77,229 shares of the company’s stock, valued at $11,093,945.85. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PCTY shares. BMO Capital Markets decreased their price target on shares of Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Jefferies Financial Group lowered their price target on Paylocity from $225.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Guggenheim upgraded Paylocity from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Monday, November 10th. Raymond James Financial set a $220.00 price objective on shares of Paylocity and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Cowen reiterated a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.83.

Paylocity Stock Performance

NASDAQ:PCTY opened at $146.95 on Thursday. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 4.45 and a beta of 0.58. The business has a 50 day moving average of $151.14 and a 200 day moving average of $171.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07. Paylocity Holding Corporation has a 1-year low of $135.46 and a 1-year high of $223.80.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $399.53 million. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm 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 earnings per share for the current fiscal 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.