Chicago Partners Investment Group LLC Has $628,000 Position in Paylocity Holding Corporation $PCTY

Chicago Partners Investment Group LLC increased its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,368 shares of the software maker’s stock after acquiring an additional 259 shares during the period. Chicago Partners Investment Group LLC’s holdings in Paylocity were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PCTY. Vanguard Group Inc. raised its stake in shares of Paylocity by 7.0% during 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 during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Paylocity during the first quarter worth approximately $47,998,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Paylocity by 1,995.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock worth $47,073,000 after buying an additional 247,400 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Paylocity during the first quarter worth approximately $37,085,000. Finally, American Century Companies Inc. raised its stake in shares of Paylocity by 47.0% during the first quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock worth $96,329,000 after buying an additional 164,397 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Stock Up 2.1%

Paylocity stock opened at $154.88 on Wednesday. The company has a 50 day moving average of $166.22 and a 200-day moving average of $179.17. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity Holding Corporation has a twelve month low of $147.60 and a twelve month high of $223.80. The stock has a market capitalization of $8.54 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. During the same period last year, the business posted $1.48 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PCTY has been the subject of a number of recent research reports. Stephens initiated coverage on shares of Paylocity in a research note on Monday, July 21st. They set an “equal weight” rating and a $200.00 price target for the company. KeyCorp boosted their price target on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Guggenheim assumed coverage on shares of Paylocity in a research note on Thursday, September 25th. They set a “neutral” rating for the company. 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. Finally, UBS Group decreased their price objective on shares of Paylocity from $195.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Paylocity has a consensus rating of “Moderate Buy” and an average target price of $220.71.

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.