MQS Management LLC Acquires Shares of 1,196 Paylocity Holding Corporation $PCTY

MQS Management LLC acquired a new stake in Paylocity Holding Corporation (NASDAQ:PCTY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,196 shares of the software maker’s stock, valued at approximately $217,000.

A number of other hedge funds also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC acquired a new stake in Paylocity in the 2nd quarter valued at about $256,000. AlphaQuest LLC raised its holdings in Paylocity by 262.3% in the 2nd quarter. AlphaQuest LLC now owns 13,754 shares of the software maker’s stock valued at $2,492,000 after acquiring an additional 9,958 shares during the last quarter. R Squared Ltd increased its holdings in shares of Paylocity by 88.7% during the 2nd quarter. R Squared Ltd now owns 3,793 shares of the software maker’s stock worth $687,000 after buying an additional 1,783 shares during the last quarter. Forum Financial Management LP acquired a new stake in shares of Paylocity during the 2nd quarter worth approximately $264,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Paylocity by 16,660.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 838 shares of the software maker’s stock worth $152,000 after buying an additional 833 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of PCTY stock opened at $149.30 on Wednesday. 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 52 week low of $147.60 and a 52 week high of $223.80. The stock has a market capitalization of $8.12 billion, a PE ratio of 37.23, a P/E/G ratio of 2.91 and a beta of 0.53. The firm has a 50 day moving average of $163.89 and a two-hundred day moving average of $178.17.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The company had revenue of $400.74 million during the quarter, compared to analysts’ expectations of $388.25 million. During the same quarter last year, the company posted $1.48 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PCTY. Barclays cut their price target 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. Guggenheim began coverage on shares of Paylocity in a report on Thursday, September 25th. They set a “neutral” rating for the company. Citigroup cut their price target on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a report on Monday, July 21st. UBS Group cut their price target 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. Finally, BMO Capital Markets raised their price target on shares of Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.