Oppenheimer Asset Management Inc. Sells 8,463 Shares of Paylocity Holding Corporation $PCTY

Oppenheimer Asset Management Inc. decreased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 14.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,567 shares of the software maker’s stock after selling 8,463 shares during the period. Oppenheimer Asset Management Inc. owned about 0.09% of Paylocity worth $8,981,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Paylocity by 41.9% during the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker’s stock worth $102,000 after purchasing an additional 161 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Paylocity during the first quarter worth approximately $359,000. Janney Montgomery Scott LLC increased its stake in shares of Paylocity by 6.5% during the first quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker’s stock worth $1,179,000 after purchasing an additional 383 shares during the period. New York State Teachers Retirement System increased its stake in shares of Paylocity by 7.3% during the first quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker’s stock worth $7,522,000 after purchasing an additional 2,724 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in shares of Paylocity by 137.0% during the first quarter. Summit Trail Advisors LLC now owns 4,752 shares of the software maker’s stock worth $890,000 after purchasing an additional 2,747 shares during the period. Institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PCTY. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of Paylocity in a research note on Friday, July 18th. Citigroup reduced their price target on Paylocity from $225.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Cantor Fitzgerald raised Paylocity to a “strong-buy” rating in a research report on Thursday, September 11th. Cowen reissued a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. Finally, Jefferies Financial Group reduced their target price on Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.71.

Paylocity Stock Up 0.2%

Shares of PCTY opened at $152.31 on Monday. 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 $8.28 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a fifty day moving average of $165.00 and a 200-day moving average of $178.67.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The company had revenue of $400.74 million during the quarter, compared to analysts’ expectations of $388.25 million. During the same period in the prior year, the company earned $1.48 EPS. Paylocity’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. As a group, sell-side 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.