SG Americas Securities LLC Trims Stake in Paylocity Holding Corporation $PCTY

SG Americas Securities LLC lessened its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 47.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,578 shares of the software maker’s stock after selling 2,288 shares during the quarter. SG Americas Securities LLC’s holdings in Paylocity were worth $467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Paylocity by 47.4% in the second quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock valued at $46,000 after acquiring an additional 81 shares during the period. Bayforest Capital Ltd increased its holdings in shares of Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock valued at $55,000 after acquiring an additional 121 shares during the period. SVB Wealth LLC purchased a new stake in Paylocity in the 1st quarter valued at $61,000. IFP Advisors Inc boosted its stake in Paylocity by 248.5% during the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock worth $61,000 after purchasing an additional 241 shares during the period. Finally, Hilltop National Bank acquired a new stake in Paylocity during the 2nd quarter worth $108,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

PCTY has been the subject of a number of research reports. Cowen reaffirmed a “buy” rating on shares of Paylocity in a report on Monday, October 6th. Cantor Fitzgerald set a $190.00 price target on Paylocity in a research report on Wednesday, November 5th. Barclays reduced their price objective on Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. TD Cowen lowered their target price on Paylocity from $192.00 to $172.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, BMO Capital Markets dropped their target price on Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and an average price target of $207.83.

Insider Activity at Paylocity

In other news, CFO Ryan Glenn sold 1,737 shares of Paylocity stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $143.65, for a total value of $249,520.05. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 19.40% of the stock is currently owned by company insiders.

Paylocity Stock Performance

Shares of PCTY stock opened at $146.95 on Friday. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 4.40 and a beta of 0.58. The company has a 50 day moving average price of $150.78 and a 200 day moving average price of $171.65. Paylocity Holding Corporation has a one year low of $135.46 and a one year high of $223.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. The company had revenue of $408.17 million during the quarter, compared to analysts’ expectations of $399.53 million. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Sell-side analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current 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.