TimesSquare Capital Management LLC Increases Stock Position in Paylocity Holding Corporation $PCTY

TimesSquare Capital Management LLC increased its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,642 shares of the software maker’s stock after purchasing an additional 3,685 shares during the period. TimesSquare Capital Management LLC owned approximately 0.37% of Paylocity worth $36,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in Paylocity by 47.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock worth $46,000 after purchasing an additional 81 shares during the period. ProShare Advisors LLC boosted its stake in shares of Paylocity by 3.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,055 shares of the software maker’s stock worth $372,000 after buying an additional 65 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of Paylocity by 173.1% in the 2nd quarter. King Luther Capital Management Corp now owns 31,871 shares of the software maker’s stock worth $5,775,000 after buying an additional 20,200 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Paylocity by 90.8% in the second quarter. Acadian Asset Management LLC now owns 136,811 shares of the software maker’s stock worth $24,781,000 after acquiring an additional 65,105 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Paylocity during the second quarter valued at $2,230,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on PCTY. JMP Securities set a $245.00 target price on Paylocity in a research report on Wednesday, November 5th. Stephens lowered their price objective on shares of Paylocity from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Zacks Research upgraded shares of Paylocity from a “strong sell” rating to a “hold” rating in a research report on Monday. Citizens Jmp reduced their target price on shares of Paylocity from $270.00 to $245.00 and set a “market outperform” rating for the company in a report on Wednesday, November 5th. Finally, Jefferies Financial Group dropped their price target on shares of Paylocity from $225.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.83.

Paylocity Stock Up 4.6%

Paylocity stock opened at $148.88 on Wednesday. Paylocity Holding Corporation has a 52-week low of $135.46 and a 52-week high of $223.80. The firm’s fifty day moving average is $156.46 and its 200 day moving average is $175.07. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 4.27 and a beta of 0.58.

Paylocity (NASDAQ:PCTY) last posted its earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The firm had revenue of $408.17 million for the quarter, compared to the consensus estimate of $399.53 million. During the same period in the previous year, the firm posted $1.66 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research 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.