Trillium Asset Management LLC Sells 2,879 Shares of Paylocity Holding Corporation $PCTY

Trillium Asset Management LLC lessened its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 102,149 shares of the software maker’s stock after selling 2,879 shares during the period. Trillium Asset Management LLC’s holdings in Paylocity were worth $18,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Associated Banc Corp raised its holdings in Paylocity by 4.5% during the first quarter. Associated Banc Corp now owns 1,207 shares of the software maker’s stock worth $226,000 after acquiring an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Paylocity by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock worth $1,097,000 after acquiring an additional 54 shares in the last quarter. Cresset Asset Management LLC raised its holdings in Paylocity by 2.4% during the first quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker’s stock worth $490,000 after acquiring an additional 62 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in Paylocity by 5.7% during the second quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock worth $218,000 after acquiring an additional 65 shares in the last quarter. Finally, TCTC Holdings LLC raised its holdings in Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

PCTY has been the topic of several research analyst reports. Cowen restated a “buy” rating on shares of Paylocity in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Paylocity in a research note on Wednesday, October 8th. Stephens initiated coverage on Paylocity in a research note on Monday, July 21st. They issued an “equal weight” rating and a $200.00 price objective on the stock. Guggenheim began coverage on Paylocity in a research note on Thursday, September 25th. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets decreased their target price on Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Paylocity has a consensus rating of “Moderate Buy” and a consensus target price of $218.56.

Paylocity Trading Down 1.1%

Shares of NASDAQ:PCTY opened at $139.33 on Wednesday. The company has a market capitalization of $7.58 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.71 and a beta of 0.58. Paylocity Holding Corporation has a 1 year low of $137.57 and a 1 year high of $223.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day simple moving average is $159.99 and its 200 day simple moving average is $176.55.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $408.17 million for the quarter, compared to the consensus estimate of $399.53 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Paylocity Company Profile

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.