Y.D. More Investments Ltd Sells 2,075 Shares of Paylocity Holding Corporation $PCTY

Y.D. More Investments Ltd lessened its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,538 shares of the software maker’s stock after selling 2,075 shares during the period. Y.D. More Investments Ltd’s holdings in Paylocity were worth $2,091,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PCTY. Cerity Partners LLC grew its holdings in Paylocity by 11.2% during the first quarter. Cerity Partners LLC now owns 17,492 shares of the software maker’s stock worth $3,277,000 after purchasing an additional 1,765 shares during the period. CWM LLC lifted its position in shares of Paylocity by 208.4% in the first quarter. CWM LLC now owns 1,906 shares of the software maker’s stock valued at $357,000 after buying an additional 1,288 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Paylocity by 12.6% during the 1st quarter. Victory Capital Management Inc. now owns 177,979 shares of the software maker’s stock worth $33,343,000 after acquiring an additional 19,966 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of Paylocity during the 1st quarter worth approximately $214,000. Finally, Wealth Alliance LLC raised its stake in Paylocity by 13.2% in the 1st quarter. Wealth Alliance LLC now owns 1,599 shares of the software maker’s stock valued at $299,000 after acquiring an additional 186 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays reduced their price objective on shares of Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. UBS Group decreased their price target on shares of Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Citigroup lowered their price target on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Raymond James Financial set a $220.00 price objective on shares of Paylocity and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Zacks Research raised Paylocity from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Paylocity has a consensus rating of “Moderate Buy” and an average price target of $207.83.

Paylocity Stock Down 0.2%

NASDAQ PCTY opened at $148.05 on Friday. The firm has a 50-day moving average price of $154.87 and a two-hundred day moving average price of $174.28. Paylocity Holding Corporation has a 12-month low of $135.46 and a 12-month high of $223.80. The company has a market capitalization of $8.05 billion, a P/E ratio of 37.11, a P/E/G ratio of 4.44 and a beta of 0.58.

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