New York State Common Retirement Fund Has $5.08 Million Stock Position in Paylocity Holding Corporation $PCTY

New York State Common Retirement Fund lessened its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,907 shares of the software maker’s stock after selling 5,101 shares during the quarter. New York State Common Retirement Fund’s holdings in Paylocity were worth $5,082,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its stake in Paylocity by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock worth $1,097,000 after buying an additional 54 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Paylocity by 5.7% during the second quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock valued at $218,000 after acquiring an additional 65 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Paylocity by 3.3% during the second quarter. ProShare Advisors LLC now owns 2,055 shares of the software maker’s stock worth $372,000 after purchasing an additional 65 shares during the period. Federated Hermes Inc. raised its position in shares of Paylocity by 1.6% during the third quarter. Federated Hermes Inc. now owns 4,848 shares of the software maker’s stock worth $772,000 after purchasing an additional 78 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of 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 in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Stock Performance

NASDAQ:PCTY opened at $117.85 on Friday. Paylocity Holding Corporation has a 52 week low of $113.70 and a 52 week high of $223.80. The firm has a 50-day moving average price of $145.27 and a two-hundred day moving average price of $156.88. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 3.74 and a beta of 0.54.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. Paylocity had a return on equity of 23.03% and a net margin of 14.19%.The company had revenue of $416.13 million during the quarter, compared to the consensus estimate of $408.37 million. During the same period last year, the business posted $1.52 earnings per share. Paylocity’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on PCTY. Stifel Nicolaus decreased their price target on shares of Paylocity from $188.00 to $165.00 and set a “buy” rating for the company in a research note on Friday. Barclays set a $146.00 price objective on shares of Paylocity in a report on Friday. Robert W. Baird set a $220.00 target price on shares of Paylocity in a research report on Friday. Citizens Jmp dropped their price target on shares of Paylocity from $245.00 to $170.00 and set a “market outperform” rating on the stock in a research report on Friday. Finally, Mizuho lowered their price objective on Paylocity from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday. Sixteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $183.14.

Insider Activity at Paylocity

In related news, CFO Ryan Glenn sold 1,737 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were 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 approximately $11,093,945.85. The trade was a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.40% of the stock is owned by insiders.

More Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Q2 beat — Paylocity reported EPS of $1.85 vs. $1.57 expected and total revenue of $416.1M (up 10.4% YoY), showing solid recurring-revenue growth that supports long-term profitability. GlobeNewswire Q2 Press Release
• Positive Sentiment: Strong cash flow and buybacks — trailing‑12‑month operating cash flow and free‑cash‑flow margins remain robust; company repurchased $100M (~690k shares) in Q2 and ~$600M (~3.7M shares) since May 2024, supporting EPS and shareholder returns. GlobeNewswire Q2 Press Release
• Positive Sentiment: Product and distribution drivers — management highlighted product expansion and growth through the broker channel as sources of upside to bookings and longer‑term revenue. MSN deep dive
• Neutral Sentiment: Earnings materials available — full slide deck and call transcript provide more detail on client metrics and product road map for investors who want to dig into assumptions. MarketBeat earnings packet Seeking Alpha transcript
• Negative Sentiment: Guidance disappointed — management’s FY26 and Q3 revenue guidance came in below consensus (Q3 guidance midpoint well under street estimates), which is the main near‑term catalyst behind the selloff as it suggests slower near‑term top‑line momentum. MarketBeat guidance summary
• Negative Sentiment: Analyst price‑target cuts — multiple firms (Citigroup, Truist, Citizens JMP, Mizuho, BTIG, BMO) reduced targets today (ratings largely remain buy/outperform), trimming upside and adding near‑term selling pressure despite retained positive views. Benzinga coverage

Paylocity Company Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.