Harel Insurance Investments & Financial Services Ltd. Cuts Stock Position in Paylocity Holding Corporation $PCTY

Harel Insurance Investments & Financial Services Ltd. cut its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 8.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,210 shares of the software maker’s stock after selling 3,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.06% of Paylocity worth $5,655,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Paylocity by 7.0% during the first quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock valued at $807,966,000 after acquiring an additional 283,430 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Paylocity in the 1st quarter valued at $47,998,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Paylocity by 1,995.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock valued at $47,073,000 after purchasing an additional 247,400 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in Paylocity in the 1st quarter worth $37,085,000. Finally, American Century Companies Inc. raised its position in Paylocity by 47.0% in the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock worth $96,329,000 after purchasing an additional 164,397 shares during the period. Institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PCTY. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Paylocity in a research note on Friday, July 18th. Barclays reduced their price target on Paylocity from $195.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. BMO Capital Markets boosted their price objective on Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Guggenheim initiated coverage on Paylocity in a research note on Thursday, September 25th. They set a “neutral” rating for the company. Finally, KeyCorp lifted their target price on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $221.38.

Paylocity Price Performance

PCTY opened at $141.27 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $7.68 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. The stock’s 50 day moving average price is $161.53 and its 200-day moving average price is $177.21. Paylocity Holding Corporation has a 52-week low of $140.07 and a 52-week high of $223.80.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts predict 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.