Paylocity Holding Corporation $PCTY is RK Asset Management LLC’s 8th Largest Position

RK Asset Management LLC reduced its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 28,330 shares of the software maker’s stock after selling 1,623 shares during the period. Paylocity accounts for about 4.9% of RK Asset Management LLC’s portfolio, making the stock its 8th biggest position. RK Asset Management LLC’s holdings in Paylocity were worth $5,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PCTY. Vanguard Group Inc. grew its stake in shares of Paylocity by 7.0% during the first quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock worth $807,966,000 after acquiring an additional 283,430 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Paylocity in the first quarter worth $47,998,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Paylocity by 1,995.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock valued at $47,073,000 after buying an additional 247,400 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in Paylocity during the 1st quarter worth about $37,085,000. Finally, American Century Companies Inc. grew its stake in Paylocity by 47.0% during the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock valued at $96,329,000 after purchasing an additional 164,397 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on PCTY shares. Raymond James Financial set a $220.00 target price on Paylocity and gave the stock an “outperform” rating in a report on Wednesday, July 30th. BMO Capital Markets upped their price objective on shares of Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Cantor Fitzgerald raised shares of Paylocity to a “strong-buy” rating in a report on Thursday, September 11th. Citigroup decreased their target price on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Finally, Zacks Research raised Paylocity from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.59.

Paylocity Trading Down 3.9%

Shares of PCTY stock opened at $153.12 on Thursday. Paylocity Holding Corporation has a 1-year low of $152.17 and a 1-year high of $223.80. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 3.03 and a beta of 0.54. 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 stock has a 50 day simple moving average of $174.71 and a 200-day simple moving average of $182.80.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate 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 net margin of 14.24% and a return on equity of 22.08%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts expect 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.