2,726 Shares in Paylocity Holding Corporation $PCTY Purchased by Diversified Trust Co

Key Points

• Diversified Trust Co has purchased 2,726 shares of Paylocity Holding Corporation, valued at approximately $494,000, indicating growing interest from institutional investors.
• Several analysts have issued mixed ratings on Paylocity, with Cantor Fitzgerald giving it a "strong-buy," while others like Citigroup and UBS lowered their price targets.
• Paylocity reported a quarterly earnings per share of $1.56, exceeding analysts' estimates, and experienced a 12.2% year-over-year revenue growth with revenues totaling $400.74 million.

Diversified Trust Co acquired a new position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,726 shares of the software maker's stock, valued at approximately $494,000.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its stake in Paylocity by 7.3% in the first quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker's stock worth $7,522,000 after acquiring an additional 2,724 shares during the period. GAMMA Investing LLC lifted its stake in Paylocity by 41.9% in the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker's stock worth $102,000 after acquiring an additional 161 shares during the period. Janney Montgomery Scott LLC lifted its stake in Paylocity by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker's stock worth $1,179,000 after acquiring an additional 383 shares during the period. Voya Investment Management LLC lifted its stake in Paylocity by 62.5% in the first quarter. Voya Investment Management LLC now owns 44,516 shares of the software maker's stock worth $8,340,000 after acquiring an additional 17,118 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Paylocity in the first quarter worth about $359,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on PCTY shares. Cantor Fitzgerald raised shares of Paylocity to a "strong-buy" rating in a research note on Thursday, September 11th. Citigroup reduced their target price on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a report on Monday, July 21st. Stephens assumed coverage on shares of Paylocity in a report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 price target on the stock. UBS Group reduced their price objective on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday, September 17th. Finally, BMO Capital Markets boosted their price objective on shares of Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Paylocity currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.59.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $165.67 on Wednesday. Paylocity Holding Corporation has a twelve month low of $159.70 and a twelve month high of $223.80. The company's 50 day moving average is $177.53 and its 200 day moving average is $183.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a market cap of $9.14 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 3.20 and a beta of 0.51.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.18. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The company had revenue of $400.74 million for the quarter, compared to the consensus estimate of $388.25 million. During the same quarter in the prior year, the company earned $1.48 EPS. Paylocity's quarterly revenue was up 12.2% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts forecast that Paylocity Holding Corporation will post 4.36 EPS for the current 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.

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