28,455 Shares in Paylocity Holding Corporation $PCTY Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH bought a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,455 shares of the software maker's stock, valued at approximately $5,156,000. Allianz Asset Management GmbH owned 0.05% of Paylocity at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position 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 valued at $807,966,000 after buying an additional 283,430 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Paylocity by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,287,514 shares of the software maker's stock valued at $803,224,000 after buying an additional 141,705 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Paylocity by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,987,037 shares of the software maker's stock valued at $746,932,000 after buying an additional 13,027 shares during the period. American Century Companies Inc. boosted its position in shares of Paylocity by 47.0% during the first quarter. American Century Companies Inc. now owns 514,194 shares of the software maker's stock valued at $96,329,000 after buying an additional 164,397 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Paylocity by 1.8% during the first quarter. Northern Trust Corp now owns 469,566 shares of the software maker's stock valued at $87,968,000 after buying an additional 8,349 shares during the period. Hedge funds and other institutional investors own 94.76% of the company's stock.

Paylocity Stock Down 1.9%

Paylocity stock opened at $151.98 on Thursday. The business has a fifty day moving average of $165.78 and a two-hundred day moving average of $178.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The firm has a market cap of $8.38 billion, a P/E ratio of 37.90, a P/E/G ratio of 2.98 and a beta of 0.53. Paylocity Holding Corporation has a twelve month low of $147.60 and a twelve month high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share 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%.Paylocity's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group lowered their price target on Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, September 17th. Stephens assumed coverage on Paylocity in a report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 price target for the company. Cantor Fitzgerald upgraded Paylocity to a "strong-buy" rating in a report on Thursday, September 11th. Cowen reiterated a "buy" rating on shares of Paylocity in a report on Monday, October 6th. Finally, Citigroup lowered their price target on Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Paylocity has an average rating of "Moderate Buy" and a consensus target price of $220.71.

Paylocity 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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