Paylocity Holding Corporation $PCTY Position Trimmed by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA has reduced its stake in Paylocity by 52.2%, owning only 2,044 shares valued at $362,000 as of the end of the most recent quarter.
• Despite the stake reduction from some investors, Paylocity saw an increase in holdings by other institutional investors, with TCTC Holdings LLC growing its stake by 115.9% to 149 shares.
• Paylocity recently reported earnings of $1.56 EPS, surpassing expectations and reflecting a 12.2% increase in quarterly revenue compared to the previous year.

Union Bancaire Privee UBP SA lessened its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 52.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,044 shares of the software maker's stock after selling 2,229 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Paylocity were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PCTY. TCTC Holdings LLC grew its stake in Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Paylocity during the 1st quarter valued at about $29,000. Hughes Financial Services LLC acquired a new stake in shares of Paylocity during the 1st quarter valued at about $48,000. Bayforest Capital Ltd lifted its holdings in shares of Paylocity by 69.1% during the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after buying an additional 121 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Paylocity during the 1st quarter valued at about $61,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PCTY shares. Barclays reduced their price target on Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a report on Monday, July 21st. BMO Capital Markets boosted their target price on Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Stephens began coverage on Paylocity in a report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 target price for the company. Citigroup reduced their target price on Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a report on Monday, July 21st. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $221.59.

Paylocity Stock Down 3.9%

Shares of PCTY stock opened at $153.12 on Thursday. Paylocity Holding Corporation has a 12 month low of $152.17 and a 12 month high of $223.80. The firm has a market cap of $8.45 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. The stock has a 50 day moving average of $174.71 and a 200-day moving average of $182.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued 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 company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

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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