Paylocity Holding Corporation $PCTY Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Paylocity Holding Corporation by 4.3% during the second quarter, selling 12,864 shares and holding approximately 0.52% of the company, valued at $52 million.
• Paylocity reported a quarterly earnings per share (EPS) of $1.56, beating expectations of $1.38, with revenues of $400.74 million, up 12.2% year-over-year.
• Analyst ratings for Paylocity include one Strong Buy, thirteen Buy, and six Hold, indicating a generally favorable outlook with an average price target of $221.59.

TD Asset Management Inc cut its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 287,064 shares of the software maker's stock after selling 12,864 shares during the period. TD Asset Management Inc owned approximately 0.52% of Paylocity worth $52,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCTY. TCTC Holdings LLC raised its position in shares of Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after buying an additional 80 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Paylocity during the 1st quarter worth about $48,000. Bayforest Capital Ltd raised its position in shares of Paylocity by 69.1% during the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock worth $55,000 after buying an additional 121 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Paylocity during the 1st quarter worth about $61,000. Finally, IFP Advisors Inc raised its position in shares of Paylocity by 248.5% during the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker's stock worth $61,000 after buying an additional 241 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Paylocity Stock Down 0.9%

Shares of NASDAQ:PCTY opened at $149.86 on Thursday. 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 company has a market cap of $8.27 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 2.91 and a beta of 0.53. Paylocity Holding Corporation has a 52 week low of $148.54 and a 52 week high of $223.80. The firm has a 50 day simple moving average of $168.18 and a 200 day simple moving average of $180.14.

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, beating the consensus estimate of $1.38 by $0.18. The business had revenue of $400.74 million during the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, research analysts expect that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analyst Ratings Changes

PCTY has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Barclays lowered their target price on Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a report on Monday, July 21st. Cowen reaffirmed a "buy" rating on shares of Paylocity in a report on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Paylocity in a report on Wednesday, October 8th. Finally, Citigroup lowered their target price on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Paylocity presently has an average rating of "Moderate Buy" and an average price target of $221.59.

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.

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