Public Employees Retirement System of Ohio Sells 1,687 Shares of Paylocity Holding Corporation $PCTY

Key Points

• The Public Employees Retirement System of Ohio sold 1,687 shares of Paylocity, decreasing its holdings by 2.4% during the second quarter, now owning a total of 67,464 shares valued at approximately $12.2 million.
• Paylocity's stock is currently priced at $163.69 with a market cap of $9.03 billion, while it has reported strong earnings with a 12.2% year-over-year revenue increase.
• Institutional investors hold 94.76% of Paylocity's stock, demonstrating significant interest and confidence from these entities in the company's operations and growth potential.

Public Employees Retirement System of Ohio decreased its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,464 shares of the software maker's stock after selling 1,687 shares during the quarter. Public Employees Retirement System of Ohio owned 0.12% of Paylocity worth $12,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Park Avenue Securities LLC bought a new position in shares of Paylocity during the second quarter valued at approximately $1,030,000. Farther Finance Advisors LLC grew its stake in shares of Paylocity by 893.5% during the second quarter. Farther Finance Advisors LLC now owns 765 shares of the software maker's stock valued at $139,000 after buying an additional 688 shares during the last quarter. Diversified Trust Co bought a new position in Paylocity in the second quarter worth approximately $494,000. Assenagon Asset Management S.A. bought a new position in Paylocity in the second quarter worth approximately $19,220,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Paylocity by 28.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,900 shares of the software maker's stock worth $2,879,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors own 94.76% of the company's stock.

Paylocity Stock Down 0.1%

Paylocity stock opened at $163.69 on Friday. The business has a fifty day moving average of $176.25 and a two-hundred day moving average of $183.36. 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 $9.03 billion, a P/E ratio of 40.82, a P/E/G ratio of 3.12 and a beta of 0.51. Paylocity Holding Corporation has a twelve month low of $159.96 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. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The company had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. During the same quarter in the prior year, the business earned $1.48 earnings per share. Paylocity's 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, analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Zacks Research raised Paylocity from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 11th. Citigroup dropped their price objective on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Barclays dropped their price objective on Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Monday, July 21st. Guggenheim assumed coverage on Paylocity in a research note on Thursday. They issued a "neutral" rating on the stock. Finally, BMO Capital Markets increased their price objective on Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.