R Squared Ltd Has $687,000 Stock Position in Paylocity Holding Corporation $PCTY

Key Points

• R Squared Ltd has significantly increased its stake in Paylocity Holding Corporation (88.7% increase) to a total of $687,000 by acquiring additional shares during the second quarter.
• Several institutional investors, including Associated Banc Corp and DekaBank Deutsche Girozentrale, have also raised their positions in Paylocity, indicating strong investor interest with 94.76% of the stock held by institutional investors.
• Wall Street analysts have given Paylocity an average rating of "Moderate Buy" with a consensus price target of $220.71, reflecting positive expectations for the company's growth.

R Squared Ltd increased its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 88.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,793 shares of the software maker's stock after acquiring an additional 1,783 shares during the quarter. R Squared Ltd's holdings in Paylocity were worth $687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Associated Banc Corp lifted its holdings in shares of Paylocity by 4.5% in the first quarter. Associated Banc Corp now owns 1,207 shares of the software maker's stock valued at $226,000 after purchasing an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Paylocity by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker's stock valued at $1,097,000 after purchasing an additional 54 shares in the last quarter. Cresset Asset Management LLC lifted its position in Paylocity by 2.4% in the 1st quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker's stock worth $490,000 after buying an additional 62 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Paylocity by 5.7% in the second quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker's stock worth $218,000 after acquiring an additional 65 shares during the last quarter. Finally, TCTC Holdings LLC raised its holdings in shares of Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after acquiring an additional 80 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PCTY. Stephens initiated coverage on Paylocity in a research report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 target price on the stock. Raymond James Financial set a $220.00 price target on shares of Paylocity and gave the company an "outperform" rating in a report on Wednesday, July 30th. Cowen reissued a "buy" rating on shares of Paylocity in a research report on Monday, October 6th. UBS Group lowered their price objective on Paylocity from $195.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Finally, Jefferies Financial Group reduced their target price on Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $220.71.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $151.96 on Friday. The business's 50 day moving average is $165.39 and its 200-day moving average is $178.83. 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 firm has a market capitalization of $8.38 billion, a PE ratio of 37.90, a PEG ratio of 2.92 and a beta of 0.53. Paylocity Holding Corporation has a 1-year low of $147.60 and a 1-year high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly 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 net margin of 14.24% and a return on equity of 22.08%. The firm had revenue of $400.74 million for the quarter, compared to the consensus estimate of $388.25 million. During the same quarter in the previous year, the company earned $1.48 earnings per share. The business's revenue was up 12.2% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Sell-side analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share 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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