Strs Ohio Buys New Position in Paylocity Holding Corporation $PCTY

Key Points

• Strs Ohio has invested approximately $1.12 million in Paylocity Holding Corporation, acquiring 5,960 shares in the first quarter.
• Analysts have varying price targets for Paylocity, with KeyCorp raising its target to $225 and Barclays lowering it to $190.
• Paylocity reported earnings of $1.56 per share, exceeding the consensus estimate and showing a 12.2% year-over-year revenue growth.

Strs Ohio acquired a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,960 shares of the software maker's stock, valued at approximately $1,117,000.

A number of other large investors also recently made changes to their positions in PCTY. TCTC Holdings LLC raised its position in shares of Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after buying an additional 80 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Paylocity during the 1st quarter valued at $29,000. Hughes Financial Services LLC acquired a new stake in shares of Paylocity during the 1st quarter worth $48,000. Bayforest Capital Ltd grew 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 worth $55,000 after purchasing an additional 121 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Paylocity in the first quarter worth $61,000. Institutional investors own 94.76% of the company's stock.

Analysts Set New Price Targets

PCTY has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on shares of Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Citigroup cut their price target on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a report on Monday, July 21st. Raymond James Financial set a $220.00 price objective on shares of Paylocity and gave the company an "outperform" rating in a research report on Wednesday, July 30th. UBS Group cut their target price on Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday, September 17th. Finally, Barclays decreased their price target 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.59.

Paylocity Trading Up 2.3%

Shares of PCTY stock traded up $3.83 during trading hours on Monday, hitting $168.05. 420,686 shares of the company's stock traded hands, compared to its average volume of 505,395. The stock has a market cap of $9.27 billion, a PE ratio of 41.91, a price-to-earnings-growth ratio of 3.13 and a beta of 0.51. The stock's 50 day simple moving average is $177.81 and its 200 day simple moving average is $183.94. 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 Holding Corporation has a 12 month low of $159.70 and a 12 month high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 22.08% and a net margin of 14.24%.Paylocity's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS 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.