William Blair Investment Management LLC Has $86.59 Million Holdings in Paylocity Holding Corporation $PCTY

Key Points

• William Blair Investment Management LLC has reduced its position in Paylocity Holding Corporation by 30.4%, bringing its holdings to 477,895 shares worth approximately $86.59 million.
• Paylocity recently reported earnings per share of $1.56 for the last quarter, exceeding estimates and showing a 12.2% year-over-year revenue increase.
• Analysts have mixed opinions on Paylocity's stock; while some have lowered their price targets, others maintain a consensus rating of "Moderate Buy" with an average target price of $221.59.

William Blair Investment Management LLC cut its position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 30.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 477,895 shares of the software maker's stock after selling 209,110 shares during the period. William Blair Investment Management LLC owned 0.87% of Paylocity worth $86,590,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PCTY. TCTC Holdings LLC grew its stake in shares of Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Hughes Financial Services LLC bought a new stake in shares of Paylocity during the first quarter valued at approximately $48,000. Bayforest Capital Ltd grew its stake in shares of Paylocity by 69.1% during the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after purchasing an additional 121 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Paylocity during the first quarter valued at approximately $61,000. Finally, IFP Advisors Inc grew its stake in shares of Paylocity by 248.5% during the second quarter. IFP Advisors Inc now owns 338 shares of the software maker's stock valued at $61,000 after purchasing an additional 241 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Paylocity Trading Up 1.2%

PCTY opened at $150.32 on Friday. The firm's fifty day moving average is $166.95 and its two-hundred day moving average is $179.53. 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 firm has a market cap of $8.29 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53. Paylocity Holding Corporation has a twelve month low of $147.60 and a twelve month high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The company had revenue of $400.74 million during the quarter, compared to the consensus estimate of $388.25 million. During the same quarter in the prior year, the firm earned $1.48 earnings per share. The firm'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. Equities research analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PCTY shares. Barclays cut their price objective on shares of Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a report on Monday, July 21st. UBS Group cut their price objective on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Weiss Ratings restated a "hold (c)" rating on shares of Paylocity in a report on Wednesday, October 8th. BMO Capital Markets increased their price objective on shares of Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Guggenheim started coverage on shares of Paylocity in a report on Thursday, September 25th. They issued a "neutral" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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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