State of New Jersey Common Pension Fund D Sells 287 Shares of Paylocity Holding Corporation $PCTY

State of New Jersey Common Pension Fund D reduced its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,189 shares of the software maker’s stock after selling 287 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Paylocity were worth $2,752,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. TCTC Holdings LLC raised its position in 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 purchasing an additional 80 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in Paylocity during the 1st quarter worth about $48,000. Bayforest Capital Ltd grew its holdings in 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 acquiring an additional 121 shares during the period. SVB Wealth LLC acquired a new stake in Paylocity during the 1st quarter worth about $61,000. Finally, IFP Advisors Inc grew its holdings in 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 acquiring an additional 241 shares during the period. 94.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PCTY. Zacks Research downgraded Paylocity from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Cantor Fitzgerald upgraded Paylocity to a “strong-buy” rating in a report on Thursday, September 11th. Jefferies Financial Group decreased their price target on Paylocity from $235.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Raymond James Financial set a $220.00 price target on Paylocity and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, UBS Group decreased their price target on Paylocity from $195.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.71.

Paylocity Stock Performance

Shares of PCTY opened at $149.30 on Wednesday. The company has a market cap of $8.12 billion, a PE ratio of 37.23, a P/E/G ratio of 2.91 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. Paylocity Holding Corporation has a one year low of $147.60 and a one year high of $223.80. The stock has a 50-day moving average of $163.89 and a 200-day moving average of $178.17.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

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.