Yorktown Management & Research Co Inc Has $598,000 Holdings in Paylocity Holding Corporation $PCTY

Yorktown Management & Research Co Inc lessened its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 22.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,300 shares of the software maker’s stock after selling 950 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in Paylocity were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PCTY. Vanguard Group Inc. boosted its holdings in shares of Paylocity by 7.0% during the first quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock worth $807,966,000 after acquiring an additional 283,430 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Paylocity during the first quarter worth approximately $47,998,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Paylocity by 1,995.2% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock worth $47,073,000 after acquiring an additional 247,400 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of Paylocity during the first quarter worth approximately $37,085,000. Finally, American Century Companies Inc. boosted its holdings in shares of Paylocity by 47.0% during the first quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock worth $96,329,000 after acquiring an additional 164,397 shares during the period. Institutional investors own 94.76% of the company’s stock.

Paylocity Trading Down 1.4%

Shares of PCTY stock opened at $149.30 on Wednesday. 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 stock has a market cap of $8.12 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.53. The stock has a 50 day simple moving average of $163.89 and a 200 day simple moving average of $178.17. Paylocity Holding Corporation has a 1 year low of $147.60 and a 1 year high of $223.80.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The business had revenue of $400.74 million during the quarter, compared to analysts’ expectations of $388.25 million. During the same period in the previous year, the company posted $1.48 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PCTY has been the subject of a number of research analyst reports. Guggenheim initiated coverage on Paylocity in a report on Thursday, September 25th. They set a “neutral” rating for the company. Zacks Research cut Paylocity from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. KeyCorp boosted their price objective on Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of Paylocity in a research note on Friday, July 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Paylocity in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Paylocity has a consensus rating of “Moderate Buy” and an average price target of $220.71.

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.