Teacher Retirement System of Texas Purchases 4,658 Shares of Paylocity Holding Corporation $PCTY

Teacher Retirement System of Texas boosted its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,892 shares of the software maker’s stock after purchasing an additional 4,658 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Paylocity worth $7,409,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Associated Banc Corp grew its holdings in shares of Paylocity by 4.5% in the 1st quarter. Associated Banc Corp now owns 1,207 shares of the software maker’s stock valued at $226,000 after acquiring an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Paylocity by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock valued at $1,097,000 after acquiring an additional 54 shares in the last quarter. Cresset Asset Management LLC grew its holdings in shares of Paylocity by 2.4% in the 1st quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker’s stock valued at $490,000 after acquiring an additional 62 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Paylocity by 5.7% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock valued at $218,000 after acquiring an additional 65 shares in the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of Paylocity by 115.9% in the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Trading Down 0.2%

Shares of PCTY stock opened at $141.11 on Friday. The firm has a 50 day moving average price of $162.35 and a two-hundred day moving average price of $177.60. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $7.67 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. Paylocity Holding Corporation has a 12-month low of $140.49 and a 12-month high of $223.80.

Paylocity (NASDAQ:PCTY) 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. The firm had revenue of $400.74 million during the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PCTY. Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of Paylocity in a report on Friday, July 18th. Jefferies Financial Group decreased their price objective 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 objective on Paylocity and gave the company an “outperform” rating in a report on Wednesday, July 30th. Citigroup reduced their price target on Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a report on Monday, July 21st. Finally, Stephens initiated coverage on Paylocity in a report on Monday, July 21st. They set an “equal weight” rating and a $200.00 price target for the company. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.71.

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.