KBC Group NV Decreases Stake in Paylocity Holding Corporation $PCTY

KBC Group NV cut its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 9.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,207 shares of the software maker’s stock after selling 1,258 shares during the quarter. KBC Group NV’s holdings in Paylocity were worth $2,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC grew its position in Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after buying an additional 80 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Paylocity by 47.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock valued at $46,000 after acquiring an additional 81 shares during the period. Bayforest Capital Ltd boosted its stake 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 acquiring an additional 121 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Paylocity during the 1st quarter worth approximately $61,000. Finally, IFP Advisors Inc grew its holdings in shares of Paylocity by 248.5% in 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. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PCTY. KeyCorp lifted 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. Weiss Ratings restated a “hold (c-)” rating on shares of Paylocity in a research report on Thursday. BMO Capital Markets decreased their price objective on shares of Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Cowen reissued a “buy” rating on shares of Paylocity in a research note on Monday, October 6th. Finally, Barclays dropped their target price on shares of Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.83.

Paylocity Stock Down 0.2%

PCTY opened at $148.05 on Monday. The firm has a market cap of $8.05 billion, a P/E ratio of 37.11, a PEG ratio of 4.44 and a beta of 0.58. The business’s fifty day simple moving average is $154.87 and its 200 day simple moving average is $174.16. Paylocity Holding Corporation has a 52 week low of $135.46 and a 52 week high of $223.80.

Paylocity (NASDAQ:PCTY) last announced its earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The firm had revenue of $408.17 million during the quarter, compared to the consensus estimate of $399.53 million. During the same quarter in the previous year, the company posted $1.66 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal 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.