Geode Capital Management LLC Sells 11,294 Shares of Paylocity Holding Corporation $PCTY

Geode Capital Management LLC lessened its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 1.0% during the 2nd quarter, Holdings Channel reports. The fund owned 1,141,864 shares of the software maker’s stock after selling 11,294 shares during the period. Geode Capital Management LLC’s holdings in Paylocity were worth $206,916,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PCTY. Vanguard Group Inc. grew its stake in Paylocity by 7.0% in the first quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock valued at $807,966,000 after purchasing an additional 283,430 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Paylocity in the 1st quarter valued at about $47,998,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Paylocity by 1,995.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock worth $47,073,000 after buying an additional 247,400 shares during the last quarter. American Century Companies Inc. grew its position in shares of Paylocity by 47.0% in the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock worth $96,329,000 after buying an additional 164,397 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in shares of Paylocity during the 2nd quarter worth approximately $28,760,000. 94.76% of the stock is owned by institutional investors.

Paylocity Price Performance

PCTY stock opened at $145.32 on Tuesday. Paylocity Holding Corporation has a 1 year low of $135.46 and a 1 year high of $223.80. The firm has a market capitalization of $7.90 billion, a P/E ratio of 36.42, a P/E/G ratio of 4.44 and a beta of 0.58. The business’s 50-day moving average is $154.31 and its two-hundred day moving average is $173.81.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PCTY shares. UBS Group cut their price target 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. Barclays cut their target price on Paylocity from $195.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Citigroup reduced their price target on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Zacks Research upgraded Paylocity from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Citizens Jmp decreased their target price on shares of Paylocity from $270.00 to $245.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Paylocity presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.83.

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.