Paylocity Holding Corporation $PCTY Position Increased by Renaissance Group LLC

Renaissance Group LLC raised its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 29.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,216 shares of the software maker’s stock after buying an additional 6,956 shares during the period. Renaissance Group LLC owned approximately 0.05% of Paylocity worth $5,475,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PCTY. Greenland Capital Management LP acquired a new stake in shares of Paylocity during the second quarter worth $2,179,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Paylocity by 33.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 15,249 shares of the software maker’s stock valued at $2,763,000 after purchasing an additional 3,808 shares during the period. Semanteon Capital Management LP purchased a new position in Paylocity in the 2nd quarter worth about $1,394,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Paylocity by 3.0% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 35,625 shares of the software maker’s stock worth $6,455,000 after buying an additional 1,021 shares during the period. Finally, Integrated Quantitative Investments LLC purchased a new stake in Paylocity during the second quarter valued at about $923,000. 94.76% of the stock is owned by institutional investors.

Paylocity Trading Down 0.6%

Shares of NASDAQ:PCTY opened at $144.07 on Thursday. The business has a fifty day simple moving average of $153.27 and a 200 day simple moving average of $173.31. Paylocity Holding Corporation has a 1 year low of $135.46 and a 1 year high of $223.80. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 4.34 and a beta of 0.58.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PCTY shares. JMP Securities set a $245.00 price target on shares of Paylocity in a report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Paylocity in a report on Monday, October 6th. Cantor Fitzgerald set a $190.00 target price on Paylocity in a research report on Wednesday, November 5th. KeyCorp upped their price target on Paylocity from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, UBS Group reduced their price objective on Paylocity from $195.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.83.

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.