Envestnet Portfolio Solutions Inc. Has $498,000 Stock Position in Paylocity Holding Corporation $PCTY

Envestnet Portfolio Solutions Inc. reduced its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 19.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,749 shares of the software maker’s stock after selling 653 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Paylocity were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PCTY. GAMMA Investing LLC raised its position in Paylocity by 41.9% during the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker’s stock valued at $102,000 after purchasing an additional 161 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Paylocity during the first quarter worth $359,000. Janney Montgomery Scott LLC grew its stake in shares of Paylocity by 6.5% during the first quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker’s stock worth $1,179,000 after buying an additional 383 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Paylocity by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 5,106 shares of the software maker’s stock worth $956,000 after buying an additional 145 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Paylocity by 0.4% during the first quarter. Retirement Systems of Alabama now owns 53,057 shares of the software maker’s stock worth $9,940,000 after buying an additional 186 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Stock Performance

Shares of PCTY opened at $154.88 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 capitalization of $8.54 billion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53. The firm’s fifty day simple moving average is $166.22 and its two-hundred day simple moving average is $179.17. Paylocity Holding Corporation has a 12 month low of $147.60 and a 12 month high of $223.80.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.18. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The firm had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business’s quarterly revenue 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. As a group, analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on PCTY. Cantor Fitzgerald raised shares of Paylocity to a “strong-buy” rating in a research note on Thursday, September 11th. Zacks Research cut shares of Paylocity from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Jefferies Financial Group decreased their target price on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. BMO Capital Markets boosted their target price on shares of Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of Paylocity in a research note on Friday, July 18th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.