Envestnet Portfolio Solutions Inc. Sells 653 Shares of Paylocity Holding Corporation $PCTY

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 19.2% in the second quarter, Holdings Channel reports. The fund owned 2,749 shares of the software maker’s stock after selling 653 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Paylocity were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PCTY. Vanguard Group Inc. boosted its holdings in Paylocity by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock worth $807,966,000 after buying an additional 283,430 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Paylocity by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,287,514 shares of the software maker’s stock worth $803,224,000 after buying an additional 141,705 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Paylocity by 0.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,987,037 shares of the software maker’s stock worth $746,932,000 after buying an additional 13,027 shares during the period. American Century Companies Inc. boosted its holdings in 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 period. Finally, Northern Trust Corp boosted its holdings in Paylocity by 1.8% in the 1st quarter. Northern Trust Corp now owns 469,566 shares of the software maker’s stock worth $87,968,000 after buying an additional 8,349 shares during the period. 94.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on PCTY. Cantor Fitzgerald raised shares of Paylocity to a “strong-buy” rating in a report on Thursday, September 11th. Citigroup cut their price objective on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a report on Monday, July 21st. Raymond James Financial set a $220.00 price objective on shares of Paylocity and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays lowered their target price on shares of Paylocity from $195.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Paylocity in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $220.71.

Paylocity Stock Performance

Paylocity stock opened at $154.88 on Wednesday. The stock has a market cap 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 moving average price is $166.22 and its 200-day moving average price is $179.17. Paylocity Holding Corporation has a fifty-two week low of $147.60 and a fifty-two week high of $223.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14.

Paylocity (NASDAQ:PCTY) last issued its earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $400.74 million for the quarter, compared to analysts’ expectations of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts expect that Paylocity Holding Corporation will post 4.36 earnings per share 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.