RFG Advisory LLC Takes Position in Paylocity Holding Corporation $PCTY

Posted by Francis Steltz on Sep 12th, 2026

RFG Advisory LLC acquired a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 11,096 shares of the software maker’s stock, valued at approximately $1,160,000.

Several other institutional investors also recently modified their holdings of the stock. State of Michigan Retirement System raised its stake in Paylocity by 1.0% in the first quarter. State of Michigan Retirement System now owns 10,472 shares of the software maker’s stock valued at $1,131,000 after purchasing an additional 100 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Paylocity by 3.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,419 shares of the software maker’s stock worth $521,000 after buying an additional 106 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Paylocity by 35.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 428 shares of the software maker’s stock worth $77,000 after buying an additional 111 shares in the last quarter. State of Wyoming raised its position in shares of Paylocity by 16.0% during the 1st quarter. State of Wyoming now owns 861 shares of the software maker’s stock valued at $93,000 after buying an additional 119 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Paylocity by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 7,382 shares of the software maker’s stock valued at $1,126,000 after buying an additional 122 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Paylocity Trading Down 0.8%

Shares of PCTY opened at $141.66 on Friday. The firm’s 50-day moving average price is $140.06 and its 200-day moving average price is $119.13. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 28.62 and a beta of 0.45. Paylocity Holding Corporation has a 1-year low of $92.99 and a 1-year high of $172.21.

Paylocity (NASDAQ:PCTY – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.22. The company had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. Sell-side analysts anticipate that Paylocity Holding Corporation will post 6.92 EPS for the current year.

Insider Buying and Selling at Paylocity

In related news, SVP Joshua Scutt sold 4,730 shares of Paylocity stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $149.82, for a total transaction of $708,648.60. Following the completion of the transaction, the senior vice president directly owned 75,729 shares of the company’s stock, valued at $11,345,718.78. This trade represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Andrew Cappotelli sold 2,550 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $382,066.50. Following the completion of the sale, the senior vice president owned 44,329 shares in the company, valued at approximately $6,641,814.07. This trade represents a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 54,214 shares of company stock valued at $8,322,580. Company insiders own 19.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Zacks Research downgraded Paylocity from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Cantor Fitzgerald lifted their price target on Paylocity from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. BTIG Research upped their price objective on Paylocity from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Barclays upped their price objective on Paylocity from $128.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.53.

View Our Latest Analysis on PCTY

Paylocity Profile

(Free Report)

Paylocity Holding Corporation is a provider of cloud-based human capital management (HCM) and workforce management software. Its platform is designed to help organizations manage payroll, human resources, employee benefits, talent, compliance and workforce operations through a unified system.

The company’s products and services include payroll processing, time and labor management, benefits administration, recruiting, onboarding, performance management, employee surveys and workplace communication tools.