Paylocity Holding Corporation $PCTY Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,166 shares of the software maker’s stock after acquiring an additional 731 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Paylocity were worth $4,197,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC boosted its holdings in shares of Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock valued at $28,000 after acquiring an additional 80 shares during the period. Hughes Financial Services LLC acquired a new position in Paylocity during the 1st quarter valued at about $48,000. Bayforest Capital Ltd raised its stake in Paylocity by 69.1% during the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock valued at $55,000 after acquiring an additional 121 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Paylocity during the first quarter valued at about $61,000. Finally, IFP Advisors Inc lifted its holdings in Paylocity by 248.5% in the second quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock worth $61,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

PCTY has been the topic of several research analyst reports. BMO Capital Markets raised their target price on shares of Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Jefferies Financial Group dropped their price target on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Zacks Research downgraded shares of Paylocity from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. UBS Group dropped their target price on Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Finally, Guggenheim assumed coverage on Paylocity in a report on Thursday, September 25th. They set a “neutral” rating on the stock. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.71.

Paylocity Stock Down 1.9%

NASDAQ PCTY opened at $151.98 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $165.78 and its 200 day simple moving average is $178.99. Paylocity Holding Corporation has a 12 month low of $147.60 and a 12 month high of $223.80. The company has a market capitalization of $8.38 billion, a P/E ratio of 37.90, a PEG ratio of 2.98 and a beta of 0.53.

Paylocity (NASDAQ:PCTY) last released 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 business had revenue of $400.74 million for the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts expect that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

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.