Fox Run Management L.L.C. Increases Stock Holdings in Paylocity Holding Corporation $PCTY

Fox Run Management L.L.C. boosted its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 6.7% in the second quarter, Holdings Channel reports. The fund owned 7,760 shares of the software maker’s stock after buying an additional 486 shares during the quarter. Fox Run Management L.L.C.’s holdings in Paylocity were worth $1,406,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Associated Banc Corp lifted its position in shares of Paylocity by 4.5% during the first quarter. Associated Banc Corp now owns 1,207 shares of the software maker’s stock worth $226,000 after purchasing an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Paylocity by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock valued at $1,097,000 after purchasing an additional 54 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Paylocity by 2.4% during the 1st quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker’s stock valued at $490,000 after purchasing an additional 62 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Paylocity by 5.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock worth $218,000 after buying an additional 65 shares during the period. Finally, TCTC Holdings LLC lifted its holdings in Paylocity by 115.9% in the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Up 2.5%

PCTY opened at $141.88 on Friday. The company’s 50-day moving average price is $157.71 and its 200 day moving average price is $175.80. Paylocity Holding Corporation has a fifty-two week low of $135.46 and a fifty-two week high of $223.80. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 4.17 and a beta of 0.58.

Paylocity (NASDAQ:PCTY) last issued its earnings results on Tuesday, November 4th. The software maker reported $1.75 EPS for the quarter, beating 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%.Paylocity’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JMP Securities set a $245.00 target price on Paylocity in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Paylocity in a research report on Wednesday, October 8th. Citigroup reduced their price target on shares of Paylocity from $225.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Guggenheim began coverage on Paylocity in a research note on Thursday, September 25th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group cut their price objective on Paylocity from $225.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday. 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, Paylocity has a consensus rating of “Moderate Buy” and an average target price of $209.47.

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.