Venturi Wealth Management LLC Sells 163 Shares of Paylocity Holding Corporation $PCTY

Venturi Wealth Management LLC decreased its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 9.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,523 shares of the software maker’s stock after selling 163 shares during the period. Venturi Wealth Management LLC’s holdings in Paylocity were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Paylocity by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock valued at $807,966,000 after acquiring an additional 283,430 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Paylocity by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,287,514 shares of the software maker’s stock valued at $803,224,000 after acquiring an additional 141,705 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Paylocity by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,987,037 shares of the software maker’s stock valued at $746,932,000 after acquiring an additional 13,027 shares during the period. American Century Companies Inc. grew its position in shares of Paylocity by 47.0% during the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker’s stock valued at $96,329,000 after acquiring an additional 164,397 shares during the period. Finally, Northern Trust Corp grew its position in shares of Paylocity by 1.8% during the 1st quarter. Northern Trust Corp now owns 469,566 shares of the software maker’s stock valued at $87,968,000 after acquiring an additional 8,349 shares during the period. Institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Paylocity in a research report on Monday. Stephens began coverage on shares of Paylocity in a research note on Monday, July 21st. They set an “equal weight” rating and a $200.00 target price on the stock. Raymond James Financial set a $220.00 target price on shares of Paylocity and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Paylocity in a research note on Wednesday. Finally, UBS Group lowered their target price on shares of Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.59.

Paylocity Stock Down 1.6%

Shares of PCTY stock opened at $150.49 on Friday. The stock has a market cap of $8.30 billion, a P/E ratio of 37.53, a PEG ratio of 2.94 and a beta of 0.53. Paylocity Holding Corporation has a 52 week low of $150.47 and a 52 week high of $223.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $170.17 and its two-hundred day simple moving average is $180.96.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. The business 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 business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts predict that Paylocity Holding Corporation will post 4.36 EPS 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.