Paylocity Holding Corporation $PCTY Shares Sold by Swedbank AB

Swedbank AB lessened its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 25.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 111,400 shares of the software maker’s stock after selling 39,000 shares during the period. Swedbank AB’s holdings in Paylocity were worth $16,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PCTY. Alyeska Investment Group L.P. acquired a new position in Paylocity in the 3rd quarter valued at about $104,657,000. AQR Capital Management LLC increased its position in Paylocity by 500.6% in the 2nd quarter. AQR Capital Management LLC now owns 449,935 shares of the software maker’s stock valued at $81,438,000 after acquiring an additional 375,023 shares during the period. Millennium Management LLC increased its position in Paylocity by 97.7% in the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after acquiring an additional 369,975 shares during the period. Assenagon Asset Management S.A. increased its position in Paylocity by 311.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 432,070 shares of the software maker’s stock valued at $65,891,000 after acquiring an additional 327,082 shares during the period. Finally, Two Sigma Investments LP increased its position in Paylocity by 114.6% in the 3rd quarter. Two Sigma Investments LP now owns 516,798 shares of the software maker’s stock valued at $82,310,000 after acquiring an additional 275,959 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Key Stories Impacting Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Paylocity beat Q3 earnings and revenue estimates, reporting $2.89 EPS versus $2.58 expected and $502.3 million in revenue versus $489.9 million expected. Paylocity Announces Third Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: The company’s fourth-quarter revenue guidance of $428.4 million to $433.4 million came in above the consensus estimate of $424.0 million, signaling management expects solid near-term demand. Paylocity Announces Third Quarter Fiscal Year 2026 Financial Results
• Neutral Sentiment: Analysts remained constructive overall, with BMO Capital raising its target to $143 and Citizens JMP lowering its target to $150 while keeping an outperform rating, suggesting upside remains but expectations have been adjusted. Benzinga Tickerreport.com
• Negative Sentiment: Stephens cut its price target sharply to $120 from $160 and reduced its rating to equal weight, reflecting a more cautious view on valuation or growth prospects. Benzinga The Fly

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PCTY shares. Stephens dropped their price target on Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday. Robert W. Baird set a $193.00 target price on Paylocity in a research report on Friday. BTIG Research dropped their target price on Paylocity from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paylocity in a research report on Friday, April 24th. Finally, Mizuho dropped their target price on Paylocity from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Fourteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Paylocity has an average rating of “Moderate Buy” and an average target price of $161.39.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $110.98 on Friday. The business’s 50 day simple moving average is $107.07 and its 200-day simple moving average is $128.85. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 3.16 and a beta of 0.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.04 and a quick ratio of 1.04. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $201.97.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Thursday, February 5th. The software maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.57 by $0.28. The business had revenue of $416.13 million for the quarter, compared to analyst estimates of $408.37 million. Paylocity had a return on equity of 25.83% and a net margin of 14.94%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 EPS. As a group, equities analysts forecast that Paylocity Holding Corporation will post 5.31 earnings per share for the current fiscal year.

Paylocity Company Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.