Ieq Capital LLC Takes $20.12 Million Position in Paylocity Holding Corporation $PCTY

Ieq Capital LLC acquired a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 192,472 shares of the software maker’s stock, valued at approximately $20,119,000.

A number of other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Paylocity in the 4th quarter worth approximately $30,000. Advisory Services Network LLC purchased a new position in shares of Paylocity during the 3rd quarter worth $38,000. Optiver Holding B.V. lifted its stake in shares of Paylocity by 5,925.0% during the 1st quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after purchasing an additional 237 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Paylocity during the second quarter worth $27,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in shares of Paylocity by 4,250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock worth $28,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Up 0.6%

Shares of NASDAQ PCTY opened at $153.34 on Friday. The stock has a market capitalization of $8.14 billion, a PE ratio of 30.98 and a beta of 0.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $126.14 and a 200-day moving average of $115.25. Paylocity Holding Corporation has a 52-week low of $92.99 and a 52-week high of $182.83.

Paylocity (NASDAQ:PCTY) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.22. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The business had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. During the same period last year, the company posted $1.56 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Paylocity Holding Corporation will post 6.86 EPS for the current year.

Insider Transactions at Paylocity

In other news, SVP Joshua Scutt sold 4,730 shares of Paylocity stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.82, for a total value of $708,648.60. Following the transaction, the senior vice president directly owned 75,729 shares of the company’s stock, valued at $11,345,718.78. The trade was a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ryan Glenn sold 3,345 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.75, for a total value of $500,913.75. Following the sale, the chief financial officer owned 122,563 shares of the company’s stock, valued at $18,353,809.25. The trade was a 2.66% 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. Over the last ninety days, insiders have sold 30,300 shares of company stock valued at $4,553,607. Insiders own 19.40% of the company’s stock.

Paylocity News Summary

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: TD Cowen raised its price target for Paylocity from $168 to $177 and maintained a “buy” rating, indicating potential upside from the referenced share price. The move signals continued confidence in Paylocity’s growth outlook. Benzinga analyst price-target report
• Positive Sentiment: Paylocity’s 50-day moving average recently moved above its 200-day average, forming a bullish “golden cross.” This technical signal could attract momentum-focused investors and reinforce the stock’s ongoing uptrend. Zacks golden cross analysis
• Positive Sentiment: Recent coverage highlighted the extension of Paylocity’s uptrend after a strong quarterly report. The company reported adjusted earnings of $1.84 per share versus the $1.62 consensus estimate and revenue of $444.7 million versus expectations of $431.5 million, with revenue up 11% year over year. Kalkine Media Paylocity uptrend report
• Neutral Sentiment: CFO Ryan Glenn, SVPs Andrew Cappotelli and Joshua Scutt, and Director Steven I. Sarowitz sold a combined 19,164 shares worth approximately $2.87 million. Because the transactions were executed under pre-arranged Rule 10b5-1 plans, they are a limited signal of near-term pessimism. Sarowitz still owns more than 4.48 million shares, and the other executives retain substantial positions. SEC insider transaction filing

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PCTY shares. Barclays upped their target price on Paylocity from $128.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Paylocity in a research note on Thursday, August 6th. Robert W. Baird set a $201.00 price target on Paylocity in a report on Wednesday, August 5th. TD Cowen upped their price objective on shares of Paylocity from $168.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stephens cut their price objective on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold 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 $160.53.

Paylocity 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.