111 Capital Buys New Shares in Paylocity Holding Corporation $PCTY

Key Points

• 111 Capital has acquired 4,446 shares of Paylocity Holding Corporation, valued at approximately $806,000, during the second quarter.
• The company's stock shows strong institutional interest, with 94.76% of shares owned by institutional investors and hedge funds.
• Paylocity reported earnings of $1.56 EPS for the last quarter, exceeding expectations and demonstrating a 12.2% year-over-year revenue increase.

111 Capital bought a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,446 shares of the software maker's stock, valued at approximately $806,000.

Other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC raised its stake in Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Paylocity in the 1st quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in shares of Paylocity in the 1st quarter valued at $48,000. Bayforest Capital Ltd raised its stake in shares of Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after buying an additional 121 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Paylocity in the 1st quarter valued at $61,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a research note on Monday, July 21st. BMO Capital Markets increased their price objective 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. KeyCorp increased their price objective on shares of Paylocity from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. 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 report on Wednesday, September 17th. Finally, Cantor Fitzgerald raised shares of Paylocity to a "strong-buy" rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.59.

Paylocity Stock Up 0.4%

Shares of NASDAQ PCTY opened at $155.65 on Friday. The firm has a market capitalization of $8.59 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity Holding Corporation has a 1 year low of $151.71 and a 1 year high of $223.80. The firm's 50-day moving average is $173.41 and its 200-day moving average is $182.26.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. The company had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current 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.

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