Acadian Asset Management LLC Acquires 55,972 Shares of Paylocity Holding Corporation $PCTY

Key Points

• Acadian Asset Management LLC increased its stake in Paylocity Holding Corporation by 355.7%, acquiring an additional 55,972 shares during the first quarter, bringing their total ownership to 71,706 shares worth approximately $13.4 million.
• Analysts have mixed ratings on Paylocity, with a consensus price target of $222.71 and several firms adjusting their price objectives, including BMO Capital Markets raising theirs from $226 to $230.
• The company recently reported earnings of $1.56 per share, surpassing expectations, with a revenue of $400.74 million, showcasing a 12.2% year-over-year growth.

Acadian Asset Management LLC grew its holdings in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 355.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,706 shares of the software maker's stock after acquiring an additional 55,972 shares during the quarter. Acadian Asset Management LLC owned 0.13% of Paylocity worth $13,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PCTY. TCTC Holdings LLC boosted its position in shares of Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after acquiring an additional 80 shares during the period. USA Financial Formulas acquired a new position in Paylocity in the first quarter valued at about $29,000. Hughes Financial Services LLC acquired a new position in shares of Paylocity in the 1st quarter valued at approximately $48,000. Bayforest Capital Ltd lifted its holdings in shares of Paylocity by 69.1% during the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock worth $55,000 after acquiring an additional 121 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of Paylocity during the 1st quarter worth approximately $61,000. Institutional investors own 94.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PCTY shares. UBS Group boosted their price objective on shares of Paylocity from $201.00 to $202.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Stephens started coverage on Paylocity in a report on Monday, July 21st. They set an "equal weight" rating and a $200.00 price target for the company. Barclays reduced their price objective on Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Monday, July 21st. BMO Capital Markets boosted their target price on Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group lowered their target price on Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Paylocity currently has an average rating of "Moderate Buy" and a consensus price target of $222.71.

Insider Transactions at Paylocity

In related news, SVP Andrew Cappotelli sold 1,717 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total value of $303,462.58. Following the completion of the transaction, the senior vice president owned 11,953 shares in the company, valued at $2,112,573.22. This trade represents a 12.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.91% of the stock is currently owned by company insiders.

Paylocity Stock Performance

NASDAQ PCTY opened at $171.93 on Friday. The firm's fifty day moving average price is $180.09 and its two-hundred day moving average price is $185.82. The stock has a market cap of $9.48 billion, a PE ratio of 42.88, a PEG ratio of 3.35 and a beta of 0.51. Paylocity Holding Corporation has a fifty-two week low of $154.51 and a fifty-two week high of $223.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Paylocity Company Profile

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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