Algert Global LLC Makes New Investment in Paylocity Holding Corporation $PCTY

Key Points

• Algert Global LLC has made a new investment of approximately $1.47 million in Paylocity Holding Corporation, acquiring 7,830 shares in the first quarter.
• Paylocity reported $1.56 earnings per share, surpassing analysts' expectations, and showed a 12.2% increase in quarterly revenue year-over-year.
• Institutional investors collectively own 94.76% of Paylocity's stock, indicating strong institutional confidence in the company.

Algert Global LLC purchased a new position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,830 shares of the software maker's stock, valued at approximately $1,467,000.

Several other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. lifted its stake in shares of Paylocity by 59.7% in the first quarter. Raymond James Financial Inc. now owns 54,605 shares of the software maker's stock worth $10,230,000 after acquiring an additional 20,423 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Paylocity by 2.4% during the 1st quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker's stock worth $490,000 after buying an additional 62 shares during the last quarter. American Century Companies Inc. lifted its holdings in Paylocity by 47.0% during the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker's stock worth $96,329,000 after buying an additional 164,397 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Paylocity during the 1st quarter worth approximately $1,363,000. Finally, Russell Investments Group Ltd. lifted its holdings in Paylocity by 103.0% during the 1st quarter. Russell Investments Group Ltd. now owns 70,290 shares of the software maker's stock worth $13,168,000 after buying an additional 35,665 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Stock Performance

PCTY traded up $4.10 during trading hours on Wednesday, hitting $181.29. The company's stock had a trading volume of 220,878 shares, compared to its average volume of 481,529. Paylocity Holding Corporation has a fifty-two week low of $150.87 and a fifty-two week high of $223.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $10.00 billion, a PE ratio of 45.20, a PEG ratio of 3.56 and a beta of 0.54. The company has a 50-day simple moving average of $181.02 and a 200 day simple moving average of $188.72.

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

Insider Buying and Selling

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the transaction, the senior vice president directly owned 11,953 shares of the company's stock, valued at approximately $2,112,573.22. This trade represents a 12.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $270.00 target price on shares of Paylocity in a report on Tuesday, April 29th. Cantor Fitzgerald assumed coverage on Paylocity in a report on Thursday, August 14th. They set an "overweight" rating and a $215.00 target price on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $258.00 target price (up previously from $254.00) on shares of Paylocity in a report on Friday, May 2nd. Stephens assumed coverage on Paylocity in a report on Monday, July 21st. They set an "equal weight" rating and a $200.00 target price on the stock. Finally, Citigroup dropped their price target on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.71.

Paylocity 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.