Ardsley Advisory Partners LP Invests $787,000 in Paylocity Holding Corporation $PCTY

Key Points

• Ardsley Advisory Partners LP has acquired a new stake in Paylocity Holding Corporation (PCTY), purchasing 4,200 shares valued at approximately $787,000.
• Paylocity reported $1.56 earnings per share for the last quarter, exceeding analysts' expectations and showing a year-over-year revenue growth of 12.2%.
• Thirteen investment analysts currently rate Paylocity's stock as a Buy, with an average price target of $222.71.

Ardsley Advisory Partners LP purchased a new stake in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,200 shares of the software maker's stock, valued at approximately $787,000.

A number of other institutional investors and hedge funds have also modified their holdings of PCTY. Comerica Bank lifted its stake in shares of Paylocity by 1.2% during the 4th quarter. Comerica Bank now owns 20,672 shares of the software maker's stock worth $4,124,000 after purchasing an additional 249 shares during the period. Ameriprise Financial Inc. lifted its holdings in Paylocity by 1.2% in the fourth quarter. Ameriprise Financial Inc. now owns 291,440 shares of the software maker's stock worth $58,134,000 after acquiring an additional 3,548 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Paylocity by 393.6% in the fourth quarter. BNP Paribas Financial Markets now owns 37,864 shares of the software maker's stock worth $7,553,000 after acquiring an additional 30,193 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Paylocity during the fourth quarter valued at approximately $201,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Paylocity during the fourth quarter valued at approximately $818,000. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Stock Performance

Shares of PCTY traded up $0.03 during trading hours on Monday, reaching $174.43. 150,056 shares of the company traded hands, compared to its average volume of 481,650. Paylocity Holding Corporation has a 1-year low of $152.95 and a 1-year 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. The stock has a market cap of $9.62 billion, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51. The stock's fifty day moving average is $180.93 and its 200 day moving average is $186.50.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. The firm had revenue of $400.74 million during 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling 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 sale, the senior vice president owned 11,953 shares of the company's stock, valued at $2,112,573.22. This trade represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PCTY shares. Barclays decreased their price target on shares of Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a research report on Monday, July 21st. Stephens assumed coverage on shares of Paylocity in a research note on Monday, July 21st. They set an "equal weight" rating and a $200.00 target price for the company. Raymond James Financial set a $220.00 price objective on shares of Paylocity and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Jefferies Financial Group reduced their price objective on shares of Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Paylocity from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $222.71.

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.