Bayforest Capital Ltd Acquires 1,959 Shares of Paylocity Holding Corporation $PCTY

Key Points

• Bayforest Capital Ltd increased its stake in Paylocity Holding Corporation by 661.8%, purchasing an additional 1,959 shares, bringing its total holdings to 2,255 shares valued at approximately $409,000.
• Paylocity reported earnings of $1.56 per share for the last quarter, exceeding analyst estimates of $1.38, with revenue reaching $400.74 million, up 12.2% year-over-year.
• Currently, institutional investors own 94.76% of Paylocity, with several firms significantly increasing their stakes recently, indicating strong institutional interest in the company.

Bayforest Capital Ltd raised its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 661.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,255 shares of the software maker's stock after purchasing an additional 1,959 shares during the quarter. Bayforest Capital Ltd's holdings in Paylocity were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC lifted its holdings in shares of Paylocity by 115.9% in the 1st 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 last quarter. Hughes Financial Services LLC bought a new stake in shares of Paylocity in the 1st quarter valued at approximately $48,000. SVB Wealth LLC bought a new stake in shares of Paylocity in the 1st quarter valued at approximately $61,000. IFP Advisors Inc lifted its stake in shares of Paylocity by 248.5% in the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker's stock valued at $61,000 after purchasing an additional 241 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Paylocity by 41.9% in the 1st quarter. GAMMA Investing LLC now owns 545 shares of the software maker's stock valued at $102,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 94.76% of the company's stock.

Paylocity Trading Down 0.9%

Shares of PCTY opened at $149.86 on Thursday. Paylocity Holding Corporation has a 1-year low of $148.54 and a 1-year high of $223.80. The company has a 50-day moving average of $168.18 and a 200 day moving average of $180.14. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 2.91 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PCTY shares. Weiss Ratings restated a "hold (c)" rating on shares of Paylocity in a research report on Wednesday, October 8th. Cowen restated a "buy" rating on shares of Paylocity in a report on Monday, October 6th. UBS Group lowered their target price on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, September 17th. Barclays decreased their price objective on shares of Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a research note on Monday, July 21st. Finally, Stephens started coverage on shares of Paylocity in a research note on Monday, July 21st. They issued an "equal weight" rating and a $200.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Paylocity has an average rating of "Moderate Buy" and a consensus price target of $221.59.

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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