Capital Impact Advisors LLC Has $7.81 Million Position in Paylocity Holding Corporation $PCTY

Key Points

• Capital Impact Advisors increased its Paylocity stake by 45.2% to 49,041 shares valued at $7.81M, making it the firm's 28th largest holding while institutional investors own about 94.76% of the stock.
• Paylocity beat expectations for the quarter with EPS of $1.85 vs. $1.57 expected and revenue of $416.1M (up 10.4% YoY), and reported a net margin of 14.19% and ROE of 23.44%.
• Analysts have trimmed some price targets (e.g., Stifel to $165, BMO to $150) but the consensus rating is a Moderate Buy with an average target of $180.05, while shares trade around $109 (52‑week range $100.50–$201.97).

Capital Impact Advisors LLC grew its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 45.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,041 shares of the software maker's stock after purchasing an additional 15,256 shares during the quarter. Paylocity makes up 1.7% of Capital Impact Advisors LLC's holdings, making the stock its 28th biggest holding. Capital Impact Advisors LLC owned approximately 0.09% of Paylocity worth $7,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Paylocity in the third quarter valued at approximately $41,000. SBI Securities Co. Ltd. boosted its position in Paylocity by 47.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker's stock worth $46,000 after buying an additional 81 shares during the period. True Wealth Design LLC boosted its position in Paylocity by 155.4% during the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker's stock worth $46,000 after buying an additional 174 shares during the period. SJS Investment Consulting Inc. grew its holdings in Paylocity by 14,800.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the software maker's stock worth $47,000 after acquiring an additional 296 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Paylocity during the 2nd quarter worth approximately $51,000. 94.76% of the stock is currently owned by institutional investors.

Paylocity Stock Down 1.0%

Shares of NASDAQ PCTY opened at $109.39 on Friday. The company's 50 day moving average price is $125.34 and its 200-day moving average price is $144.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.04 and a current ratio of 1.04. Paylocity Holding Corporation has a 52-week low of $100.50 and a 52-week high of $201.97. The company has a market capitalization of $5.89 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 3.14 and a beta of 0.58.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.28. Paylocity had a net margin of 14.19% and a return on equity of 23.44%. The company had revenue of $416.13 million during the quarter, compared to analysts' expectations of $408.37 million. During the same period in the prior year, the company posted $1.52 earnings per share. Paylocity's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PCTY. Stifel Nicolaus dropped their price target on shares of Paylocity from $188.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 6th. BMO Capital Markets reduced their price objective on shares of Paylocity from $185.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, February 6th. Cantor Fitzgerald restated an "overweight" rating on shares of Paylocity in a report on Thursday, January 29th. Citigroup reaffirmed an "outperform" rating on shares of Paylocity in a research report on Friday, February 6th. Finally, Robert W. Baird set a $220.00 target price on Paylocity in a report on Friday, February 6th. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $180.05.

Paylocity Profile

Paylocity NASDAQ: PCTY is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company's integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.

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