Capital Impact Advisors LLC Invests $6.85 Million in Paylocity Holding Corporation $PCTY

Key Points

• Capital Impact Advisors LLC has invested $6.85 million in Paylocity Holding Corporation, acquiring 36,585 shares, which constitutes 2.6% of their investment portfolio.
• Paylocity has received varied analyst ratings, including a cut in price objectives by several firms, with a consensus rating of "Moderate Buy" and an average target price of $222.71.
• In its latest earnings report, Paylocity reported an EPS of $1.56, exceeding expectations, along with a year-over-year revenue increase of 12.2%.

Capital Impact Advisors LLC purchased a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 36,585 shares of the software maker's stock, valued at approximately $6,854,000. Paylocity makes up 2.6% of Capital Impact Advisors LLC's investment portfolio, making the stock its 22nd largest position. Capital Impact Advisors LLC owned 0.07% of Paylocity as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCTY. TCTC Holdings LLC raised its stake in shares of Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after purchasing an additional 80 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Paylocity during the 1st quarter worth about $29,000. Hughes Financial Services LLC purchased a new stake in shares of Paylocity during the 1st quarter worth about $48,000. Bayforest Capital Ltd raised its stake 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 purchasing an additional 121 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Paylocity during the 1st quarter worth about $61,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PCTY has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Cantor Fitzgerald initiated coverage on Paylocity in a research note on Thursday, August 14th. They issued an "overweight" rating and a $215.00 price objective on the stock. Stephens initiated coverage on Paylocity in a research note on Monday, July 21st. They issued an "equal weight" rating and a $200.00 price objective on the stock. KeyCorp raised their price objective on Paylocity from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup cut their price objective on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Thirteen 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $222.71.

Paylocity Stock Performance

Shares of NASDAQ PCTY opened at $172.04 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $180.56 and its two-hundred day moving average is $186.18. The company has a market cap of $9.49 billion, a P/E ratio of 42.90, a P/E/G ratio of 3.42 and a beta of 0.51. Paylocity Holding Corporation has a 12 month low of $152.95 and a 12 month high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. The company had revenue of $400.74 million for 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 company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. 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 year.

Insider Buying and Selling

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $176.74, for a total value of $303,462.58. Following the transaction, the senior vice president directly owned 11,953 shares of the company's stock, valued at $2,112,573.22. The trade was a 12.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 21.91% of the stock is currently owned by corporate insiders.

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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