Capital Impact Advisors LLC Acquires Shares of 36,585 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 acquired a new position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,585 shares of the software maker's stock, valued at approximately $6,854,000. Paylocity comprises 2.6% of Capital Impact Advisors LLC's portfolio, making the stock its 22nd biggest holding. Capital Impact Advisors LLC owned 0.07% of Paylocity at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PCTY. BNP Paribas Financial Markets lifted its holdings in shares of Paylocity by 393.6% in the 4th 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. D. E. Shaw & Co. Inc. increased its stake in Paylocity by 229.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 91,372 shares of the software maker's stock worth $18,226,000 after buying an additional 63,602 shares during the period. Focus Partners Wealth purchased a new stake in Paylocity during the 4th quarter worth approximately $219,000. Millennium Management LLC increased its stake in Paylocity by 8.8% during the 4th quarter. Millennium Management LLC now owns 113,475 shares of the software maker's stock worth $22,635,000 after buying an additional 9,151 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Paylocity by 11.0% during the 4th quarter. Nuveen Asset Management LLC now owns 104,381 shares of the software maker's stock worth $20,821,000 after buying an additional 10,321 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PCTY. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price objective on shares of Paylocity in a research report on Friday, July 18th. KeyCorp increased their target price on shares of Paylocity from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Stephens began coverage on shares of Paylocity in a research note on Monday, July 21st. They set an "equal weight" rating and a $200.00 price target for the company. BMO Capital Markets raised their price objective on shares of Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Barclays dropped their target price on shares of Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Paylocity has a consensus rating of "Moderate Buy" and a consensus target price of $222.71.

Paylocity Trading Down 0.3%

PCTY traded down $0.48 during midday trading on Monday, reaching $169.20. 150,797 shares of the company were exchanged, compared to its average volume of 484,780. Paylocity Holding Corporation has a one year low of $156.55 and a one 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 capitalization of $9.33 billion, a P/E ratio of 42.29, a PEG ratio of 3.23 and a beta of 0.51. The stock's 50-day simple moving average is $179.79 and its 200 day simple moving average is $185.35.

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

Insider Buying and Selling

In other 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 sale, the senior vice president directly owned 11,953 shares of the company's stock, valued at approximately $2,112,573.22. This represents a 12.56% decrease in their position. The transaction 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.

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.