Cooper Investors PTY Ltd. Reduces Stock Holdings in Paylocity Holding Corporation $PCTY

Key Points

• Cooper Investors PTY Ltd. reduced its holdings in Paylocity Holding Corporation by 6.5%, selling 2,438 shares during Q2, leaving them with about 34,834 shares valued at approximately $6.31 million.
• Despite this reduction, other investors like Vanguard Group and American Century Companies have significantly increased their stakes in Paylocity during the first quarter, reflecting a mixed outlook among institutional investors.
• Paylocity's stock has been assigned various ratings: one strong buy, twelve buy, and five hold, with a consensus price target of $221.59, indicating investor confidence in future growth.

Cooper Investors PTY Ltd. reduced its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,834 shares of the software maker's stock after selling 2,438 shares during the period. Cooper Investors PTY Ltd. owned approximately 0.06% of Paylocity worth $6,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Paylocity by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker's stock valued at $807,966,000 after purchasing an additional 283,430 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Paylocity by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,287,514 shares of the software maker's stock worth $803,224,000 after acquiring an additional 141,705 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Paylocity by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,987,037 shares of the software maker's stock worth $746,932,000 after acquiring an additional 13,027 shares during the period. American Century Companies Inc. lifted its position in Paylocity by 47.0% during the 1st quarter. American Century Companies Inc. now owns 514,194 shares of the software maker's stock worth $96,329,000 after acquiring an additional 164,397 shares during the period. Finally, Northern Trust Corp grew its stake in Paylocity by 1.8% during the 1st quarter. Northern Trust Corp now owns 469,566 shares of the software maker's stock valued at $87,968,000 after purchasing an additional 8,349 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Insider Activity

In related news, SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction 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 completion of the transaction, the senior vice president directly owned 11,953 shares in the company, valued at approximately $2,112,573.22. This trade represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.91% of the company's stock.

Paylocity Stock Down 0.2%

NASDAQ PCTY opened at $165.01 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity Holding Corporation has a 52 week low of $159.70 and a 52 week high of $223.80. The business's fifty day simple moving average is $178.32 and its 200-day simple moving average is $184.54. The firm has a market cap of $9.10 billion, a PE ratio of 41.15, a P/E/G ratio of 3.15 and a beta of 0.51.

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 company 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%.The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PCTY has been the subject of several research reports. UBS Group decreased their price objective on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday. Stephens started coverage on Paylocity in a research note on Monday, July 21st. They issued an "equal weight" rating and a $200.00 target price on the stock. Citigroup reduced their price target on Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Cantor Fitzgerald upgraded shares of Paylocity to a "strong-buy" rating in a research note on Thursday, September 11th. Finally, Jefferies Financial Group lowered their target price on shares of Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Paylocity has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.