Corient Private Wealth LP Invests $15 Million in Paylocity Holding Corporation $PCTY

Key Points

• Corient Private Wealth initiated a $15 million position in Paylocity, buying 143,477 shares and owning approximately 0.27% of the company. Institutional investors and hedge funds collectively hold 94.76% of PCTY.
• Paylocity exceeded quarterly expectations, reporting $1.84 in EPS versus the $1.62 consensus and revenue of $444.73 million versus $431.46 million. Revenue increased 11% year over year, while analysts maintain a “Moderate Buy” consensus and a $160.53 average price target.
• Despite stronger earnings forecasts and positive momentum in its AI-enabled HCM ecosystem, valuation risk remains: PCTY trades at roughly 32 times earnings near its 52-week high, and some insiders have sold shares under pre-arranged trading plans.

Corient Private Wealth LP bought a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 143,477 shares of the software maker's stock, valued at approximately $14,998,000. Corient Private Wealth LP owned 0.27% of Paylocity at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new stake in Paylocity in the 4th quarter worth $30,000. Advisory Services Network LLC acquired a new position in shares of Paylocity during the third quarter valued at about $38,000. Optiver Holding B.V. raised its position in shares of Paylocity by 5,925.0% during the first quarter. Optiver Holding B.V. now owns 241 shares of the software maker's stock valued at $26,000 after buying an additional 237 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Paylocity in the second quarter valued at about $27,000. Finally, Basecamp Wealth Advisors LLC grew its position in Paylocity by 4,250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker's stock worth $28,000 after buying an additional 255 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PCTY shares. KeyCorp boosted their price target on Paylocity from $172.00 to $178.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Truist Financial reduced their price objective on Paylocity from $180.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, June 29th. BTIG Research boosted their price objective on Paylocity from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Cantor Fitzgerald upped their target price on Paylocity from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut Paylocity from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.53.

Key Headlines Impacting Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its FY2027 EPS estimate to $6.33 from $5.98 and its FY2028 forecast to $7.18 from $6.67. It also initiated a FY2029 estimate of $8.28 and increased several quarterly forecasts, signaling improved expectations for Paylocity’s earnings trajectory. Zacks nevertheless maintained a “Hold” rating. Zacks Research comments on Paylocity FY2029 earnings
• Positive Sentiment: AI recruiting traction: Paylocity’s partner HireQuotient highlighted results at Alliance Building Services, where its AI-native recruiting platform reportedly reduced manual recruiting work by 70% and cut time-to-hire by more than half. The customer example supports demand for Paylocity’s integrated human-capital-management ecosystem. Paylocity partners for AI-powered recruiting
• Positive Sentiment: Sector momentum: Paylocity traded higher alongside MongoDB, Datadog, Five9 and Monday.com, suggesting investor appetite for software and technology shares also contributed to the stock’s recent strength. Software stocks trade higher
• Neutral Sentiment: Mixed estimate revisions: Zacks slightly reduced its Q2 2028 EPS forecast to $1.57 from $1.58 and Q4 2027 to $1.39 from $1.43, partly offsetting the broader upward revisions. The current-year consensus remains approximately $6.86 per share.
• Neutral Sentiment: Limited insider sale: Director Steven Sarowitz sold 441 shares for approximately $68,355 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.01%, leaving him with nearly 4.47 million shares, making it unlikely to materially alter investor sentiment. Paylocity director stock sale
• Negative Sentiment: Valuation risk remains: With PCTY trading near its 52-week high and at roughly 32 times earnings, the stock may be vulnerable if future growth slows or estimates are revised lower. Zacks’ continued “Hold” rating reinforces that the improved outlook is not yet a broad-based bullish endorsement.

Paylocity Stock Down 0.1%

NASDAQ PCTY opened at $157.93 on Friday. Paylocity Holding Corporation has a 1-year low of $92.99 and a 1-year high of $180.86. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 31.91 and a beta of 0.48. The stock's 50 day moving average is $131.32 and its two-hundred day moving average is $116.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, topping the consensus estimate of $1.62 by $0.22. The business had revenue of $444.73 million during the quarter, compared to the consensus estimate of $431.46 million. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.Paylocity's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.56 EPS. Equities analysts forecast that Paylocity Holding Corporation will post 6.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Andrew Cappotelli sold 2,550 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $149.83, for a total value of $382,066.50. Following the sale, the senior vice president owned 44,329 shares of the company's stock, valued at approximately $6,641,814.07. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joshua Scutt sold 4,730 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.82, for a total transaction of $708,648.60. Following the completion of the sale, the senior vice president directly owned 75,729 shares in the company, valued at approximately $11,345,718.78. The trade was a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 30,741 shares of company stock valued at $4,621,962. 19.40% of the stock is owned by insiders.

Paylocity Company 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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