Cubist Systematic Strategies LLC Has $25.52 Million Stock Holdings in Paylocity Holding Corporation $PCTY

Key Points

• Cubist Systematic Strategies LLC has significantly increased its holdings in Paylocity Holding Corporation by 135.4%, now owning 136,206 shares valued at approximately $25.52 million.
• Paylocity recently reported a 12.2% increase in revenue year-over-year, with earnings per share of $1.56, surpassing analyst estimates of $1.38.
• Institutional investors hold 94.76% of Paylocity's stock, indicating strong confidence in the company's prospects among major investors.

Cubist Systematic Strategies LLC increased its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 135.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,206 shares of the software maker's stock after acquiring an additional 78,336 shares during the period. Cubist Systematic Strategies LLC owned about 0.25% of Paylocity worth $25,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Paylocity by 7.0% in the first quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker's stock valued at $807,966,000 after buying an additional 283,430 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Paylocity by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,287,514 shares of the software maker's stock valued at $803,224,000 after buying an additional 141,705 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Paylocity by 0.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,987,037 shares of the software maker's stock valued at $746,932,000 after buying an additional 13,027 shares in the last quarter. American Century Companies Inc. boosted its position in Paylocity by 47.0% in the first quarter. American Century Companies Inc. now owns 514,194 shares of the software maker's stock valued at $96,329,000 after buying an additional 164,397 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in Paylocity by 4.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 487,593 shares of the software maker's stock valued at $97,260,000 after buying an additional 22,655 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Trading Down 0.2%

PCTY opened at $179.23 on Friday. Paylocity Holding Corporation has a 1-year low of $150.87 and a 1-year high of $223.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a market cap of $9.89 billion, a P/E ratio of 44.70, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. The company has a fifty day moving average price of $181.22 and a two-hundred day moving average price of $188.06.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup cut their price target on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a report on Monday, July 21st. KeyCorp lifted their price target on shares of Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. BMO Capital Markets lifted their price target on shares of Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Cantor Fitzgerald assumed coverage on shares of Paylocity in a report on Thursday, August 14th. They set an "overweight" rating and a $215.00 price target on the stock. Finally, Wall Street Zen upgraded Paylocity from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Paylocity has a consensus rating of "Moderate Buy" and an average target price of $222.71.

Insider Activity at Paylocity

In other news, SVP Andrew Cappotelli sold 1,717 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 21.91% of the stock is currently owned by 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.

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