4,720 Shares in Paylocity Holding Corporation $PCTY Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 4,720 shares of Paylocity Holding Corporation valued at approximately $884,000, indicating significant institutional interest in the company.
• Paylocity reported a better-than-expected quarterly earnings, with an EPS of $1.56, surpassing the consensus estimate of $1.38 and generating revenue of $400.74 million, a 12.2% increase year-over-year.
• Over 94.76% of Paylocity's stock is held by institutional investors, highlighting strong support from the investment community, alongside various upgrades and buy ratings from multiple analysts.

Dynamic Technology Lab Private Ltd purchased a new position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,720 shares of the software maker's stock, valued at approximately $884,000.

Several other institutional investors have also modified their holdings of PCTY. TCTC Holdings LLC lifted its stake in shares of Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after acquiring an additional 80 shares in the last quarter. USA Financial Formulas acquired a new stake in Paylocity during the first quarter valued at approximately $29,000. Hughes Financial Services LLC acquired a new stake in Paylocity during the first quarter valued at approximately $48,000. Bayforest Capital Ltd raised its stake in Paylocity by 69.1% during the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after buying an additional 121 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in Paylocity during the first quarter valued at approximately $61,000. Institutional investors and hedge funds own 94.76% of the company's stock.

Insider Activity at Paylocity

In other news, SVP Andrew Cappotelli sold 1,717 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 21.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PCTY. 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 upgraded Paylocity to a "strong-buy" rating in a research note on Thursday. Stephens began coverage on Paylocity in a research note on Monday, July 21st. They set an "equal weight" rating and a $200.00 price objective on the stock. BMO Capital Markets upped their price objective on Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded Paylocity from a "strong sell" rating to a "hold" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $222.71.

Paylocity Stock Performance

Shares of NASDAQ:PCTY traded down $2.25 during trading on Friday, hitting $169.68. 423,119 shares of the company traded hands, compared to its average volume of 483,309. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 3.23 and a beta of 0.51. The business's fifty day moving average is $179.79 and its 200-day moving average is $185.35. Paylocity Holding Corporation has a one year low of $154.91 and a one year high of $223.80. 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 (NASDAQ:PCTY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. The company had revenue of $400.74 million during 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 business's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior 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 predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

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.