Dynamic Technology Lab Private Ltd Acquires New Holdings in Paylocity Holding Corporation $PCTY

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 stake in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,720 shares of the software maker's stock, valued at approximately $884,000.

A number of other institutional investors have also made changes to their positions in the business. Associated Banc Corp raised its holdings in shares of Paylocity by 4.5% in the first quarter. Associated Banc Corp now owns 1,207 shares of the software maker's stock valued at $226,000 after buying an additional 52 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of Paylocity by 2.4% in the first quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker's stock valued at $490,000 after buying an additional 62 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Paylocity by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker's stock valued at $2,286,000 after buying an additional 100 shares during the last quarter. Finally, Securian Asset Management Inc. raised its holdings in shares of Paylocity by 3.1% in the first quarter. Securian Asset Management Inc. now owns 3,355 shares of the software maker's stock valued at $629,000 after buying an additional 100 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Paylocity Trading Down 1.3%

Shares of Paylocity stock traded down $2.25 during trading on Friday, hitting $169.68. 423,119 shares of the company were exchanged, compared to its average volume of 486,801. The firm has a market capitalization of $9.36 billion, a P/E ratio of 42.31, a price-to-earnings-growth ratio of 3.35 and a beta of 0.51. Paylocity Holding Corporation has a 1-year low of $154.91 and a 1-year high of $223.80. The firm's fifty day moving average price is $180.09 and its 200 day moving average price is $185.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping 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 company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts expect that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Andrew Cappotelli sold 1,717 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $2,112,573.22. The trade was a 12.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 21.91% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PCTY. Cantor Fitzgerald raised Paylocity to a "strong-buy" rating in a report on Thursday. Stephens initiated coverage on Paylocity in a report on Monday, July 21st. They set an "equal weight" rating and a $200.00 price objective for the company. Raymond James Financial set a $220.00 price objective on Paylocity and gave the stock an "outperform" rating in a report on Wednesday, July 30th. UBS Group boosted their price objective on Paylocity from $201.00 to $202.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Citigroup dropped their price objective on Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.71.

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.