EntryPoint Capital LLC Takes Position in Paylocity Holding Corporation $PCTY

Key Points

• EntryPoint Capital LLC has acquired a new stake in Paylocity Holding Corporation, purchasing 2,695 shares valued at approximately $505,000 in the first quarter.
• Paylocity has received several analyst upgrades, with a consensus rating of "Moderate Buy" and a target price of $222.71.
• The company reported a 12.2% increase in revenue year-over-year, with earnings per share exceeding analysts' expectations at $1.56 for the last quarter.

EntryPoint Capital LLC purchased a new position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,695 shares of the software maker's stock, valued at approximately $505,000.

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC lifted its holdings in shares of Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after acquiring an additional 80 shares during the last quarter. USA Financial Formulas purchased a new stake in Paylocity during the first quarter valued at about $29,000. Hughes Financial Services LLC bought a new stake in Paylocity during the first quarter worth about $48,000. Bayforest Capital Ltd lifted its stake in Paylocity by 69.1% during the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock worth $55,000 after purchasing an additional 121 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Paylocity in the 4th quarter worth about $72,000. Institutional investors own 94.76% of the company's stock.

Insiders Place Their Bets

In related news, SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total value of $303,462.58. Following the sale, the senior vice president owned 11,953 shares in the company, 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 company insiders.

Paylocity Trading Down 0.6%

Shares of Paylocity stock traded down $1.02 during trading on Monday, reaching $181.29. 72,185 shares of the stock were exchanged, compared to its average volume of 481,615. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 45.22, a price-to-earnings-growth ratio of 3.61 and a beta of 0.54. Paylocity Holding Corporation has a 1 year low of $150.87 and a 1 year high of $223.80. The stock's fifty day moving average is $181.00 and its 200 day moving average is $188.98.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.18. The business 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%.Paylocity's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts expect that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on PCTY shares. Needham & Company LLC restated a "buy" rating and issued a $250.00 price objective on shares of Paylocity in a report on Friday, July 18th. JMP Securities reiterated a "market outperform" rating and issued a $270.00 target price on shares of Paylocity in a research report on Tuesday, April 29th. Stephens began coverage on shares of Paylocity in a research report on Monday, July 21st. They set an "equal weight" rating and a $200.00 price target for the company. Cantor Fitzgerald began coverage on Paylocity in a research note on Thursday, August 14th. They set an "overweight" rating and a $215.00 price objective on the stock. Finally, UBS Group boosted their target price on Paylocity from $201.00 to $202.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.