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

A number of other large investors also recently bought and sold shares of PCTY. TCTC Holdings LLC boosted its holdings in Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after acquiring an additional 80 shares during the period. USA Financial Formulas bought a new stake in Paylocity during the 1st quarter valued at $29,000. Hughes Financial Services LLC purchased a new stake in shares of Paylocity in the 1st quarter worth $48,000. Bayforest Capital Ltd lifted its holdings in shares of Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock worth $55,000 after buying an additional 121 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Paylocity in the 4th quarter worth $72,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stephens assumed coverage on Paylocity in a report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 target price for the company. Raymond James Financial set a $220.00 target price on Paylocity and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Citigroup lowered their target price on Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a report on Monday, July 21st. JMP Securities reiterated a "market outperform" rating and issued a $270.00 target price on shares of Paylocity in a report on Tuesday, April 29th. Finally, Stifel Nicolaus lowered their target price on Paylocity from $250.00 to $235.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Paylocity presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.71.

Paylocity Stock Down 0.1%

Shares of PCTY stock opened at $178.04 on Wednesday. Paylocity Holding Corporation has a fifty-two week low of $150.87 and a fifty-two week high of $223.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $9.82 billion, a PE ratio of 44.40, a P/E/G ratio of 3.53 and a beta of 0.54. The stock's 50-day simple moving average is $181.07 and its 200-day simple moving average is $189.73.

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

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the 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 transaction, the senior vice president owned 11,953 shares in the company, valued at approximately $2,112,573.22. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.91% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.