Gotham Asset Management LLC Buys New Holdings in Paylocity Holding Corporation $PCTY

Key Points

• Gotham Asset Management LLC has made a new investment of approximately $13.30 million in Paylocity Holding Corporation, acquiring 71,009 shares.
• Major institutional investors now own 94.76% of Paylocity, with several firms increasing or establishing new positions in the company recently.
• Analysts have set various price targets for PCTY, with a consensus average target price of $222.71 and multiple "overweight" ratings from firms like Cantor Fitzgerald and KeyCorp.

Gotham Asset Management LLC bought a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 71,009 shares of the software maker's stock, valued at approximately $13,303,000. Gotham Asset Management LLC owned approximately 0.13% of Paylocity at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Paylocity by 7.0% in the 1st 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 grew its stake in shares of Paylocity by 3.4% in the 1st 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. grew its stake in shares of Paylocity by 0.3% in the 1st 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. grew its stake in shares of Paylocity by 47.0% in the 1st 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, Northern Trust Corp grew its stake in shares of Paylocity by 1.8% in the 1st quarter. Northern Trust Corp now owns 469,566 shares of the software maker's stock valued at $87,968,000 after buying an additional 8,349 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Paylocity Stock Performance

Shares of PCTY stock traded down $2.04 during trading hours on Friday, reaching $169.89. 69,481 shares of the company's stock were exchanged, compared to its average volume of 484,689. Paylocity Holding Corporation has a fifty-two week low of $154.91 and a fifty-two week high of $223.80. The stock has a market capitalization of $9.37 billion, a P/E ratio of 42.36, a P/E/G ratio of 3.35 and a beta of 0.51. The business has a fifty day moving average price of $180.09 and a 200-day moving average price of $185.82. 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 issued its quarterly 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. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The company had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. During the same period in the previous year, the company earned $1.48 earnings per share. The company's quarterly 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Cantor Fitzgerald raised Paylocity to a "strong-buy" rating in a research note on Thursday. Barclays lowered their price target on Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a research note on Monday, July 21st. 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. Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of Paylocity in a report on Friday, July 18th. Finally, UBS Group boosted their target price on Paylocity from $201.00 to $202.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Paylocity has a consensus rating of "Moderate Buy" and a consensus price target of $222.71.

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 in the company, valued at $2,112,573.22. The trade was a 12.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.91% of the stock is currently owned by company 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.