Paylocity Holding Corporation $PCTY Shares Acquired by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC significantly increased its stake in Paylocity Holding Corporation by 18,673.3% in the first quarter, acquiring an additional 5,602 shares, bringing its total holdings to 5,632 shares worth approximately $1,051,000.
• Paylocity's stock has recently experienced fluctuations, opening at $174.40 on Monday, and the company's market capitalization stands at $9.62 billion with a P/E ratio of 43.49.
• Multiple analyst reports indicate a mixed outlook for Paylocity, with Barclays lowering its price target while Needham & Company LLC continues to maintain a "buy" rating with a price objective of $250.00.

Kestra Investment Management LLC raised its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 18,673.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,632 shares of the software maker's stock after acquiring an additional 5,602 shares during the quarter. Kestra Investment Management LLC's holdings in Paylocity were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PCTY. Associated Banc Corp raised its holdings in 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 acquiring an additional 52 shares in the last quarter. Cresset Asset Management LLC lifted its position 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 worth $490,000 after purchasing an additional 62 shares in the last quarter. TCTC Holdings LLC grew its holdings in Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Paylocity by 0.8% during 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 purchasing an additional 100 shares during the last quarter. Finally, Securian Asset Management Inc. grew its stake 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 worth $629,000 after acquiring an additional 100 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCTY has been the subject of a number of research reports. Jefferies Financial Group lowered their price objective on Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Raymond James Financial set a $220.00 price objective on Paylocity and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Citigroup decreased their target price on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Stephens initiated coverage on Paylocity in a research report on Monday, July 21st. They set an "equal weight" rating and a $200.00 target price for the company. Finally, KeyCorp upped their price objective on Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Paylocity has an average rating of "Moderate Buy" and an average price target of $222.71.

Insider Activity

In other news, SVP Andrew Cappotelli sold 1,717 shares of the company's stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.91% of the company's stock.

Paylocity Trading Down 1.2%

PCTY traded down $2.09 during midday trading on Friday, reaching $169.84. 275,717 shares of the company's stock traded hands, compared to its average volume of 485,594. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 42.35, a P/E/G ratio of 3.35 and a beta of 0.51. The firm has a fifty day moving average of $180.09 and a two-hundred day moving average of $185.82. Paylocity Holding Corporation has a 52 week low of $154.91 and a 52 week high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (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 for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Paylocity Company 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.