KLP Kapitalforvaltning AS Raises Holdings in Paylocity Holding Corporation $PCTY

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Paylocity by 30.5% during Q2, owning 13,700 shares valued at $2.48 million.
• Paylocity reported an EPS of $1.56 for the last quarter, exceeding estimates by $0.18, with a revenue of $400.74 million.
• The consensus rating for Paylocity stock is currently a "Moderate Buy" with a target price of $221.59.

KLP Kapitalforvaltning AS grew its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 30.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,700 shares of the software maker's stock after purchasing an additional 3,200 shares during the period. KLP Kapitalforvaltning AS's holdings in Paylocity were worth $2,482,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PCTY. TCTC Holdings LLC lifted its stake in Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Hughes Financial Services LLC acquired a new position in Paylocity during the first quarter worth $48,000. Bayforest Capital Ltd raised its stake in shares of Paylocity by 69.1% in the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after acquiring an additional 121 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Paylocity in the first quarter valued at $61,000. Finally, GAMMA Investing LLC raised its stake in shares of Paylocity by 41.9% in the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker's stock valued at $102,000 after acquiring an additional 161 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Stock Performance

Shares of PCTY stock opened at $150.49 on Friday. The stock's 50-day moving average is $170.17 and its two-hundred day moving average is $180.87. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 2.89 and a beta of 0.53. Paylocity Holding Corporation has a 1 year low of $150.47 and a 1 year 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.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data 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. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The company had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. During the same quarter last year, the company posted $1.48 earnings per share. The business'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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Cantor Fitzgerald upgraded Paylocity to a "strong-buy" rating in a research note on Thursday, September 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Paylocity in a research note on Wednesday. Stephens assumed coverage on Paylocity in a research note on Monday, July 21st. They issued an "equal weight" rating and a $200.00 price objective on the stock. Zacks Research upgraded Paylocity from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Jefferies Financial Group reduced their price objective on Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Paylocity presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.59.

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.

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