Landscape Capital Management L.L.C. Makes New $2.02 Million Investment in Paylocity Holding Corporation $PCTY

Key Points

• Landscape Capital Management L.L.C. has invested approximately $2.02 million in Paylocity Holding Corporation, acquiring 10,757 shares in the 1st quarter.
• Institutional investors collectively own 94.76% of Paylocity's stock, indicating strong institutional backing for the company.
• Paylocity reported a 12.2% year-over-year revenue growth for the quarter, with earnings per share surpassing analyst estimates.

Landscape Capital Management L.L.C. acquired 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 filing with the Securities and Exchange Commission. The fund acquired 10,757 shares of the software maker's stock, valued at approximately $2,015,000.

A number of other institutional investors have also made changes to their positions in the business. New York State Teachers Retirement System lifted its position in shares of Paylocity by 7.3% during the 1st quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker's stock worth $7,522,000 after buying an additional 2,724 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Paylocity by 41.9% during the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker's stock worth $102,000 after acquiring an additional 161 shares during the period. Janney Montgomery Scott LLC increased its position in Paylocity by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker's stock worth $1,179,000 after buying an additional 383 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Paylocity in the first quarter valued at $359,000. Finally, UMB Bank n.a. grew its position in Paylocity by 89.1% during the first quarter. UMB Bank n.a. now owns 467 shares of the software maker's stock worth $87,000 after buying an additional 220 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Paylocity Stock Performance

Shares of NASDAQ:PCTY traded down $4.43 during midday trading on Tuesday, hitting $174.80. The stock had a trading volume of 288,782 shares, compared to its average volume of 481,933. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $9.64 billion, a PE ratio of 43.48, a P/E/G ratio of 3.55 and a beta of 0.51. The stock has a 50 day moving average price of $181.25 and a two-hundred day moving average price of $187.59. Paylocity Holding Corporation has a 1 year low of $150.87 and a 1 year high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.18. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. During the same quarter in the previous year, the business posted $1.48 earnings per share. The company's revenue was up 12.2% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Paylocity from a "hold" rating to a "buy" rating in a report on Monday, May 12th. KeyCorp increased their price target on Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Stephens initiated coverage on Paylocity in a research report on Monday, July 21st. They set an "equal weight" rating and a $200.00 price objective for the company. Cantor Fitzgerald began coverage on shares of Paylocity in a research note on Thursday, August 14th. They issued an "overweight" rating and a $215.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Paylocity from $201.00 to $202.00 and gave the stock 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Paylocity has a consensus rating of "Moderate Buy" and a consensus target price of $222.71.

Insiders Place Their Bets

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the firm'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 sale, the senior vice president owned 11,953 shares in the company, valued at $2,112,573.22. This trade represents a 12.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.91% of the company's stock.

About Paylocity

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.