Landscape Capital Management L.L.C. Makes New $2.59 Million Investment in Paylocity Holding Corporation $PCTY

Key Points

• Landscape Capital Management initiated a $2.59 million Paylocity stake by purchasing 24,790 shares in the second quarter. Institutional investors collectively own 94.76% of the company.
• Paylocity exceeded quarterly expectations, reporting $1.84 in EPS versus the $1.62 consensus and $444.7 million in revenue versus $431.5 million expected; revenue increased 11% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $160.53 target price, although company insiders sold $4.55 million in shares during the last quarter under pre-arranged trading plans.

Landscape Capital Management L.L.C. bought a new stake in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,790 shares of the software maker's stock, valued at approximately $2,591,000.

Several other institutional investors also recently made changes to their positions in PCTY. Optiver Holding B.V. grew its stake in shares of Paylocity by 5,925.0% during the 1st quarter. Optiver Holding B.V. now owns 241 shares of the software maker's stock worth $26,000 after purchasing an additional 237 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Paylocity in the 2nd quarter valued at about $27,000. Basecamp Wealth Advisors LLC lifted its stake in shares of Paylocity by 4,250.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker's stock valued at $28,000 after purchasing an additional 255 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Paylocity in the fourth quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Paylocity by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker's stock worth $36,000 after buying an additional 285 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Paylocity Price Performance

Shares of NASDAQ PCTY opened at $153.34 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. The company's 50-day moving average price is $126.14 and its 200 day moving average price is $115.25. Paylocity Holding Corporation has a 52 week low of $92.99 and a 52 week high of $182.83. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 30.98 and a beta of 0.48.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced its earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.22. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company had revenue of $444.73 million during the quarter, compared to analysts' expectations of $431.46 million. During the same quarter in the previous year, the business posted $1.56 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Paylocity Holding Corporation will post 6.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PCTY. Zacks Research downgraded shares of Paylocity from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Citigroup reissued a "buy" rating on shares of Paylocity in a research note on Thursday, August 6th. Citizens Jmp lowered their price target on Paylocity from $170.00 to $150.00 and set a "market outperform" rating on the stock in a report on Friday, May 8th. KeyCorp raised their price objective on Paylocity from $172.00 to $178.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $165.00 price objective on shares of Paylocity in a report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Paylocity has a consensus rating of "Moderate Buy" and a consensus target price of $160.53.

Insider Buying and Selling at Paylocity

In related news, CFO Ryan Glenn sold 3,345 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $149.75, for a total value of $500,913.75. Following the sale, the chief financial officer owned 122,563 shares of the company's stock, valued at approximately $18,353,809.25. This represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joshua Scutt sold 4,730 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $149.82, for a total value of $708,648.60. Following the sale, the senior vice president owned 75,729 shares in the company, valued at approximately $11,345,718.78. This trade represents a 5.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 30,300 shares of company stock valued at $4,553,607. Company insiders own 19.40% of the company's stock.

Trending Headlines about Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: TD Cowen raised its price target for Paylocity from $168 to $177 and maintained a “buy” rating, indicating potential upside from the referenced share price. The move signals continued confidence in Paylocity’s growth outlook. Benzinga analyst price-target report
• Positive Sentiment: Paylocity’s 50-day moving average recently moved above its 200-day average, forming a bullish “golden cross.” This technical signal could attract momentum-focused investors and reinforce the stock’s ongoing uptrend. Zacks golden cross analysis
• Positive Sentiment: Recent coverage highlighted the extension of Paylocity’s uptrend after a strong quarterly report. The company reported adjusted earnings of $1.84 per share versus the $1.62 consensus estimate and revenue of $444.7 million versus expectations of $431.5 million, with revenue up 11% year over year. Kalkine Media Paylocity uptrend report
• Neutral Sentiment: CFO Ryan Glenn, SVPs Andrew Cappotelli and Joshua Scutt, and Director Steven I. Sarowitz sold a combined 19,164 shares worth approximately $2.87 million. Because the transactions were executed under pre-arranged Rule 10b5-1 plans, they are a limited signal of near-term pessimism. Sarowitz still owns more than 4.48 million shares, and the other executives retain substantial positions. SEC insider transaction filing

Paylocity Company Profile

Paylocity NASDAQ: PCTY is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company's integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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