Northern Trust Corp Increases Stock Holdings in Paylocity Holding Corporation $PCTY

Key Points

• Northern Trust Corp increased its stake in Paylocity Holding Corporation by 1.8%, owning 469,566 shares worth $87.97 million after acquiring an additional 8,349 shares in the first quarter.
• Paylocity's stock price rose by 2.4%, with a current trading value of $182.31, while the company reported a 12.2% year-over-year revenue increase in its latest quarterly earnings.
• A majority of Paylocity's stock, approximately 94.76%, is held by institutional investors, reflecting significant interest in the company from hedge funds and other entities.

Northern Trust Corp increased its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,566 shares of the software maker's stock after purchasing an additional 8,349 shares during the quarter. Northern Trust Corp owned approximately 0.85% of Paylocity worth $87,968,000 as of its most recent SEC filing.

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

Paylocity Stock Down 0.8%

Shares of PCTY stock traded down $1.50 during trading hours on Thursday, reaching $179.57. 454,227 shares of the stock were exchanged, compared to its average volume of 483,079. The business's fifty day moving average is $181.11 and its two-hundred day moving average is $188.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. Paylocity Holding Corporation has a 12-month low of $150.87 and a 12-month high of $223.80. The firm has a market capitalization of $9.91 billion, a P/E ratio of 44.78, a P/E/G ratio of 3.51 and a beta of 0.54.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, topping 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 firm had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. During the same period in the prior year, the firm earned $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. As a group, research analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Insider Buying and Selling at Paylocity

In related news, SVP Andrew Cappotelli sold 1,717 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the sale, the senior vice president directly owned 11,953 shares in the company, valued at approximately $2,112,573.22. This represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PCTY shares. Citigroup lowered their price target on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Cantor Fitzgerald began coverage on Paylocity in a research report on Thursday, August 14th. They set an "overweight" rating and a $215.00 price objective on the stock. Jefferies Financial Group cut their target price on Paylocity from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. UBS Group raised their target price on Paylocity from $201.00 to $202.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, KeyCorp raised their target price on Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $222.71.

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.