Nuveen LLC Takes $18.24 Million Position in Paylocity Holding Corporation $PCTY

Key Points

• Nuveen LLC acquired a new stake in Paylocity Holding Corporation by purchasing 97,377 shares for approximately $18.24 million during the first quarter.
• Paylocity's recent earnings report showed a better-than-expected EPS of $1.56, surpassing analysts' estimates by $0.18, along with a revenue increase of 12.2% year-over-year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Paylocity, with a combined price target averaging around $222.71.

Nuveen LLC bought a new position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 97,377 shares of the software maker's stock, valued at approximately $18,243,000. Nuveen LLC owned approximately 0.18% of Paylocity at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Paylocity in the 4th quarter worth approximately $6,818,000. Barclays PLC lifted its holdings in shares of Paylocity by 18.7% in the 4th quarter. Barclays PLC now owns 53,306 shares of the software maker's stock worth $10,632,000 after purchasing an additional 8,409 shares during the last quarter. Mariner LLC raised its stake in Paylocity by 4.2% during the 4th quarter. Mariner LLC now owns 7,192 shares of the software maker's stock valued at $1,435,000 after acquiring an additional 291 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Paylocity during the 4th quarter valued at $697,000. Finally, First Trust Advisors LP raised its stake in Paylocity by 11.9% during the 4th quarter. First Trust Advisors LP now owns 144,567 shares of the software maker's stock valued at $28,837,000 after acquiring an additional 15,407 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Price Performance

Shares of PCTY traded up $4.29 during midday trading on Friday, reaching $182.31. The stock had a trading volume of 321,889 shares, compared to its average volume of 611,906. Paylocity Holding Corporation has a 52 week low of $150.87 and a 52 week high of $223.80. 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 firm's 50 day moving average price is $181.00 and its 200-day moving average price is $189.28. The company has a market capitalization of $10.06 billion, a P/E ratio of 45.46, a P/E/G ratio of 3.52 and a beta of 0.54.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its 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 business had revenue of $400.74 million for the quarter, compared to analysts' expectations of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

PCTY has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Raymond James Financial set a $220.00 target price on Paylocity and gave the company an "outperform" rating in a research note on Wednesday, July 30th. UBS Group lifted their target price on Paylocity from $201.00 to $202.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Barclays cut their target price on Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Monday, July 21st. Finally, KeyCorp lifted their target price on Paylocity from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $222.71.

Insider Activity

In related news, SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $176.74, for a total value of $303,462.58. Following the transaction, the senior vice president directly owned 11,953 shares in the company, valued at $2,112,573.22. The trade was a 12.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 21.91% of the stock is owned by insiders.

Paylocity 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.