Pallas Capital Advisors LLC Acquires Shares of 2,238 Paylocity Holding Corporation $PCTY

Key Points

• Pallas Capital Advisors LLC has acquired a new stake in Paylocity Holding Corporation, purchasing 2,238 shares valued at approximately $406,000 during the second quarter.
• Analyst ratings for Paylocity are generally positive, with one analyst giving a Strong Buy rating, twelve giving a Buy rating, and an average target price of $221.59.
• Paylocity reported a quarterly earnings per share (EPS) of $1.56, surpassing analysts' expectations and showing a year-over-year revenue increase of 12.2%.

Pallas Capital Advisors LLC acquired a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,238 shares of the software maker's stock, valued at approximately $406,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its holdings in Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. USA Financial Formulas acquired a new position in Paylocity during the first quarter valued at approximately $29,000. Hughes Financial Services LLC acquired a new position in Paylocity during the first quarter valued at approximately $48,000. Bayforest Capital Ltd grew its holdings in Paylocity by 69.1% during the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after purchasing an additional 121 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Paylocity during the first quarter valued at approximately $61,000. Institutional investors own 94.76% of the company's stock.

Paylocity Stock Performance

PCTY traded down $2.77 during trading on Tuesday, reaching $165.28. 241,987 shares of the company's stock were exchanged, compared to its average volume of 487,397. Paylocity Holding Corporation has a fifty-two week low of $159.70 and a fifty-two week high of $223.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $177.81 and a 200 day moving average price of $183.94. The company has a market capitalization of $9.12 billion, a P/E ratio of 41.22, a PEG ratio of 3.13 and a beta of 0.51.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly 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 the consensus estimate of $388.25 million. During the same quarter in the previous year, the company earned $1.48 earnings per share. The business's 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, analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PCTY shares. Stephens started coverage on Paylocity in a report on Monday, July 21st. They set an "equal weight" rating and a $200.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price target on shares of Paylocity in a report on Friday, July 18th. Cantor Fitzgerald upgraded Paylocity to a "strong-buy" rating in a report on Thursday, September 11th. BMO Capital Markets raised their price objective on shares of Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, KeyCorp raised their price objective on shares of Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Paylocity currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.59.

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.