Paylocity Holding Corporation $PCTY Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Paylocity by 28.2%, acquiring an additional 3,500 shares, bringing their total holdings to 15,900 shares valued at approximately $2.88 million.
• Significant institutional activity included Wealth Enhancement Advisory Services increasing its holdings by 186.4%, and other firms purchasing new stakes during the same quarter.
• Paylocity recently reported a 12.2% increase in revenue year-over-year, totaling $400.74 million, and exceeded earnings estimates with $1.56 per share.

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 28.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,900 shares of the software maker's stock after purchasing an additional 3,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Paylocity were worth $2,879,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. TCTC Holdings LLC boosted its stake in shares of Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after purchasing an additional 80 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Paylocity during the 1st quarter worth about $29,000. Hughes Financial Services LLC acquired a new stake in shares of Paylocity in the first quarter worth approximately $48,000. Bayforest Capital Ltd boosted its position in shares of Paylocity by 69.1% in the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock worth $55,000 after acquiring an additional 121 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Paylocity in the first quarter worth approximately $61,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCTY has been the topic of several research analyst reports. Zacks Research raised shares of Paylocity from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 11th. Jefferies Financial Group decreased their target price on shares of Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Raymond James Financial set a $220.00 target price on shares of Paylocity and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Citigroup decreased their target price on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Finally, Stephens initiated coverage on shares of Paylocity in a research report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $221.59.

Paylocity Stock Up 2.3%

Shares of NASDAQ:PCTY traded up $3.80 during midday trading on Monday, reaching $168.02. The company had a trading volume of 264,564 shares, compared to its average volume of 487,870. 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 stock's fifty day moving average price is $178.06 and its 200-day moving average price is $184.13. The stock has a market capitalization of $9.27 billion, a P/E ratio of 41.90, a PEG ratio of 3.13 and a beta of 0.51. Paylocity Holding Corporation has a one year low of $159.70 and a one year high of $223.80.

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

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.