Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Paylocity Holding Corporation $PCTY

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its stake in Paylocity by 1,995.2% during the second quarter, now owning 259,800 shares valued at approximately $47 million.
• Paylocity reported a strong quarterly earnings result with an EPS of $1.56, exceeding estimates and a revenue growth of 12.2% compared to the previous year.
• A majority of Paylocity's stock, about 94.76%, is now owned by institutional investors, reflecting a strong interest in the company's performance.

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 1,995.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,800 shares of the software maker's stock after purchasing an additional 247,400 shares during the period. Paylocity makes up approximately 0.1% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 18th biggest position. Livforsakringsbolaget Skandia Omsesidigt owned 0.47% of Paylocity worth $47,073,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System grew its holdings in shares of Paylocity by 7.3% in the first quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker's stock valued at $7,522,000 after purchasing an additional 2,724 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Paylocity by 41.9% in the first quarter. GAMMA Investing LLC now owns 545 shares of the software maker's stock valued at $102,000 after purchasing an additional 161 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Paylocity by 6.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker's stock worth $1,179,000 after buying an additional 383 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Paylocity in the 1st quarter worth $359,000. Finally, Millennium Management LLC grew its stake in shares of Paylocity by 86.8% in the 1st quarter. Millennium Management LLC now owns 211,995 shares of the software maker's stock worth $39,715,000 after buying an additional 98,520 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Paylocity Stock Down 0.5%

Shares of PCTY stock traded down $0.79 during mid-day trading on Friday, hitting $164.22. 914,896 shares of the stock traded hands, compared to its average volume of 475,745. The stock has a market cap of $9.06 billion, a P/E ratio of 40.95, a P/E/G ratio of 3.14 and a beta of 0.51. The stock's fifty day moving average is $178.06 and its two-hundred day moving average is $184.30. Paylocity Holding Corporation has a 52-week low of $159.70 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.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. During the same period in the prior year, the firm posted $1.48 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Insider Activity at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $176.74, for a total value of $303,462.58. Following the completion of the sale, the senior vice president directly owned 11,953 shares in the company, valued at approximately $2,112,573.22. This trade represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 21.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PCTY shares. Citigroup dropped their price objective on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Barclays dropped their price target on Paylocity from $209.00 to $190.00 and set an "equal weight" rating for the company in a research report on Monday, July 21st. Cantor Fitzgerald upgraded Paylocity to a "strong-buy" rating in a report on Thursday, September 11th. UBS Group dropped their target price on Paylocity from $195.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Zacks Research upgraded Paylocity from a "strong sell" rating to a "hold" rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Paylocity currently has an average rating of "Moderate Buy" and an average target price 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.