T. Rowe Price Investment Management Inc. Has $746.93 Million Stock Holdings in Paylocity Holding Corporation $PCTY

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Paylocity Holding Corporation by 0.3%, owning 3,987,037 shares valued at approximately $746 million.
• Paylocity's recent earnings report showed an EPS of $1.56, exceeding expectations, with a 12.2% year-over-year revenue increase, bringing total revenue to $400.74 million.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a price target average of $222.71.

T. Rowe Price Investment Management Inc. boosted its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,987,037 shares of the software maker's stock after acquiring an additional 13,027 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 7.22% of Paylocity worth $746,932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCTY. TCTC Holdings LLC lifted its stake in Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock worth $28,000 after purchasing an additional 80 shares in the last quarter. USA Financial Formulas purchased a new stake in Paylocity during the 1st quarter worth about $29,000. Hughes Financial Services LLC purchased a new stake in shares of Paylocity in the 1st quarter valued at about $48,000. Bayforest Capital Ltd lifted its holdings in shares of Paylocity by 69.1% in the 1st 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, Johnson Financial Group Inc. purchased a new stake in shares of Paylocity in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 94.76% of the company's stock.

Insider Buying and Selling at Paylocity

In other news, SVP Andrew Cappotelli sold 1,717 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total value of $303,462.58. Following the sale, the senior vice president 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 21.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PCTY shares. Piper Sandler reissued an "overweight" rating and set a $258.00 price target (up from $254.00) on shares of Paylocity in a report on Friday, May 2nd. BMO Capital Markets upped their target price on shares of Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. KeyCorp upped their target price on shares of Paylocity from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Stifel Nicolaus lowered their price target on Paylocity from $250.00 to $235.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, JMP Securities restated a "market outperform" rating and issued a $270.00 price objective on shares of Paylocity in a report on Tuesday, April 29th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $222.71.

Paylocity Price Performance

PCTY traded down $1.03 on Monday, reaching $181.28. The company had a trading volume of 87,362 shares, compared to its average volume of 481,694. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $181.00 and a 200-day moving average of $188.98. Paylocity Holding Corporation has a one year low of $150.87 and a one year high of $223.80. The company has a market capitalization of $10.00 billion, a P/E ratio of 45.11, a PEG ratio of 3.61 and a beta of 0.54.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.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 EPS. The business's revenue for the quarter 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, equities research analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

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.