Paylocity Holding Corporation $PCTY Stock Holdings Increased by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors LLC increased its holdings in Paylocity by 16.5%, owning 124,988 shares worth approximately $22.65 million after the addition of 17,665 shares during the second quarter.
• Paylocity's recent quarterly earnings showed an EPS of $1.56, exceeding analysts' estimates and marking a revenue increase of 12.2% year-over-year.
• Analysts have mixed ratings on Paylocity, with a consensus of "Moderate Buy" and an average price target of $221.59, while recent reports indicate price target adjustments by several firms.

Conestoga Capital Advisors LLC increased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,988 shares of the software maker's stock after purchasing an additional 17,665 shares during the quarter. Conestoga Capital Advisors LLC owned 0.23% of Paylocity worth $22,647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC raised its holdings in shares of Paylocity by 115.9% in 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 in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Paylocity during the first quarter valued at approximately $48,000. Bayforest Capital Ltd raised its holdings in shares of 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 acquiring an additional 121 shares during the period. SVB Wealth LLC acquired a new stake in shares of Paylocity during the first quarter valued at approximately $61,000. Finally, IFP Advisors Inc raised its holdings in shares of Paylocity by 248.5% during the second quarter. IFP Advisors Inc now owns 338 shares of the software maker's stock valued at $61,000 after acquiring an additional 241 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Paylocity Stock Performance

Shares of PCTY opened at $150.32 on Monday. The company's 50 day moving average price is $166.95 and its 200 day moving average price is $179.50. Paylocity Holding Corporation has a 52 week low of $147.60 and a 52 week high of $223.80. The company has a market capitalization of $8.29 billion, a PE ratio of 37.49, a PEG ratio of 2.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating 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 period in the previous year, the firm posted $1.48 earnings per share. The firm's 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. Research analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Analysts Set New Price Targets

PCTY has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Guggenheim initiated coverage on shares of Paylocity in a report on Thursday, September 25th. They set a "neutral" rating on the stock. Zacks Research lowered shares of Paylocity from a "hold" rating to a "strong sell" rating in a report on Friday, October 10th. UBS Group cut their price target on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Finally, KeyCorp boosted their price target on shares of Paylocity from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $221.59.

About Paylocity

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.

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