Price T Rowe Associates Inc. MD Increases Position in Paylocity Holding Corporation $PCTY

Key Points

• Price T Rowe Associates Inc. MD has increased its stake in Paylocity Holding Corporation by 3.4%, now owning approximately 4.29 million shares valued at about $803 million.
• Paylocity reported earnings of $1.56 per share, exceeding analysts' estimates, with revenues of $400.74 million, marking a 12.2% year-over-year increase.
• Analysts maintain a consensus rating of "Moderate Buy" for Paylocity, with an average price target of $222.71, reflecting a generally positive outlook for the company's stock performance.

Price T Rowe Associates Inc. MD boosted its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,287,514 shares of the software maker's stock after purchasing an additional 141,705 shares during the period. Price T Rowe Associates Inc. MD owned about 7.76% of Paylocity worth $803,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Paylocity during the fourth quarter worth $6,818,000. Mariner LLC boosted its holdings in Paylocity by 4.2% during the fourth quarter. Mariner LLC now owns 7,192 shares of the software maker's stock worth $1,435,000 after buying an additional 291 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in Paylocity during the fourth quarter worth $697,000. First Trust Advisors LP boosted its holdings in Paylocity by 11.9% during the fourth quarter. First Trust Advisors LP now owns 144,567 shares of the software maker's stock worth $28,837,000 after buying an additional 15,407 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Paylocity by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 487,662 shares of the software maker's stock worth $97,276,000 after buying an additional 41,955 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Trading Up 2.4%

NASDAQ:PCTY traded up $4.29 during trading hours on Friday, hitting $182.31. The company had a trading volume of 321,889 shares, compared to its average volume of 609,393. The company has a 50-day moving average of $181.00 and a 200 day moving average of $188.98. 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 market cap of $10.06 billion, a P/E ratio of 45.46, a P/E/G ratio of 3.61 and a beta of 0.54. Paylocity Holding Corporation has a 1 year low of $150.87 and a 1 year high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its earnings results 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. The company had revenue of $400.74 million during the quarter, compared to analysts' expectations of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Sell-side analysts expect that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Paylocity from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Cantor Fitzgerald started coverage on Paylocity in a research note on Thursday, August 14th. They issued an "overweight" rating and a $215.00 price objective for the company. Raymond James Financial set a $220.00 price objective on Paylocity and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Piper Sandler reissued an "overweight" rating and issued a $258.00 price objective (up from $254.00) on shares of Paylocity in a research note on Friday, May 2nd. Finally, Jefferies Financial Group reduced their price objective on Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $222.71.

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the sale, the senior vice president owned 11,953 shares of the company's stock, valued at $2,112,573.22. This trade represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.91% of the stock is currently owned by company insiders.

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.