Russell Investments Group Ltd. Grows Stock Position in Paylocity Holding Corporation $PCTY

Key Points

• Russell Investments Group Ltd. increased its stake in Paylocity Holding Corporation by 103.0%, owning approximately 70,290 shares valued at $13.17 million after purchasing an additional 35,665 shares.
• Analysts have mixed views on Paylocity, with target price adjustments from firms like Stifel Nicolaus and Barclays, indicating a current average target price of $222.71 with a rating of "Moderate Buy."
• Paylocity recently reported quarterly earnings of $1.56 per share, exceeding estimates and showing a 12.2% year-over-year revenue growth, totaling $400.74 million.

Russell Investments Group Ltd. grew its holdings in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 103.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,290 shares of the software maker's stock after buying an additional 35,665 shares during the period. Russell Investments Group Ltd. owned 0.13% of Paylocity worth $13,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PCTY. Associated Banc Corp boosted its stake in Paylocity by 4.5% during the first quarter. Associated Banc Corp now owns 1,207 shares of the software maker's stock worth $226,000 after buying an additional 52 shares during the period. TCTC Holdings LLC raised its holdings 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. Louisiana State Employees Retirement System raised its holdings in Paylocity by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker's stock worth $2,286,000 after purchasing an additional 100 shares in the last quarter. Securian Asset Management Inc. raised its holdings in Paylocity by 3.1% during the first quarter. Securian Asset Management Inc. now owns 3,355 shares of the software maker's stock worth $629,000 after purchasing an additional 100 shares in the last quarter. Finally, Chicago Capital LLC raised its holdings in Paylocity by 1.4% during the first quarter. Chicago Capital LLC now owns 7,661 shares of the software maker's stock worth $1,435,000 after purchasing an additional 106 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Paylocity

In other news, SVP Andrew Cappotelli sold 1,717 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the transaction, the senior vice president directly owned 11,953 shares of the company's stock, valued at $2,112,573.22. This represents a 12.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.91% of the stock is currently owned by company insiders.

Paylocity Price Performance

Shares of NASDAQ:PCTY traded down $3.1660 on Thursday, reaching $178.1040. 258,875 shares of the company were exchanged, compared to its average volume of 483,950. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity Holding Corporation has a 1-year low of $150.87 and a 1-year high of $223.80. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 44.46, a price-to-earnings-growth ratio of 3.52 and a beta of 0.54. The company has a 50-day moving average of $180.97 and a 200-day moving average of $189.67.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, topping 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 business had revenue of $400.74 million for the quarter, compared to analysts' expectations of $388.25 million. During the same period in the prior year, the company posted $1.48 EPS. The business's revenue for the quarter 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 forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group lifted their target price on shares of Paylocity from $201.00 to $202.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. BMO Capital Markets lifted 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. Stephens began coverage on shares of Paylocity in a report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 target price on shares of Paylocity in a report on Friday, July 18th. Finally, Stifel Nicolaus cut their target price on shares of Paylocity from $250.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Paylocity presently has a consensus rating of "Moderate Buy" and an average target price of $222.71.

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.