UBS Group AG Raises Stock Position in Paylocity Holding Corporation $PCTY

Key Points

• UBS Group AG increased its Paylocity stake by 38.3% in Q4, buying 115,111 shares to hold 415,879 shares (about 0.76% of the company) worth roughly $63.4 million.
• Paylocity beat expectations for the quarter, reporting $1.85 EPS versus $1.57 expected and $416.13 million in revenue (up 10.4% year‑over‑year).
• Analysts give the stock a consensus rating of "Moderate Buy" with an average target of $172.72 (14 Buys, 4 Holds, 1 Sell), though some firms like Jefferies have recently trimmed price targets.

UBS Group AG grew its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415,879 shares of the software maker's stock after purchasing an additional 115,111 shares during the period. UBS Group AG owned about 0.76% of Paylocity worth $63,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PCTY. JPMorgan Chase & Co. grew its stake in Paylocity by 22.1% during the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker's stock worth $88,459,000 after buying an additional 100,400 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Paylocity during the third quarter worth approximately $2,580,000. Sawgrass Asset Management LLC purchased a new stake in Paylocity during the third quarter worth approximately $9,156,000. Assenagon Asset Management S.A. grew its stake in Paylocity by 311.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 432,070 shares of the software maker's stock worth $65,891,000 after buying an additional 327,082 shares during the period. Finally, Tudor Investment Corp ET AL grew its stake in Paylocity by 50.7% during the third quarter. Tudor Investment Corp ET AL now owns 83,304 shares of the software maker's stock worth $13,268,000 after buying an additional 28,016 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PCTY. Jefferies Financial Group decreased their price objective on shares of Paylocity from $180.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Citigroup reiterated an "outperform" rating on shares of Paylocity in a research note on Friday, February 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Paylocity in a research note on Friday, April 24th. Robert W. Baird set a $220.00 target price on shares of Paylocity in a research report on Friday, February 6th. Finally, Stephens set a $160.00 target price on shares of Paylocity in a research report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $172.72.

Paylocity Trading Down 0.5%

NASDAQ PCTY opened at $109.03 on Tuesday. The company's fifty day simple moving average is $106.90 and its 200-day simple moving average is $129.76. Paylocity Holding Corporation has a 52 week low of $92.99 and a 52 week high of $201.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.87 billion, a P/E ratio of 25.65, a PEG ratio of 3.17 and a beta of 0.49.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its earnings results on Thursday, February 5th. The software maker reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.28. Paylocity had a net margin of 14.19% and a return on equity of 23.44%. The business had revenue of $416.13 million for the quarter, compared to analysts' expectations of $408.37 million. During the same period in the previous year, the company posted $1.52 earnings per share. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts predict that Paylocity Holding Corporation will post 5.31 EPS for the current fiscal year.

Paylocity Company Profile

Paylocity NASDAQ: PCTY is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company's integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.

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