2,886 Shares in Paylocity Holding Corporation $PCTY Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new position in Paylocity Holding Corporation, purchasing 2,886 shares valued at approximately $538,000 in the first quarter of the year.
• The company's stock is currently trading down by 0.6%, with a market capitalization of $9.49 billion and a PE ratio of 42.90.
• Paylocity reported earnings of $1.56 per share, exceeding analysts' expectations, along with revenue of $400.74 million, marking a 12.2% increase year-over-year.

United Services Automobile Association bought a new stake in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,886 shares of the software maker's stock, valued at approximately $538,000.

Other hedge funds also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its stake in Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after buying an additional 80 shares during the last quarter. USA Financial Formulas bought a new stake in Paylocity in the first quarter valued at $29,000. Hughes Financial Services LLC bought a new stake in Paylocity in the first quarter valued at $48,000. Bayforest Capital Ltd lifted its stake in Paylocity by 69.1% in the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock valued at $55,000 after buying an additional 121 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Paylocity in the first quarter valued at $61,000. 94.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PCTY shares. Stephens started coverage on Paylocity in a research note on Monday, July 21st. They issued an "equal weight" rating and a $200.00 target price on the stock. Jefferies Financial Group cut their price objective on shares of Paylocity from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. UBS Group lifted their price objective on shares of Paylocity from $201.00 to $202.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Citigroup cut their price objective on shares of Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Finally, Zacks Research upgraded shares of Paylocity from a "strong sell" rating to a "hold" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $222.71.

Insider Transactions at Paylocity

In related news, SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction dated Monday, June 23rd. The stock was 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. The trade was 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 at the SEC website. 21.91% of the stock is currently owned by insiders.

Paylocity Price Performance

NASDAQ:PCTY traded down $0.06 during mid-day trading on Monday, reaching $169.63. 87,105 shares of the stock were exchanged, compared to its average volume of 484,402. The business has a fifty day moving average price of $179.79 and a 200 day moving average price of $185.35. The firm has a market capitalization of $9.36 billion, a PE ratio of 42.22, a PEG ratio of 3.23 and a beta of 0.51. Paylocity Holding Corporation has a 1-year low of $156.55 and a 1-year high of $223.80. 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 (NASDAQ:PCTY - Get Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.18. The firm had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.Paylocity's revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.48 earnings per share. 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 earnings per share for the current fiscal 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.