United Services Automobile Association Takes $538,000 Position in Paylocity Holding Corporation $PCTY

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 purchased a new stake in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,886 shares of the software maker's stock, valued at approximately $538,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of Paylocity by 7.3% in the 1st quarter. New York State Teachers Retirement System now owns 40,154 shares of the software maker's stock valued at $7,522,000 after buying an additional 2,724 shares during the period. GAMMA Investing LLC grew its holdings in shares of Paylocity by 41.9% in the 1st quarter. GAMMA Investing LLC now owns 545 shares of the software maker's stock valued at $102,000 after buying an additional 161 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Paylocity by 6.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,293 shares of the software maker's stock valued at $1,179,000 after buying an additional 383 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Paylocity in the 1st quarter valued at $359,000. Finally, UMB Bank n.a. grew its holdings in shares of Paylocity by 89.1% in the 1st quarter. UMB Bank n.a. now owns 467 shares of the software maker's stock valued at $87,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Trading Down 0.6%

Shares of NASDAQ:PCTY opened at $172.04 on Wednesday. The company's 50-day moving average price is $180.56 and its two-hundred day moving average price is $186.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. Paylocity Holding Corporation has a one year low of $152.95 and a one year high of $223.80. The stock has a market capitalization of $9.49 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 3.42 and a beta of 0.51.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $388.25 million. During the same period in the previous year, the firm posted $1.48 EPS. The company'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. On average, equities analysts forecast that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 21.91% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on PCTY shares. BMO Capital Markets boosted their price objective on shares of Paylocity from $226.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. 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 report on Wednesday, August 6th. KeyCorp boosted their price objective on shares of Paylocity from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Cantor Fitzgerald started coverage on shares of Paylocity in a research report on Thursday, August 14th. They issued an "overweight" rating and a $215.00 price objective on the stock. Finally, 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 report on Monday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Paylocity currently has a consensus rating of "Moderate Buy" and an average target price of $222.71.

Paylocity 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.

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