Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Paylocity Holding Corporation $PCTY

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Paylocity Holding Corporation by 186.4% in the second quarter, now owning 5,494 shares valued at approximately $1,014,000.
• Paylocity reported earnings per share (EPS) of $1.56, surpassing analyst expectations, with a revenue of $400.74 million for the quarter, showing a 12.2% year-over-year growth.
• The stock's current trading price of $153.12 is 3.9% down, with analysts giving a consensus target price of $221.59, indicating potential upside.

Wealth Enhancement Advisory Services LLC boosted its holdings in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 186.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,494 shares of the software maker's stock after purchasing an additional 3,576 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Paylocity were worth $1,014,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pallas Capital Advisors LLC purchased a new position in Paylocity in the second quarter valued at about $406,000. Lifestyle Asset Management Inc. bought a new position in Paylocity during the 2nd quarter worth approximately $270,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Paylocity by 1,995.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker's stock worth $47,073,000 after buying an additional 247,400 shares during the last quarter. Gallacher Capital Management LLC bought a new position in Paylocity during the 2nd quarter worth approximately $297,000. Finally, Kera Capital Partners Inc. lifted its holdings in Paylocity by 14.9% during the 2nd quarter. Kera Capital Partners Inc. now owns 1,601 shares of the software maker's stock worth $290,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Paylocity Trading Down 3.9%

Shares of NASDAQ PCTY opened at $153.12 on Thursday. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. Paylocity Holding Corporation has a 12-month low of $152.17 and a 12-month 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. The stock's 50 day simple moving average is $174.71 and its 200 day simple moving average is $182.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm had revenue of $400.74 million for the quarter, compared to analysts' expectations of $388.25 million. During the same period last year, the firm earned $1.48 EPS. The firm's revenue was up 12.2% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on PCTY shares. Cantor Fitzgerald raised Paylocity to a "strong-buy" rating in a report on Thursday, September 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 target price on shares of Paylocity in a report on Friday, July 18th. Stephens started coverage on Paylocity in a report on Monday, July 21st. They set an "equal weight" rating and a $200.00 target price on the stock. KeyCorp increased their target price on Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Raymond James Financial set a $220.00 price target on Paylocity and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Paylocity presently has an average rating of "Moderate Buy" and a consensus target price of $221.59.

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.

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