192,472 Shares in Paylocity Holding Corporation $PCTY Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new position in Paylocity Holding Corporation (NASDAQ:PCTY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 192,472 shares of the software maker’s stock, valued at approximately $20,119,000. Ieq Capital LLC owned approximately 0.36% of Paylocity as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Paylocity during the 2nd quarter worth $430,315,000. Alyeska Investment Group L.P. purchased a new position in shares of Paylocity in the 3rd quarter valued at about $104,657,000. Norges Bank acquired a new stake in shares of Paylocity in the fourth quarter valued at about $88,428,000. Deutsche Bank AG purchased a new stake in Paylocity during the second quarter worth about $54,906,000. Finally, Morgan Stanley boosted its holdings in Paylocity by 117.9% during the fourth quarter. Morgan Stanley now owns 817,209 shares of the software maker’s stock worth $124,625,000 after buying an additional 442,218 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

PCTY has been the subject of a number of research analyst reports. Raymond James Financial set a $140.00 target price on shares of Paylocity in a report on Friday, May 8th. Citigroup reissued a “buy” rating on shares of Paylocity in a research note on Thursday, August 6th. Wall Street Zen cut Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. BTIG Research raised their price objective on Paylocity from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Paylocity in a report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and an average target price of $160.53.

Paylocity News Summary

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: TD Cowen raised its price target for Paylocity from $168 to $177 and maintained a “buy” rating, indicating potential upside from the referenced share price. The move signals continued confidence in Paylocity’s growth outlook. Benzinga analyst price-target report
• Positive Sentiment: Paylocity’s 50-day moving average recently moved above its 200-day average, forming a bullish “golden cross.” This technical signal could attract momentum-focused investors and reinforce the stock’s ongoing uptrend. Zacks golden cross analysis
• Positive Sentiment: Recent coverage highlighted the extension of Paylocity’s uptrend after a strong quarterly report. The company reported adjusted earnings of $1.84 per share versus the $1.62 consensus estimate and revenue of $444.7 million versus expectations of $431.5 million, with revenue up 11% year over year. Kalkine Media Paylocity uptrend report
• Neutral Sentiment: CFO Ryan Glenn, SVPs Andrew Cappotelli and Joshua Scutt, and Director Steven I. Sarowitz sold a combined 19,164 shares worth approximately $2.87 million. Because the transactions were executed under pre-arranged Rule 10b5-1 plans, they are a limited signal of near-term pessimism. Sarowitz still owns more than 4.48 million shares, and the other executives retain substantial positions. SEC insider transaction filing

Insider Buying and Selling

In related news, SVP Joshua Scutt sold 4,730 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $149.82, for a total value of $708,648.60. Following the sale, the senior vice president owned 75,729 shares of the company’s stock, valued at approximately $11,345,718.78. This represents a 5.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 11,136 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $150.81, for a total value of $1,679,420.16. Following the sale, the director owned 4,535,052 shares in the company, valued at approximately $683,931,192.12. This trade represents a 0.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 30,300 shares of company stock valued at $4,553,607. 19.40% of the stock is currently owned by company insiders.

Paylocity Stock Performance

NASDAQ:PCTY opened at $153.34 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $8.14 billion, a P/E ratio of 30.98 and a beta of 0.48. The firm has a 50-day moving average price of $126.14 and a two-hundred day moving average price of $115.25. Paylocity Holding Corporation has a twelve month low of $92.99 and a twelve month high of $182.83.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.22. The company had revenue of $444.73 million for the quarter, compared to the consensus estimate of $431.46 million. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 earnings per share. As a group, research analysts expect that Paylocity Holding Corporation will post 6.86 earnings per share for the current fiscal year.

About Paylocity

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.