Pallas Capital Advisors LLC Purchases New Position in Paylocity Holding Corporation $PCTY

Pallas Capital Advisors LLC bought a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,238 shares of the software maker’s stock, valued at approximately $406,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lifestyle Asset Management Inc. purchased a new stake in Paylocity during the 2nd quarter valued at $270,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Paylocity by 1,995.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 259,800 shares of the software maker’s stock valued at $47,073,000 after buying an additional 247,400 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in shares of Paylocity during the 2nd quarter valued at $297,000. Kera Capital Partners Inc. grew its position in shares of Paylocity by 14.9% during the 2nd quarter. Kera Capital Partners Inc. now owns 1,601 shares of the software maker’s stock valued at $290,000 after acquiring an additional 208 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Paylocity by 62.5% during the 1st quarter. Voya Investment Management LLC now owns 44,516 shares of the software maker’s stock valued at $8,340,000 after acquiring an additional 17,118 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PCTY has been the subject of several recent analyst reports. Jefferies Financial Group dropped their target price on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Stephens initiated coverage on shares of Paylocity in a research report on Monday, July 21st. They set an “equal weight” rating and a $200.00 target price on the stock. KeyCorp upped their target price 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. BMO Capital Markets increased their price objective on shares of Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Paylocity in a research report on Friday, July 18th. One equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $221.59.

Paylocity Trading Down 0.5%

NASDAQ PCTY opened at $164.22 on Friday. Paylocity Holding Corporation has a 1 year low of $159.70 and a 1 year high of $223.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average of $178.06 and a 200 day moving average of $184.18. The company has a market capitalization of $9.06 billion, a PE ratio of 40.95, a P/E/G ratio of 3.13 and a beta of 0.51.

Paylocity (NASDAQ:PCTY) last released its earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $400.74 million during the quarter, compared to analysts’ expectations of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter 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 forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Andrew Cappotelli sold 1,717 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total value of $303,462.58. Following the transaction, the senior vice president directly owned 11,953 shares in the company, valued at approximately $2,112,573.22. This represents a 12.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 21.91% of the stock is owned by insiders.

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.