Great Lakes Advisors LLC Takes $848,000 Position in Paylocity Holding Corporation $PCTY

Great Lakes Advisors LLC purchased a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,526 shares of the software maker’s stock, valued at approximately $848,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. TCTC Holdings LLC increased its holdings 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 purchasing an additional 80 shares during the period. USA Financial Formulas acquired a new stake in Paylocity in the first quarter valued at $29,000. Hughes Financial Services LLC acquired a new stake in Paylocity in the first quarter valued at $48,000. Bayforest Capital Ltd increased its holdings 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 purchasing an additional 121 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Paylocity in the 1st quarter worth approximately $61,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCTY has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Paylocity from $209.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, July 21st. KeyCorp boosted their price target on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. BMO Capital Markets increased their price target on Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Stephens assumed coverage on Paylocity in a report on Monday, July 21st. They set an “equal weight” rating and a $200.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on Paylocity from $235.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $222.71.

Insider Buying and Selling at Paylocity

In other news, SVP Andrew Cappotelli sold 1,717 shares of the company’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 transaction, the senior vice president owned 11,953 shares in the company, valued at approximately $2,112,573.22. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.91% of the company’s stock.

Paylocity Price Performance

Shares of NASDAQ PCTY opened at $171.93 on Friday. The firm’s 50-day moving average price is $180.09 and its 200-day moving average price is $185.82. Paylocity Holding Corporation has a 1-year low of $154.51 and a 1-year high of $223.80. The firm has a market capitalization of $9.48 billion, a P/E ratio of 42.88, a P/E/G ratio of 3.35 and a beta of 0.51. 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) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating 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 analyst estimates of $388.25 million. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business’s quarterly 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 anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

About Paylocity

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.