Paylocity (NASDAQ:PCTY) Director Steven Sarowitz Sells 441 Shares

Paylocity Holding Corporation (NASDAQ:PCTY) Director Steven Sarowitz sold 441 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $155.00, for a total value of $68,355.00. Following the completion of the transaction, the director owned 4,472,954 shares of the company’s stock, valued at $693,307,870. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paylocity Price Performance

NASDAQ:PCTY opened at $152.04 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $8.07 billion, a PE ratio of 30.72 and a beta of 0.48. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $181.97. The company’s 50-day moving average price is $129.04 and its two-hundred day moving average price is $115.64.

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

Key Headlines Impacting Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $6.33 from $5.98 and its FY2028 forecast to $7.18 from $6.67. The firm also increased estimates for Q1 and Q2 2027 and Q3 2028, indicating improved expectations for Paylocity’s earnings growth. Zacks additionally initiated a FY2029 EPS estimate of $8.28. Paylocity analyst coverage
• Positive Sentiment: Paylocity’s partnership with HireQuotient received customer validation: Alliance Building Services reportedly reduced manual recruiting work by 70% and cut time-to-hire by more than half using HireQuotient’s AI-native recruiting platform. The example supports the value of Paylocity’s partner ecosystem and integrated human-capital software offering. HireQuotient Alliance Building Services announcement
• Neutral Sentiment: The estimate changes were not uniformly positive. Zacks trimmed its Q2 2028 EPS forecast slightly to $1.57 from $1.58 and reduced Q4 2027 to $1.39 from $1.43, while maintaining a “Hold” rating. The current-year consensus remains $6.86 per share.
• Neutral Sentiment: Director Steven I. Sarowitz sold 441 shares for approximately $68,355 under a pre-arranged Rule 10b5-1 trading plan. The sale represented only 0.01% of his ownership, leaving him with nearly 4.47 million shares, so it is unlikely to materially affect investor sentiment. SEC insider transaction filing
• Negative Sentiment: The modest downward revisions for select future quarters introduce some uncertainty around the pace and timing of earnings growth, particularly given Paylocity’s elevated valuation relative to its historical trading range.

Analysts Set New Price Targets

Several research firms have weighed in on PCTY. UBS Group increased their target price on Paylocity from $122.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. BMO Capital Markets increased their price target on shares of Paylocity from $143.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. TD Cowen boosted their price objective on shares of Paylocity from $168.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, August 20th. KeyCorp increased their target price on shares of Paylocity from $172.00 to $178.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $165.00 price target on shares of Paylocity in a report on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.53.

Institutional Investors Weigh In On Paylocity

Several large investors have recently made changes to their positions in PCTY. Optiver Holding B.V. raised its position in Paylocity by 5,925.0% during the first quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after acquiring an additional 237 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Paylocity in the 2nd quarter valued at about $27,000. Basecamp Wealth Advisors LLC grew its position in shares of Paylocity by 4,250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after acquiring an additional 255 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Paylocity during the 4th quarter worth about $30,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of Paylocity by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker’s stock worth $36,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Company Profile

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.