Caitlin John LLC Buys Shares of 5,075 Paylocity Holding Corporation $PCTY

Caitlin John LLC bought a new stake in Paylocity Holding Corporation (NASDAQ:PCTY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,075 shares of the software maker’s stock, valued at approximately $530,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Paylocity in the 2nd quarter worth about $430,315,000. AQR Capital Management LLC grew its stake in Paylocity by 75.1% during the 4th quarter. AQR Capital Management LLC now owns 943,591 shares of the software maker’s stock valued at $143,747,000 after acquiring an additional 404,605 shares in the last quarter. Morgan Stanley increased its holdings in shares of Paylocity by 117.9% in the 4th quarter. Morgan Stanley now owns 817,209 shares of the software maker’s stock valued at $124,625,000 after purchasing an additional 442,218 shares during the period. Millennium Management LLC increased its holdings in shares of Paylocity by 97.7% in the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after purchasing an additional 369,975 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in shares of Paylocity in the second quarter worth approximately $70,540,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Ryan Glenn sold 3,345 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.75, for a total transaction of $500,913.75. Following the transaction, the chief financial officer owned 122,563 shares of the company’s stock, valued at approximately $18,353,809.25. This represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 11,136 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 4,535,052 shares in the company, valued at $683,931,192.12. The trade was a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,741 shares of company stock valued at $4,621,962 in the last three months. 19.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on PCTY shares. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Paylocity in a research note on Wednesday, August 5th. KeyCorp lifted their target price on shares of Paylocity from $172.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Truist Financial lowered their price target on shares of Paylocity from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Finally, Stephens dropped their price target on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Paylocity has an average rating of “Moderate Buy” and a consensus target price of $160.53.

Paylocity Price Performance

Shares of PCTY opened at $158.15 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $8.39 billion, a PE ratio of 31.95 and a beta of 0.48. The firm’s 50 day moving average price is $130.19 and its 200 day moving average price is $115.93. Paylocity Holding Corporation has a twelve month low of $92.99 and a twelve month high of $181.97.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, topping the consensus estimate of $1.62 by $0.22. The company had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. Paylocity’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 EPS. As a group, research analysts expect that Paylocity Holding Corporation will post 6.92 EPS for the current fiscal year.

More Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Analysts raised several future EPS forecasts. Zacks Research lifted its FY2027 estimate to $6.33 from $5.98 and its FY2028 estimate to $7.18 from $6.67. It also increased projections for Q1 and Q2 of 2027, Q3 of 2028, and initiated an FY2029 estimate of $8.28. The revisions suggest improved expectations for Paylocity’s long-term earnings growth, although Zacks retained a “Hold” rating. Zacks Paylocity estimates
• Positive Sentiment: AI recruiting capabilities are gaining customer traction. Paylocity is partnering with a major client through HireQuotient’s AI-powered recruiting platform. A customer cited a 70% reduction in manual recruiting work and a more-than-50% reduction in time to hire, supporting the potential value of Paylocity’s integrated HCM and recruiting ecosystem. Paylocity AI recruiting partnership
• Positive Sentiment: Broader software-sector momentum provided additional support. Paylocity was listed among software companies trading higher, suggesting investor interest in technology stocks and AI-related applications may have contributed to the move. Software stocks trading higher
• Neutral Sentiment: Estimate changes were mixed. Zacks reduced its Q4 2027 EPS forecast to $1.39 from $1.43 and Q2 2028 to $1.57 from $1.58. Its current-year consensus estimate remains $6.86 per share.
• Neutral Sentiment: Insider selling was minimal. Director Steven Sarowitz sold 441 shares for $68,355 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.01%, leaving him with nearly 4.47 million shares, making it unlikely to materially affect sentiment. Paylocity director stock sale

Paylocity 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.