Vise Technologies Inc. Makes New $639,000 Investment in Paylocity Holding Corporation $PCTY

Vise Technologies Inc. acquired a new stake in Paylocity Holding Corporation (NASDAQ:PCTY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,115 shares of the software maker’s stock, valued at approximately $639,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Michigan Retirement System increased its holdings in shares of Paylocity by 1.0% during the first quarter. State of Michigan Retirement System now owns 10,472 shares of the software maker’s stock valued at $1,131,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Paylocity by 3.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,419 shares of the software maker’s stock valued at $521,000 after purchasing an additional 106 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Paylocity by 35.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 428 shares of the software maker’s stock valued at $77,000 after purchasing an additional 111 shares in the last quarter. State of Wyoming raised its holdings in Paylocity by 16.0% during the first quarter. State of Wyoming now owns 861 shares of the software maker’s stock worth $93,000 after buying an additional 119 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Paylocity by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 7,382 shares of the software maker’s stock worth $1,126,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Key Headlines Impacting Paylocity

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

Paylocity Price Performance

PCTY opened at $153.34 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 30.98 and a beta of 0.47. The firm’s fifty day moving average price is $126.14 and its two-hundred day moving average price is $115.11. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $182.83.

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

Insider Activity

In other Paylocity news, SVP Andrew Cappotelli sold 2,550 shares of Paylocity stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $382,066.50. Following the transaction, the senior vice president owned 44,329 shares of the company’s stock, valued at $6,641,814.07. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 8,539 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $150.20, for a total value of $1,282,557.80. Following the completion of the transaction, the director owned 4,480,055 shares in the company, valued at $672,904,261. The trade was a 0.19% 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 quarter, insiders sold 30,300 shares of company stock valued at $4,553,607. 19.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PCTY has been the subject of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of Paylocity in a report on Thursday, August 6th. TD Cowen upped their target price on shares of Paylocity from $168.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets raised 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. Jefferies Financial Group reiterated a “buy” rating and set a $165.00 price target on shares of Paylocity in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.53.

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.