Jupiter Topco LLC Invests $70.54 Million in Paylocity Holding Corporation $PCTY

Jupiter Topco LLC acquired a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 674,753 shares of the software maker’s stock, valued at approximately $70,540,000. Jupiter Topco LLC owned about 1.27% of Paylocity as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in Paylocity by 18.9% in the 1st quarter. California State Teachers Retirement System now owns 49,614 shares of the software maker’s stock worth $5,360,000 after purchasing an additional 7,891 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Paylocity during the 2nd quarter valued at $54,906,000. Pictet Asset Management Holding SA grew its position in shares of Paylocity by 32.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 198,150 shares of the software maker’s stock valued at $30,218,000 after purchasing an additional 48,380 shares in the last quarter. UBS Group AG increased its holdings in shares of Paylocity by 38.3% in the fourth quarter. UBS Group AG now owns 415,879 shares of the software maker’s stock worth $63,422,000 after purchasing an additional 115,111 shares during the period. Finally, Comerica Bank raised its position in shares of Paylocity by 36.3% in the fourth quarter. Comerica Bank now owns 46,064 shares of the software maker’s stock worth $7,025,000 after buying an additional 12,261 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

Paylocity stock opened at $158.15 on Friday. 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 company has a market capitalization of $8.39 billion, a PE ratio of 31.95 and a beta of 0.48. The firm has a fifty day simple moving average of $130.19 and a two-hundred day simple moving average of $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 posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.22. The business had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.Paylocity’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. Research analysts expect that Paylocity Holding Corporation will post 6.92 EPS for the current year.

Insider Buying and Selling

In other news, SVP Joshua Scutt sold 4,730 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $149.82, for a total value of $708,648.60. Following the transaction, the senior vice president owned 75,729 shares in the company, valued at approximately $11,345,718.78. This trade represents a 5.88% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 441 shares of Paylocity stock in a transaction on Monday, August 24th. The stock was sold at an average price of $155.00, for a total transaction of $68,355.00. Following the completion of the transaction, the director directly owned 4,472,954 shares in the company, valued at approximately $693,307,870. The trade was a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 30,741 shares of company stock worth $4,621,962. 19.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PCTY. UBS Group lifted their price target on Paylocity from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. BMO Capital Markets upped their price objective on shares of Paylocity from $143.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Paylocity in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, TD Cowen boosted their price target on shares of Paylocity from $168.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.53.

Key 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 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.