Paylocity Holding Corporation $PCTY Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 66.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,160 shares of the software maker’s stock after purchasing an additional 4,045 shares during the period. Vise Technologies Inc.’s holdings in Paylocity were worth $1,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in Paylocity by 1.8% during the 3rd quarter. Versant Capital Management Inc now owns 4,639 shares of the software maker’s stock valued at $661,000 after buying an additional 82 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Paylocity by 1.0% in the first quarter. State of Michigan Retirement System now owns 10,472 shares of the software maker’s stock worth $1,131,000 after acquiring an additional 100 shares during the period. State of Wyoming grew its holdings in shares of Paylocity by 16.0% in the first quarter. State of Wyoming now owns 861 shares of the software maker’s stock worth $93,000 after acquiring an additional 119 shares during the period. Hsbc Holdings PLC increased its position in Paylocity by 0.4% during the fourth quarter. Hsbc Holdings PLC now owns 29,653 shares of the software maker’s stock valued at $4,535,000 after acquiring an additional 128 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in Paylocity by 37.7% during the third quarter. Elevation Wealth Partners LLC now owns 471 shares of the software maker’s stock valued at $67,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Price Performance

NASDAQ PCTY traded up $3.58 during trading hours on Friday, reaching $173.15. The company’s stock had a trading volume of 1,225,928 shares, compared to its average volume of 596,017. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $180.88. 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 $9.03 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.06 and a beta of 0.43. The firm’s 50-day moving average price is $156.11 and its 200-day moving average price is $127.44.

Paylocity (NASDAQ:PCTY) last issued its earnings results on Thursday, November 5th. The software maker reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.16. The firm had revenue of $451.67 million during the quarter, compared to analyst estimates of $443.12 million. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. Paylocity’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. On average, equities research analysts predict that Paylocity Holding Corporation will post 6.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Guggenheim increased their target price on Paylocity from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Citizens Jmp upped their price target on shares of Paylocity from $180.00 to $200.00 and gave the company a “market outperform” rating in a research report on Friday. Weiss Ratings raised shares of Paylocity from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. BMO Capital Markets boosted their target price 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. Finally, KeyCorp boosted their target price on shares of Paylocity from $178.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.47.

Insider Activity

In other news, Director Steven Sarowitz sold 8,900 shares of Paylocity stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $171.31, for a total value of $1,524,659.00. Following the sale, the director directly owned 4,354,869 shares of the company’s stock, valued at approximately $746,032,608.39. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Steven R. Beauchamp sold 15,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $165.22, for a total value of $2,478,300.00. Following the completion of the sale, the chairman owned 1,243,389 shares in the company, valued at $205,432,730.58. This represents a 1.19% decrease in their ownership of the stock. 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. Insiders sold 151,704 shares of company stock worth $25,137,741 over the last ninety days. Insiders own 19.40% of the company’s stock.

Trending Headlines about Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: For Q1 fiscal 2027, Paylocity reported adjusted earnings of $2.09 per share, versus the $1.93 consensus, and revenue of $451.7 million, above the $443.1 million estimate. Revenue increased 10.7% year over year, while recurring and other revenue rose 12%. The company’s full-year outlook slightly exceeded expectations. Paylocity Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Analyst target increases added to the upbeat tone: Citizens JMP raised its target to $200 and kept a market outperform rating; Truist raised its target to $200 and maintained Buy; and BTIG lifted its target to $210 and reiterated Buy. Citizens JMP recommendations Truist target change BTIG Research recommendations
• Positive Sentiment: Paylocity repurchased $152.5 million of shares during the quarter, continuing a buyback program that may support per-share results. It also completed the acquisition of Aidora to expand AI-powered leave-management capabilities. Quarterly results release
• Neutral Sentiment: Barclays raised its price target to $176 but maintained an Equal Weight rating, signaling a more cautious view than the other target revisions. Barclays recommendations

About Paylocity

Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based human capital management (HCM) and payroll software for organizations. Its platform is designed to help employers manage payroll, human resources, employee benefits, talent acquisition, onboarding, performance, learning, and workforce administration through an integrated system.

The company also offers tools for time and labor management, scheduling, employee communications, engagement, surveys, expense management, and other workplace activities.