6,115 Shares in Paylocity Holding Corporation $PCTY Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Paylocity Holding Corporation (NASDAQ:PCTY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,115 shares of the software maker’s stock, valued at approximately $639,000.

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

Key Paylocity News

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

Insider Activity at Paylocity

In related news, SVP Andrew Cappotelli sold 2,550 shares of the business’s stock in a transaction 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 in the company, valued at $6,641,814.07. The trade was a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $150.20, for a total transaction of $1,282,557.80. Following the transaction, the director directly owned 4,480,055 shares in the company, valued at approximately $672,904,261. This represents a 0.19% 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. In the last quarter, insiders sold 30,300 shares of company stock worth $4,553,607. Corporate insiders own 19.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Paylocity from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Stephens reduced their target price on Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Citizens Jmp decreased their target price on shares of Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, BMO Capital Markets boosted their price target 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. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.53.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $153.34 on Monday. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $182.83. 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 business’s 50-day moving average is $126.14 and its 200-day moving average is $115.11. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 30.98 and a beta of 0.47.

Paylocity (NASDAQ:PCTY) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, topping 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 business had revenue of $444.73 million during the quarter, compared to the consensus estimate of $431.46 million. During the same period in the previous 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. Equities research analysts predict that Paylocity Holding Corporation will post 6.86 earnings per share for the current year.

About Paylocity

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.