4,045 Paylocity Holding Corporation $PCTY Shares Acquired by Vise Technologies Inc.

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

Several other large investors have also recently modified their holdings of PCTY. MGO One Seven LLC purchased a new stake in shares of Paylocity during the third quarter valued at approximately $259,000. Choreo LLC increased its stake in shares of Paylocity by 31.6% in the third quarter. Choreo LLC now owns 3,849 shares of the software maker’s stock worth $549,000 after buying an additional 924 shares during the period. Childress Capital Advisors LLC purchased a new position in shares of Paylocity in the third quarter worth $222,000. SYM FINANCIAL Corp purchased a new position in shares of Paylocity in the third quarter worth $247,000. Finally, Park Avenue Securities LLC raised its holdings in Paylocity by 31.6% during the 3rd quarter. Park Avenue Securities LLC now owns 2,695 shares of the software maker’s stock valued at $384,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Insiders Place Their Bets

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 completion of the transaction, the director owned 4,354,869 shares of the company’s stock, valued at $746,032,608.39. The trade was a 0.20% decrease in their position. The transaction was disclosed in a document filed 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, Chairman Steven R. Beauchamp sold 15,000 shares of Paylocity stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $165.22, for a total transaction of $2,478,300.00. Following the completion of the transaction, the chairman directly owned 1,243,389 shares of the company’s stock, valued at $205,432,730.58. This trade 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. Over the last three months, insiders sold 151,704 shares of company stock worth $25,137,741. Insiders own 19.40% of the company’s stock.

Key Stories Impacting 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

Paylocity Stock Up 2.1%

PCTY traded up $3.58 during midday trading 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. The firm 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 company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $180.88. The stock’s 50-day moving average is $156.11 and its 200-day moving average is $127.44.

Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, November 5th. The software maker reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $1.75 earnings per share. As a group, research analysts expect that Paylocity Holding Corporation will post 6.92 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PCTY shares. UBS Group set a $175.00 price target on shares of Paylocity in a research report on Tuesday, September 29th. Weiss Ratings upgraded shares of Paylocity from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Citizens Jmp raised their target price on Paylocity from $180.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday. Cantor Fitzgerald boosted their price target on Paylocity from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Finally, Barclays upped their price target on Paylocity from $162.00 to $176.00 and gave the company an “equal weight” rating in a research report on Friday. Twelve equities research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.47.

Paylocity Company Profile

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.