Park Avenue Securities LLC Invests $1.03 Million in Paylocity Holding Corporation $PCTY

Park Avenue Securities LLC bought a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,686 shares of the software maker’s stock, valued at approximately $1,030,000.

A number of other large investors also recently made changes to their positions in PCTY. Mackenzie Financial Corp bought a new position in shares of Paylocity during the fourth quarter worth approximately $713,000. Kera Capital Partners Inc. increased its stake in shares of Paylocity by 22.8% during the first quarter. Kera Capital Partners Inc. now owns 1,393 shares of the software maker’s stock worth $261,000 after purchasing an additional 259 shares during the period. First Hawaiian Bank grew its position in Paylocity by 6.6% during the first quarter. First Hawaiian Bank now owns 4,100 shares of the software maker’s stock worth $768,000 after buying an additional 255 shares in the last quarter. Versant Capital Management Inc grew its position in Paylocity by 415.5% during the first quarter. Versant Capital Management Inc now owns 2,057 shares of the software maker’s stock worth $385,000 after buying an additional 1,658 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Paylocity by 26,488.5% during the first quarter. GAMMA Investing LLC now owns 102,100 shares of the software maker’s stock worth $19,127,000 after buying an additional 101,716 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Trading Down 0.1%

NASDAQ PCTY opened at $163.69 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Paylocity Holding Corporation has a twelve month low of $159.96 and a twelve month high of $223.80. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 3.12 and a beta of 0.51. The business’s fifty day moving average is $176.25 and its 200 day moving average is $183.36.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The company had revenue of $400.74 million for the quarter, compared to the consensus estimate of $388.25 million. During the same quarter last year, the business posted $1.48 EPS. Paylocity’s revenue for the quarter was up 12.2% on a year-over-year basis. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PCTY. Guggenheim began coverage on Paylocity in a research report on Thursday. They set a “neutral” rating on the stock. Raymond James Financial set a $220.00 price target on Paylocity and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. KeyCorp increased their price target on Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Barclays reduced their price target on Paylocity from $209.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, July 21st. Finally, Citigroup reduced their price target on Paylocity from $225.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.59.

Paylocity Company Profile

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.