Conestoga Capital Advisors LLC Acquires 17,665 Shares of Paylocity Holding Corporation $PCTY

Conestoga Capital Advisors LLC grew its holdings in Paylocity Holding Corporation (NASDAQ:PCTYFree Report) by 16.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,988 shares of the software maker’s stock after acquiring an additional 17,665 shares during the period. Conestoga Capital Advisors LLC’s holdings in Paylocity were worth $22,647,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PCTY. TCTC Holdings LLC grew its position in Paylocity by 115.9% in the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Paylocity in the first quarter worth $48,000. Bayforest Capital Ltd lifted its stake in shares of Paylocity by 69.1% in the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock worth $55,000 after buying an additional 121 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Paylocity in the first quarter worth $61,000. Finally, IFP Advisors Inc lifted its stake in shares of Paylocity by 248.5% in the second quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock worth $61,000 after buying an additional 241 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PCTY has been the subject of a number of analyst reports. Guggenheim initiated coverage on shares of Paylocity in a research note on Thursday, September 25th. They issued a “neutral” rating for the company. Stephens initiated coverage on shares of Paylocity in a research note on Monday, July 21st. They issued an “equal weight” rating and a $200.00 price objective for the company. KeyCorp boosted their price objective on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Cantor Fitzgerald upgraded shares of Paylocity to a “strong-buy” rating in a research note on Thursday, September 11th. Finally, Barclays reduced their price objective on shares of Paylocity from $209.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Paylocity has a consensus rating of “Moderate Buy” and an average target price of $221.59.

Check Out Our Latest Analysis on Paylocity

Paylocity Price Performance

NASDAQ:PCTY opened at $150.32 on Monday. The stock has a market cap of $8.29 billion, a P/E ratio of 37.49, a PEG ratio of 2.89 and a beta of 0.53. Paylocity Holding Corporation has a one year low of $147.60 and a one year high of $223.80. The company has a fifty day moving average price of $166.95 and a 200 day moving average price of $179.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14.

Paylocity (NASDAQ:PCTYGet Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. The firm had revenue of $400.74 million during the quarter, compared to analysts’ expectations of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Paylocity Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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