Landscape Capital Management L.L.C. Makes New Investment in Paylocity Holding Corporation $PCTY

Landscape Capital Management L.L.C. purchased a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 24,790 shares of the software maker’s stock, valued at approximately $2,591,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in shares of Paylocity in the fourth quarter valued at approximately $30,000. Advisory Services Network LLC acquired a new stake in Paylocity during the third quarter worth approximately $38,000. Optiver Holding B.V. boosted its position in Paylocity by 5,925.0% during the first quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after acquiring an additional 237 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Paylocity in the 2nd quarter worth approximately $27,000. Finally, Basecamp Wealth Advisors LLC grew its stake in Paylocity by 4,250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock worth $28,000 after acquiring an additional 255 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Paylocity Price Performance

Paylocity stock opened at $153.34 on Friday. 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 quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50 day moving average price of $126.14 and a 200 day moving average price of $115.25. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 30.98 and a beta of 0.48.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. During the same quarter last year, the business earned $1.56 EPS. Paylocity’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts predict that Paylocity Holding Corporation will post 6.86 earnings per share for the current year.

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 2,550 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $382,066.50. Following the completion of the sale, the senior vice president owned 44,329 shares of the company’s stock, valued at approximately $6,641,814.07. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joshua Scutt sold 4,730 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.82, for a total value of $708,648.60. Following the sale, the senior vice president owned 75,729 shares of the company’s stock, valued at $11,345,718.78. This represents a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 30,300 shares of company stock valued at $4,553,607. Corporate insiders own 19.40% of the company’s stock.

Analysts Set New Price Targets

PCTY has been the topic of a number of recent analyst reports. UBS Group increased their price target on Paylocity from $122.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Truist Financial decreased their price objective on Paylocity from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Wall Street Zen downgraded Paylocity from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. KeyCorp upped their target price on Paylocity from $172.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.53.

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

Paylocity Profile

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.