3,330 Shares in Paylocity Holding Corporation $PCTY Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Paylocity Holding Corporation (NASDAQ:PCTY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,330 shares of the software maker’s stock, valued at approximately $348,000.

Several other large investors have also bought and sold shares of the stock. California State Teachers Retirement System lifted its stake in shares of Paylocity by 18.9% during the 1st quarter. California State Teachers Retirement System now owns 49,614 shares of the software maker’s stock worth $5,360,000 after purchasing an additional 7,891 shares during the period. Deutsche Bank AG purchased a new stake in shares of Paylocity in the second quarter valued at $54,906,000. UBS Group AG increased its stake in Paylocity by 38.3% in the fourth quarter. UBS Group AG now owns 415,879 shares of the software maker’s stock valued at $63,422,000 after purchasing an additional 115,111 shares during the last quarter. Comerica Bank lifted its position in Paylocity by 36.3% during the fourth quarter. Comerica Bank now owns 46,064 shares of the software maker’s stock worth $7,025,000 after buying an additional 12,261 shares during the period. Finally, BlackRock Inc. acquired a new stake in Paylocity in the 2nd quarter worth about $430,315,000. 94.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Joshua Scutt sold 4,730 shares of Paylocity stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $149.82, for a total transaction of $708,648.60. Following the sale, the senior vice president owned 75,729 shares in the company, valued at $11,345,718.78. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Andrew Cappotelli sold 2,550 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $382,066.50. Following the transaction, the senior vice president directly owned 44,329 shares in the company, valued at approximately $6,641,814.07. The trade was a 5.44% 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. In the last 90 days, insiders have sold 30,741 shares of company stock valued at $4,621,962. Corporate insiders own 19.40% of the company’s stock.

Paylocity Stock Down 0.1%

Shares of Paylocity stock opened at $157.93 on Friday. The company has a fifty day moving average price of $131.32 and a 200 day moving average price of $116.22. 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 twelve month low of $92.99 and a twelve month high of $180.86. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 31.91 and a beta of 0.48.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, beating the consensus estimate of $1.62 by $0.22. The company had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.56 earnings per share. Equities research analysts forecast that Paylocity Holding Corporation will post 6.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PCTY. Wall Street Zen cut Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Raymond James Financial set a $140.00 target price on shares of Paylocity in a report on Friday, May 8th. Weiss Ratings raised shares of Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Citigroup restated a “buy” rating on shares of Paylocity in a report on Thursday, August 6th. Finally, Robert W. Baird set a $201.00 price target on Paylocity in a research report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Paylocity presently has a consensus rating of “Moderate Buy” and an average target price of $160.53.

Key Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its FY2027 EPS estimate to $6.33 from $5.98 and its FY2028 forecast to $7.18 from $6.67. It also initiated a FY2029 estimate of $8.28 and increased several quarterly forecasts, signaling improved expectations for Paylocity’s earnings trajectory. Zacks nevertheless maintained a “Hold” rating. Zacks Research comments on Paylocity FY2029 earnings
• Positive Sentiment: AI recruiting traction: Paylocity’s partner HireQuotient highlighted results at Alliance Building Services, where its AI-native recruiting platform reportedly reduced manual recruiting work by 70% and cut time-to-hire by more than half. The customer example supports demand for Paylocity’s integrated human-capital-management ecosystem. Paylocity partners for AI-powered recruiting
• Positive Sentiment: Sector momentum: Paylocity traded higher alongside MongoDB, Datadog, Five9 and Monday.com, suggesting investor appetite for software and technology shares also contributed to the stock’s recent strength. Software stocks trade higher
• Neutral Sentiment: Mixed estimate revisions: Zacks slightly reduced its Q2 2028 EPS forecast to $1.57 from $1.58 and Q4 2027 to $1.39 from $1.43, partly offsetting the broader upward revisions. The current-year consensus remains approximately $6.86 per share.
• Neutral Sentiment: Limited insider sale: Director Steven Sarowitz sold 441 shares for approximately $68,355 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.01%, leaving him with nearly 4.47 million shares, making it unlikely to materially alter investor sentiment. Paylocity director stock sale
• Negative Sentiment: Valuation risk remains: With PCTY trading near its 52-week high and at roughly 32 times earnings, the stock may be vulnerable if future growth slows or estimates are revised lower. Zacks’ continued “Hold” rating reinforces that the improved outlook is not yet a broad-based bullish endorsement.

Paylocity Company 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.