Capital Impact Advisors LLC Takes $6.85 Million Position in Paylocity Holding Corporation $PCTY

Capital Impact Advisors LLC acquired a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,585 shares of the software maker’s stock, valued at approximately $6,854,000. Paylocity accounts for 2.6% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also modified their holdings of PCTY. Bayforest Capital Ltd boosted its stake in Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock valued at $55,000 after buying an additional 121 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Paylocity by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker’s stock valued at $25,551,000 after buying an additional 7,594 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Paylocity in the 1st quarter valued at $47,998,000. United Services Automobile Association acquired a new stake in Paylocity in the 1st quarter valued at $538,000. Finally, Great Lakes Advisors LLC acquired a new stake in Paylocity in the 1st quarter valued at $848,000. 94.76% of the stock is currently owned by institutional investors.

Paylocity Trading Down 0.6%

Shares of PCTY opened at $172.04 on Wednesday. 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 12-month low of $152.95 and a 12-month high of $223.80. The firm has a market capitalization of $9.49 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 3.42 and a beta of 0.51. The stock’s fifty day simple moving average is $180.56 and its 200-day simple moving average is $186.18.

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

Analysts Set New Price Targets

Several brokerages recently commented on PCTY. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Paylocity in a research note on Friday, July 18th. Raymond James Financial set a $220.00 price target on Paylocity and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Barclays reduced their price objective on Paylocity from $209.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, July 21st. KeyCorp boosted their price objective on Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, BMO Capital Markets boosted their price objective on Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Paylocity presently has an average rating of “Moderate Buy” and a consensus price target of $222.71.

Insider Activity

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $176.74, for a total value of $303,462.58. Following the completion of the sale, the senior vice president directly owned 11,953 shares in the company, valued at $2,112,573.22. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.91% of the stock is owned by company insiders.

Paylocity 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.