Sanctuary Advisors LLC Acquires Shares of 3,858 Paylocity Holding Corporation $PCTY

Posted by George Bondi on Aug 31st, 2026

Sanctuary Advisors LLC acquired a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 3,858 shares of the software maker’s stock, valued at approximately $403,000.

Several other hedge funds also recently made changes to their positions in PCTY. Optiver Holding B.V. increased its stake in shares of 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 period. Global Retirement Partners LLC purchased a new position in Paylocity during the second quarter worth about $27,000. Basecamp Wealth Advisors LLC lifted its position in Paylocity by 4,250.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after purchasing an additional 255 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Paylocity in the fourth quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Paylocity by 500.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker’s stock valued at $36,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of Paylocity stock opened at $157.93 on Monday. Paylocity Holding Corporation has a 12-month low of $92.99 and a 12-month high of $180.86. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $8.38 billion, a PE ratio of 31.91 and a beta of 0.47. The company has a 50-day moving average of $131.32 and a two-hundred day moving average of $116.25.

Paylocity (NASDAQ:PCTY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, topping the consensus estimate of $1.62 by $0.22. The business 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 company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 EPS. On average, research analysts anticipate that Paylocity Holding Corporation will post 6.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on PCTY shares. Truist Financial dropped their target price on Paylocity from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Weiss Ratings upgraded Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. UBS Group upped their price objective on Paylocity from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. BTIG Research increased their price objective on Paylocity from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Stephens cut their price objective on Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.53.

Get Our Latest Stock Analysis on Paylocity

Insider Buying and Selling at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 2,550 shares of Paylocity stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $382,066.50. Following the completion of the transaction, the senior vice president 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $149.82, for a total transaction of $708,648.60. Following the completion of the sale, the senior vice president directly owned 75,729 shares in the company, valued at $11,345,718.78. This trade represents a 5.88% decrease in their position. 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 90 days, insiders have sold 30,741 shares of company stock valued at $4,621,962. Insiders own 19.40% of the company’s stock.

Key Headlines Impacting Paylocity

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

(Free Report)

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.