Alamar Capital Management LLC Sells 502 Shares of Paylocity Holding Corporation $PCTY

Alamar Capital Management LLC cut its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,891 shares of the software maker’s stock after selling 502 shares during the quarter. Paylocity makes up approximately 2.2% of Alamar Capital Management LLC’s holdings, making the stock its 13th biggest position. Alamar Capital Management LLC’s holdings in Paylocity were worth $4,148,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Forum Financial Management LP bought a new position in shares of Paylocity during the 2nd quarter valued at approximately $264,000. Cullen Frost Bankers Inc. grew its stake in shares of Paylocity by 16,660.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 838 shares of the software maker’s stock valued at $152,000 after acquiring an additional 833 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Paylocity by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock valued at $1,097,000 after acquiring an additional 54 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Paylocity by 16.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 124,988 shares of the software maker’s stock valued at $22,647,000 after acquiring an additional 17,665 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Paylocity by 8.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,368 shares of the software maker’s stock valued at $628,000 after acquiring an additional 259 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Paylocity Stock Down 0.0%

Shares of PCTY opened at $151.96 on Friday. The company has a market cap of $8.38 billion, a PE ratio of 37.90, a P/E/G ratio of 2.92 and a beta of 0.53. The business has a fifty day moving average of $165.39 and a 200 day moving average of $178.83. Paylocity Holding Corporation has a 52-week low of $147.60 and a 52-week high of $223.80. 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 (NASDAQ:PCTY) last released its earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The business had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. During the same quarter last year, the firm posted $1.48 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on PCTY. Barclays dropped their price target on Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday. Cowen reiterated a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. Citigroup lowered their target price on Paylocity from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Stephens started coverage on Paylocity in a research report on Monday, July 21st. They issued an “equal weight” rating and a $200.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Paylocity in a research report on Wednesday, October 8th. One 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 company. According to data from MarketBeat.com, Paylocity presently has a consensus rating of “Moderate Buy” and an average price target of $220.71.

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.