Magnetar Financial LLC Raises Position in Paylocity Holding Corporation $PCTY

Magnetar Financial LLC increased its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 109.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,507 shares of the software maker’s stock after purchasing an additional 27,411 shares during the period. Magnetar Financial LLC owned approximately 0.10% of Paylocity worth $9,514,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its position in Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after purchasing an additional 80 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Paylocity by 47.4% in the second quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock valued at $46,000 after buying an additional 81 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Paylocity by 69.1% in the first 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. SVB Wealth LLC acquired a new position in Paylocity during the first quarter worth $61,000. Finally, IFP Advisors Inc raised its position in Paylocity by 248.5% in the second quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock worth $61,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of NASDAQ:PCTY opened at $143.93 on Friday. The business’s fifty day moving average price is $152.71 and its two-hundred day moving average price is $173.10. The stock has a market cap of $7.83 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 4.32 and a beta of 0.58. Paylocity Holding Corporation has a one year low of $135.46 and a one year high of $223.80.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. The business had revenue of $408.17 million for the quarter, compared to the consensus estimate of $399.53 million. Paylocity had a return on equity of 22.07% and a net margin of 13.75%.The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities research analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

PCTY has been the topic of a number of recent analyst reports. Zacks Research raised shares of Paylocity from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. KeyCorp boosted their price objective on shares of Paylocity from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Jefferies Financial Group lowered their target price on shares of Paylocity from $225.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Raymond James Financial set a $220.00 price target on shares of Paylocity and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Cowen reissued a “buy” rating on shares of Paylocity in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.83.

Insider Activity

In other news, CFO Ryan Glenn sold 1,737 shares of Paylocity stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total transaction of $249,520.05. Following the completion of the sale, the chief financial officer directly owned 77,229 shares in the company, valued at $11,093,945.85. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 19.40% of the stock is owned by corporate 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.