Canada Pension Plan Investment Board bought a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 129,600 shares of the software maker's stock, valued at approximately $13,547,000. Canada Pension Plan Investment Board owned approximately 0.24% of Paylocity at the end of the most recent reporting period.

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Several other large investors have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Paylocity by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker's stock worth $25,551,000 after buying an additional 7,594 shares in the last quarter. Focus Partners Wealth increased its holdings in Paylocity by 24.5% in the first quarter. Focus Partners Wealth now owns 1,365 shares of the software maker's stock valued at $256,000 after buying an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Paylocity by 537.0% in the second quarter. EverSource Wealth Advisors LLC now owns 465 shares of the software maker's stock valued at $84,000 after buying an additional 392 shares in the last quarter. Marshall Wace LLP raised its position in shares of Paylocity by 2,782.7% in the second quarter. Marshall Wace LLP now owns 35,688 shares of the software maker's stock worth $6,466,000 after acquiring an additional 34,450 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Paylocity by 10.0% in the second quarter. Cerity Partners LLC now owns 19,241 shares of the software maker's stock worth $3,486,000 after acquiring an additional 1,749 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Paylocity

In other news, CFO Ryan Glenn sold 3,345 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $149.75, for a total value of $500,913.75. Following the transaction, the chief financial officer owned 122,563 shares in the company, valued at $18,353,809.25. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 441 shares of Paylocity stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $155.00, for a total value of $68,355.00. Following the completion of the sale, the director directly owned 4,472,954 shares in the company, valued at $693,307,870. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,741 shares of company stock valued at $4,621,962 in the last 90 days. Corporate insiders own 19.40% of the company's stock.

Paylocity Stock Down 0.1%

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Shares of NASDAQ PCTY opened at $157.93 on Friday. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 31.91 and a beta of 0.48. The company's 50-day simple moving average is $131.32 and its 200-day simple moving average is $116.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a 52-week low of $92.99 and a 52-week high of $180.86.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.22. The firm had revenue of $444.73 million during the quarter, compared to the consensus estimate of $431.46 million. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 EPS. Equities analysts predict that Paylocity Holding Corporation will post 6.92 EPS for the current fiscal year.

Key Stories 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.

Wall Street Analysts Forecast Growth

PCTY has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on Paylocity from $143.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Barclays increased their price target on Paylocity from $128.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. UBS Group raised their price objective on Paylocity from $122.00 to $128.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Citizens Jmp cut their price objective on Paylocity from $170.00 to $150.00 and set a "market outperform" rating for the company in a research report on Friday, May 8th. Finally, BTIG Research upped their target price on Paylocity from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $160.53.

Read Our Latest Stock Report on PCTY

Paylocity 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.

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Want to see what other hedge funds are holding PCTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paylocity Holding Corporation (NASDAQ:PCTY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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