Hussman Strategic Advisors Inc. Purchases Shares of 12,600 Paylocity Holding Corporation $PCTY

Hussman Strategic Advisors Inc. purchased a new position in Paylocity Holding Corporation (NASDAQ:PCTY – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,600 shares of the software maker’s stock, valued at approximately $2,283,000.

Other institutional investors have also recently made changes to their positions in the company. Associated Banc Corp lifted its position in shares of Paylocity by 4.5% during the 1st quarter. Associated Banc Corp now owns 1,207 shares of the software maker’s stock valued at $226,000 after buying an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Paylocity by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock valued at $1,097,000 after purchasing an additional 54 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of Paylocity by 2.4% in the first quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker’s stock worth $490,000 after purchasing an additional 62 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Paylocity by 5.7% in the second quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock worth $218,000 after purchasing an additional 65 shares in the last quarter. Finally, TCTC Holdings LLC raised its position in shares of Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PCTY. Barclays dropped their target price on shares of Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Cowen restated a “buy” rating on shares of Paylocity in a research report on Monday, October 6th. Cantor Fitzgerald raised Paylocity to a “strong-buy” rating in a research note on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Paylocity in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $220.00 price target on Paylocity and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $221.38.

View Our Latest Analysis on PCTY

Paylocity Price Performance

NASDAQ:PCTY opened at $140.81 on Tuesday. The business’s 50-day moving average is $160.75 and its 200 day moving average is $176.86. Paylocity Holding Corporation has a 12 month low of $137.57 and a 12 month high of $223.80. The company has a market capitalization of $7.66 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.72 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13.

Paylocity (NASDAQ:PCTY – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.18. The business had revenue of $400.74 million during the quarter, compared to analysts’ expectations of $388.25 million. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. On average, equities research analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Paylocity Company Profile

(Free Report)

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.

Featured Articles

• Five stocks we like better than Paylocity
• Bank Stocks – Best Bank Stocks to Invest In
• Semiconductor Supercycle: Why Onsemi Stock Could Double as AI and EV Growth Accelerate
• Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
• The Best Local Butchers for Thanksgiving [2025 Survey]
• Stock Splits, Do They Really Impact Investors?
• $134M in Insider Moves: What It Might Mean for KMI, ISRG and QS

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).