Capital Fund Management S.A. lifted its stake in Paylocity Holding Corp (NASDAQ:PCTY) by 38.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,100 shares of the software maker’s stock after buying an additional 2,800 shares during the period. Capital Fund Management S.A.’s holdings in Paylocity were worth $476,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of PCTY. Ameritas Investment Partners Inc. raised its holdings in shares of Paylocity by 22.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock worth $103,000 after buying an additional 421 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Paylocity during the 3rd quarter valued at $211,000. Fortaleza Asset Management Inc. acquired a new stake in Paylocity during the 4th quarter valued at $255,000. Jane Street Group LLC acquired a new stake in Paylocity during the 3rd quarter valued at $260,000. Finally, Prudential Financial Inc. acquired a new stake in Paylocity during the 3rd quarter valued at $267,000. 60.39% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Paylocity from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Paylocity in a report on Friday, February 9th. BidaskClub cut Paylocity from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. SunTrust Banks reaffirmed a “hold” rating and set a $47.00 price target on shares of Paylocity in a report on Friday, November 3rd. Finally, Robert W. Baird raised their price target on Paylocity from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.92.
In other news, Director Steven I. Sarowitz sold 63,540 shares of Paylocity stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $45.17, for a total value of $2,870,101.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward W. Gaty sold 5,062 shares of Paylocity stock in a transaction on Friday, December 1st. The shares were sold at an average price of $45.82, for a total value of $231,940.84. Following the completion of the sale, the senior vice president now directly owns 116,135 shares of the company’s stock, valued at $5,321,305.70. The disclosure for this sale can be found here. Insiders sold a total of 212,244 shares of company stock valued at $9,870,101 over the last three months. Insiders own 48.80% of the company’s stock.
Shares of Paylocity Holding Corp (NASDAQ PCTY) opened at $46.22 on Friday. The company has a market capitalization of $2,426.08, a price-to-earnings ratio of 177.38, a PEG ratio of 6.94 and a beta of 2.09. Paylocity Holding Corp has a 52 week low of $34.13 and a 52 week high of $53.96.
Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, February 8th. The software maker reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $85.03 million. Paylocity had a return on equity of 8.93% and a net margin of 3.57%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. equities research analysts anticipate that Paylocity Holding Corp will post 0.3 EPS for the current year.
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Paylocity Company Profile
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company’s services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture.
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