Teachers Advisors LLC lifted its stake in Paylocity Holding (NASDAQ:PCTY) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,646 shares of the software maker’s stock after acquiring an additional 1,962 shares during the period. Teachers Advisors LLC owned 0.09% of Paylocity worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of PCTY. GSA Capital Partners LLP acquired a new stake in Paylocity during the third quarter valued at approximately $211,000. Jane Street Group LLC acquired a new stake in Paylocity during the third quarter valued at approximately $260,000. Fortaleza Asset Management Inc. acquired a new stake in Paylocity during the fourth quarter valued at approximately $255,000. Cubist Systematic Strategies LLC acquired a new stake in Paylocity during the third quarter valued at approximately $289,000. Finally, Quadrature Capital Ltd acquired a new stake in Paylocity during the fourth quarter valued at approximately $342,000. 62.61% of the stock is owned by institutional investors.
Several analysts recently commented on PCTY shares. SunTrust Banks raised shares of Paylocity from a “hold” rating to a “buy” rating and cut their target price for the company from $52.72 to $45.00 in a research note on Monday, March 12th. Zacks Investment Research lowered shares of Paylocity from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Dougherty & Co started coverage on shares of Paylocity in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. BidaskClub lowered shares of Paylocity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 3rd. Finally, First Analysis increased their target price on shares of Paylocity from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $54.57.
Shares of NASDAQ:PCTY opened at $54.05 on Monday. The company has a market capitalization of $2,876.37, a P/E ratio of 360.33, a PEG ratio of 8.22 and a beta of 2.00. Paylocity Holding has a 52 week low of $37.91 and a 52 week high of $57.16.
Paylocity (NASDAQ:PCTY) last issued its quarterly 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 business had revenue of $86.00 million during the quarter, compared to the consensus estimate of $85.03 million. Paylocity had a net margin of 3.57% and a return on equity of 8.93%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. research analysts forecast that Paylocity Holding will post 0.3 earnings per share for the current year.
In related news, SVP Edward W. Gaty sold 6,747 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $46.33, for a total value of $312,588.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven R. Beauchamp sold 10,042 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.09, for a total transaction of $503,003.78. Following the completion of the sale, the chief executive officer now owns 2,180,425 shares of the company’s stock, valued at approximately $109,217,488.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 290,927 shares of company stock valued at $13,750,422. 48.80% of the stock is owned by insiders.
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Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.
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