Paylocity Holding Co. (NASDAQ:PCTY) Shares Sold by Walleye Trading LLC

Walleye Trading LLC trimmed its stake in shares of Paylocity Holding Co. (NASDAQ:PCTYFree Report) by 44.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,683 shares of the software maker’s stock after selling 2,917 shares during the quarter. Walleye Trading LLC’s holdings in Paylocity were worth $735,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Paylocity by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,029,402 shares of the software maker’s stock worth $803,745,000 after purchasing an additional 46,183 shares during the last quarter. Invesco Ltd. lifted its position in shares of Paylocity by 31.7% in the fourth quarter. Invesco Ltd. now owns 1,332,213 shares of the software maker’s stock valued at $265,737,000 after acquiring an additional 320,319 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Paylocity by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,073,988 shares of the software maker’s stock worth $214,275,000 after acquiring an additional 25,182 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Paylocity by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 863,787 shares of the software maker’s stock worth $172,300,000 after purchasing an additional 7,251 shares in the last quarter. Finally, FMR LLC raised its stake in Paylocity by 138.5% in the 4th quarter. FMR LLC now owns 650,599 shares of the software maker’s stock valued at $129,775,000 after purchasing an additional 377,835 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

PCTY has been the subject of a number of research reports. Citigroup raised shares of Paylocity from a “neutral” rating to a “buy” rating and upped their target price for the stock from $214.00 to $231.00 in a report on Thursday, January 16th. StockNews.com cut shares of Paylocity from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Scotiabank assumed coverage on shares of Paylocity in a research note on Wednesday. They issued a “sector perform” rating and a $190.00 target price on the stock. Stifel Nicolaus increased their price target on Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Needham & Company LLC lifted their target price on shares of Paylocity from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Paylocity has a consensus rating of “Moderate Buy” and a consensus price target of $229.82.

Read Our Latest Stock Analysis on PCTY

Insider Activity

In other Paylocity news, Director Steven I. Sarowitz sold 23,243 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $191.00, for a total value of $4,439,413.00. Following the sale, the director now directly owns 470,452 shares in the company, valued at $89,856,332. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.91% of the company’s stock.

Paylocity Stock Up 0.1 %

Shares of NASDAQ PCTY opened at $183.98 on Friday. The stock has a market cap of $10.28 billion, a P/E ratio of 47.17, a PEG ratio of 4.49 and a beta of 0.76. The business’s fifty day simple moving average is $193.70 and its 200-day simple moving average is $194.82. Paylocity Holding Co. has a 12-month low of $129.94 and a 12-month high of $223.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.28.

Paylocity (NASDAQ:PCTYGet Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a net margin of 14.76% and a return on equity of 22.45%. As a group, equities analysts predict that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.

About Paylocity

(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.

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Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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