Paylocity Holding Co. (NASDAQ:PCTY) Shares Acquired by Leelyn Smith LLC

Leelyn Smith LLC lifted its stake in Paylocity Holding Co. (NASDAQ:PCTY) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,396 shares of the software maker’s stock after purchasing an additional 815 shares during the period. Leelyn Smith LLC’s holdings in Paylocity were worth $1,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Paylocity by 81.9% in the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock valued at $141,303,000 after acquiring an additional 385,625 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Paylocity by 283.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker’s stock valued at $51,101,000 after purchasing an additional 229,057 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Paylocity by 297.6% in the 3rd quarter. Victory Capital Management Inc. now owns 119,560 shares of the software maker’s stock valued at $19,724,000 after purchasing an additional 89,487 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Paylocity by 113.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 96,406 shares of the software maker’s stock worth $15,904,000 after purchasing an additional 51,276 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Paylocity by 19.3% during the third quarter. FMR LLC now owns 272,764 shares of the software maker’s stock worth $44,998,000 after purchasing an additional 44,118 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paylocity

In other news, Director Steven I. Sarowitz sold 2,600 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $200.14, for a total transaction of $520,364.00. Following the completion of the transaction, the director now directly owns 8,332,347 shares of the company’s stock, valued at approximately $1,667,635,928.58. This represents a 0.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 7,083 shares of company stock worth $1,420,041. Company insiders own 21.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PCTY shares. TD Cowen cut their price target on Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Needham & Company LLC boosted their target price on Paylocity from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Raymond James reiterated an “outperform” rating and issued a $265.00 price target (up from $215.00) on shares of Paylocity in a research note on Friday, February 7th. StockNews.com downgraded shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, KeyCorp increased their target price on shares of Paylocity from $220.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.25.

Paylocity Stock Performance

Shares of PCTY stock opened at $190.26 on Tuesday. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80. The stock’s 50-day moving average price is $201.71 and its 200 day moving average price is $190.63. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $10.63 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $0.82 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a return on equity of 22.45% and a net margin of 14.76%. As a group, equities research analysts forecast that Paylocity Holding Co. will post 4.36 EPS for the current year.

Paylocity Profile

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.