Trillium Asset Management LLC Has $19.89 Million Stake in Paylocity Holding Co. (NASDAQ:PCTY)

Trillium Asset Management LLC boosted its holdings in Paylocity Holding Co. (NASDAQ:PCTY) by 194.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,706 shares of the software maker’s stock after purchasing an additional 65,869 shares during the quarter. Trillium Asset Management LLC’s holdings in Paylocity were worth $19,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in Paylocity by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock worth $173,053,000 after purchasing an additional 36,590 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Paylocity by 81.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock worth $141,303,000 after purchasing an additional 385,625 shares in the last quarter. Janus Henderson Group PLC raised its stake in Paylocity by 3.5% in the 3rd quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker’s stock worth $85,444,000 after purchasing an additional 17,560 shares in the last quarter. GW&K Investment Management LLC raised its stake in Paylocity by 0.6% in the 4th quarter. GW&K Investment Management LLC now owns 381,010 shares of the software maker’s stock worth $76,000,000 after purchasing an additional 2,193 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Paylocity by 283.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker’s stock worth $51,101,000 after purchasing an additional 229,057 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Trading Down 0.2 %

PCTY opened at $189.96 on Wednesday. Paylocity Holding Co. has a fifty-two week low of $129.94 and a fifty-two week high of $223.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 4.49 and a beta of 0.94. The company’s 50 day moving average price is $201.57 and its two-hundred day moving average price is $190.83.

Paylocity (NASDAQ:PCTY) last posted its earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Paylocity Holding Co. will post 4.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Steven I. Sarowitz sold 2,600 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $200.14, for a total value of $520,364.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 7,083 shares of company stock valued at $1,420,041 in the last ninety days. 21.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on PCTY shares. TD Cowen dropped their price objective on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group boosted their target price on shares of Paylocity from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. StockNews.com cut shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Mizuho upgraded shares of Paylocity from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $200.00 to $235.00 in a research report on Friday, January 31st. Finally, UBS Group boosted their target price on shares of Paylocity from $211.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $233.25.

About Paylocity

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.