Paylocity Holding Co. (NASDAQ:PCTY) Shares Acquired by Xponance Inc.

Xponance Inc. increased its stake in Paylocity Holding Co. (NASDAQ:PCTY) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,978 shares of the software maker’s stock after acquiring an additional 447 shares during the period. Xponance Inc.’s holdings in Paylocity were worth $1,791,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Paylocity in the fourth quarter worth approximately $29,000. Prospera Private Wealth LLC acquired a new position in Paylocity during the third quarter valued at approximately $39,000. UMB Bank n.a. lifted its position in Paylocity by 41.1% during the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker’s stock valued at $49,000 after buying an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Paylocity by 489.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $54,000 after buying an additional 225 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Paylocity by 29.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 274 shares of the software maker’s stock valued at $55,000 after buying an additional 63 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Paylocity

In other Paylocity news, Director Steven I. Sarowitz sold 2,600 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $200.14, for a total transaction of $520,364.00. Following the completion of the sale, the director now owns 8,332,347 shares in the company, valued at $1,667,635,928.58. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 7,083 shares of company stock worth $1,420,041 over the last 90 days. Insiders own 21.91% of the company’s stock.

Wall Street Analysts Forecast Growth

PCTY has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Paylocity from $220.00 to $250.00 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. Stifel Nicolaus lifted their price target on shares of Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group boosted their target price on shares of Paylocity from $211.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, KeyCorp boosted their target price on shares of Paylocity from $220.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.25.

Paylocity Stock Up 0.6 %

Shares of NASDAQ:PCTY opened at $191.91 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $201.44 and a 200 day simple moving average of $191.24. The firm has a market cap of $10.73 billion, a PE ratio of 49.21, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94. Paylocity Holding Co. has a 12-month low of $129.94 and a 12-month high of $223.80.

Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share 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%. On average, equities research analysts anticipate that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.

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.