15,323 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in Paylocity Holding Co. (NASDAQ:PCTY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,323 shares of the software maker’s stock, valued at approximately $3,056,000.

A number of other large investors have also added to or reduced their stakes in PCTY. Prospera Private Wealth LLC acquired a new stake in shares of Paylocity in the 3rd quarter valued at about $39,000. UMB Bank n.a. increased its holdings in Paylocity by 41.1% in 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 during the last quarter. Signaturefd LLC raised its stake in Paylocity by 121.0% during the third quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock valued at $50,000 after buying an additional 167 shares in the last quarter. Quarry LP lifted its holdings in Paylocity by 149.2% during the 3rd quarter. Quarry LP now owns 309 shares of the software maker’s stock worth $51,000 after buying an additional 185 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Paylocity by 43.3% in the 4th quarter. GAMMA Investing LLC now owns 384 shares of the software maker’s stock worth $77,000 after acquiring an additional 116 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Paylocity Price Performance

Shares of PCTY opened at $206.42 on Friday. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 52.93, a price-to-earnings-growth ratio of 4.73 and a beta of 0.95. The stock’s fifty day moving average is $202.73 and its 200-day moving average is $185.25. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $223.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 1.14.

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

Insiders Place Their Bets

In other news, Director Steven I. Sarowitz sold 2,600 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 8,332,347 shares in the company, valued at approximately $1,667,635,928.58. This trade represents a 0.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey T. Diehl sold 4,513 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $209.91, for a total transaction of $947,323.83. Following the completion of the sale, the director now owns 1,003 shares in the company, valued at $210,539.73. The trade was a 81.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,999 shares of company stock worth $17,822,987 over the last ninety days. Company insiders own 21.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets upped their price target on Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Citigroup raised shares of Paylocity from a “neutral” rating to a “buy” rating and increased their target price for the stock from $214.00 to $231.00 in a report on Thursday, January 16th. 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 report on Friday, February 7th. Barclays boosted their price objective on shares of Paylocity from $214.00 to $231.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised their target price on shares of Paylocity from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Paylocity presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.25.

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.