Public Employees Retirement System of Ohio bought a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,491 shares of the software maker’s stock, valued at approximately $1,306,000.
Other institutional investors and hedge funds have also modified their holdings of the company. State of Michigan Retirement System raised its holdings in shares of Paylocity by 1.0% during the first quarter. State of Michigan Retirement System now owns 10,472 shares of the software maker’s stock worth $1,131,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Paylocity by 3.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,419 shares of the software maker’s stock worth $521,000 after purchasing an additional 106 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Paylocity by 35.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 428 shares of the software maker’s stock worth $77,000 after purchasing an additional 111 shares during the last quarter. State of Wyoming raised its stake in shares of Paylocity by 16.0% during the 1st quarter. State of Wyoming now owns 861 shares of the software maker’s stock worth $93,000 after purchasing an additional 119 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Paylocity by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 7,382 shares of the software maker’s stock worth $1,126,000 after purchasing an additional 122 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Paylocity
In other Paylocity news, Director Steven I. Sarowitz sold 19,459 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $157.78, for a total transaction of $3,070,241.02. Following the completion of the sale, the director directly owned 4,453,495 shares in the company, valued at $702,672,441.10. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Andrew Cappotelli sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $149.83, for a total value of $382,066.50. Following the completion of the sale, the senior vice president directly owned 44,329 shares in the company, valued at approximately $6,641,814.07. This represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 54,145 shares of company stock worth $8,312,067. Corporate insiders own 19.40% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on Paylocity
Paylocity Stock Down 5.7%
Shares of Paylocity stock opened at $143.53 on Wednesday. Paylocity Holding Corporation has a 12-month low of $92.99 and a 12-month high of $173.62. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $138.36 and a two-hundred day moving average price of $118.48. The stock has a market capitalization of $7.62 billion, a P/E ratio of 29.00 and a beta of 0.45.
Paylocity (NASDAQ:PCTY – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The company had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. During the same quarter last year, the firm posted $1.56 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts expect that Paylocity Holding Corporation will post 6.92 earnings per share for the current year.
Paylocity Profile
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.
In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.
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