Anomaly Capital Management LP bought a new stake in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 95,780 shares of the software maker's stock, valued at approximately $19,105,000. Anomaly Capital Management LP owned 0.17% of Paylocity as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Paylocity in the fourth quarter valued at $29,000. UMB Bank n.a. grew its stake in Paylocity by 41.1% in the 4th 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. EverSource Wealth Advisors LLC raised its holdings in Paylocity by 489.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker's stock valued at $54,000 after acquiring an additional 225 shares during the period. 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 worth $55,000 after acquiring an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Paylocity by 43.3% in the fourth quarter. GAMMA Investing LLC now owns 384 shares of the software maker's stock valued at $77,000 after purchasing an additional 116 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Steven I. Sarowitz sold 23,243 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $191.00, for a total value of $4,439,413.00. Following the sale, the director now directly owns 470,452 shares in the company, valued at $89,856,332. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 21.91% of the stock is currently owned by insiders.
Paylocity Price Performance
NASDAQ:PCTY traded up $2.60 on Friday, hitting $191.11. The company had a trading volume of 342,888 shares, compared to its average volume of 479,740. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $223.80. 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 stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 4.49 and a beta of 0.76. The firm has a 50 day moving average of $191.10 and a two-hundred day moving average of $195.08.
Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts anticipate that Paylocity Holding Co. will post 4.36 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on PCTY. Raymond James reissued an "outperform" rating and set a $265.00 price target (up from $215.00) on shares of Paylocity in a report on Friday, February 7th. TD Cowen dropped their target price on Paylocity from $235.00 to $228.00 and set a "buy" rating for the company in a report on Monday, January 6th. Citigroup upgraded shares of Paylocity from a "neutral" rating to a "buy" rating and upped their price target for the company from $214.00 to $231.00 in a research note on Thursday, January 16th. Needham & Company LLC lifted their price objective on shares of Paylocity from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $254.00 price objective (up previously from $212.00) on shares of Paylocity in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Paylocity presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.47.
Check Out Our Latest Stock Report on Paylocity
Paylocity Company Profile
(
Free Report)
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.
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