1,164 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Bought by Certuity LLC

Certuity LLC bought a new position in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,164 shares of the software maker's stock, valued at approximately $232,000.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of Paylocity during the 2nd quarter worth approximately $194,000. Creative Planning bought a new stake in Paylocity in the third quarter worth $267,000. NBC Securities Inc. purchased a new stake in Paylocity during the third quarter valued at $290,000. Aaron Wealth Advisors LLC bought a new position in Paylocity during the third quarter valued at $278,000. Finally, Blue Trust Inc. lifted its position in Paylocity by 1,832.4% during the third quarter. Blue Trust Inc. now owns 657 shares of the software maker's stock valued at $108,000 after purchasing an additional 623 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PCTY. Stifel Nicolaus upped their target price 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. TD Cowen reduced their price objective on Paylocity from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $254.00 price objective (up from $212.00) on shares of Paylocity in a research note on Thursday, February 6th. Jefferies Financial Group lifted their target price on Paylocity from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Needham & Company LLC increased their price target on Paylocity from $220.00 to $250.00 and gave the company a "buy" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.25.

Paylocity Trading Down 0.3 %

PCTY stock traded down $0.60 during trading on Monday, hitting $216.96. The company had a trading volume of 450,553 shares, compared to its average volume of 518,184. The firm has a market capitalization of $12.10 billion, a P/E ratio of 55.63, a PEG ratio of 5.19 and a beta of 0.95. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80. The company has a 50 day simple moving average of $202.21 and a 200-day simple moving average of $184.48.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly 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 22.93%. As a group, research analysts forecast that Paylocity Holding Co. will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Nicholas Rost sold 212 shares of Paylocity stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total transaction of $40,977.48. Following the transaction, the chief accounting officer now directly owns 7,364 shares of the company's stock, valued at $1,423,387.56. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Andrew Cappotelli sold 247 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $47,742.63. Following the sale, the senior vice president now owns 14,634 shares of the company's stock, valued at approximately $2,828,605.86. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,208 shares of company stock worth $23,237,144. 21.91% of the stock is currently owned by company insiders.

Paylocity Company 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.