Entropy Technologies LP Acquires 3,069 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Entropy Technologies LP boosted its position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 249.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,300 shares of the software maker's stock after acquiring an additional 3,069 shares during the period. Entropy Technologies LP's holdings in Paylocity were worth $858,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Paylocity by 16,397.9% during the third quarter. International Assets Investment Management LLC now owns 7,754 shares of the software maker's stock valued at $1,279,000 after purchasing an additional 7,707 shares during the last quarter. Edgestream Partners L.P. lifted its position in Paylocity by 222.3% during the third quarter. Edgestream Partners L.P. now owns 10,837 shares of the software maker's stock valued at $1,788,000 after purchasing an additional 7,475 shares during the last quarter. Barclays PLC lifted its position in Paylocity by 14.3% during the third quarter. Barclays PLC now owns 44,897 shares of the software maker's stock valued at $7,407,000 after purchasing an additional 5,609 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Paylocity by 5,742.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,842 shares of the software maker's stock valued at $1,165,000 after purchasing an additional 5,742 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Paylocity by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 282,426 shares of the software maker's stock valued at $46,592,000 after purchasing an additional 4,697 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Paylocity

In other news, CAO Nicholas Rost sold 212 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total value of $40,977.48. Following the sale, the chief accounting officer now directly owns 7,364 shares of the company's stock, valued at $1,423,387.56. This represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven I. Sarowitz sold 2,600 shares of the 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 sale, the director now directly owns 8,332,347 shares in the company, valued at $1,667,635,928.58. This trade represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,434 shares of company stock valued at $25,636,985. 21.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Paylocity from $211.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Raymond James restated an "outperform" rating and issued a $265.00 price objective (up from $215.00) on shares of Paylocity in a report on Friday, February 7th. Mizuho upgraded shares of Paylocity from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $200.00 to $235.00 in a report on Friday, January 31st. BMO Capital Markets boosted their price objective on shares of Paylocity from $175.00 to $203.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price objective 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 equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $233.25.

Paylocity Trading Down 0.3 %

Paylocity stock traded down $0.60 during mid-day trading on Friday, reaching $216.96. 450,553 shares of the company traded hands, compared to its average volume of 518,184. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The firm's 50 day moving average price is $201.94 and its 200 day moving average price is $183.76. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 55.63, a P/E/G ratio of 5.19 and a beta of 0.95. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.60). Paylocity had a net margin of 14.76% and a return on equity of 22.93%. On average, analysts anticipate that Paylocity Holding Co. will post 4.46 earnings per share 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.