Legal & General Group Plc trimmed its position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 12.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 70,231 shares of the software maker's stock after selling 10,070 shares during the quarter. Legal & General Group Plc owned about 0.13% of Paylocity worth $14,009,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Paylocity by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,029,402 shares of the software maker's stock valued at $803,745,000 after acquiring an additional 46,183 shares during the period. Invesco Ltd. grew its position in Paylocity by 31.7% in the 4th quarter. Invesco Ltd. now owns 1,332,213 shares of the software maker's stock worth $265,737,000 after purchasing an additional 320,319 shares during the period. Geode Capital Management LLC raised its stake in Paylocity by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,073,988 shares of the software maker's stock valued at $214,275,000 after buying an additional 25,182 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Paylocity by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 863,787 shares of the software maker's stock valued at $172,300,000 after buying an additional 7,251 shares during the period. Finally, FMR LLC boosted its stake in shares of Paylocity by 138.5% in the 4th quarter. FMR LLC now owns 650,599 shares of the software maker's stock worth $129,775,000 after buying an additional 377,835 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.
Paylocity Trading Up 0.1 %
Shares of NASDAQ:PCTY traded up $0.23 during trading on Friday, reaching $183.98. The company's stock had a trading volume of 260,735 shares, compared to its average volume of 481,072. The firm's 50 day simple moving average is $194.20 and its two-hundred day simple moving average is $194.49. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.28. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $223.80. The stock has a market capitalization of $10.28 billion, a PE ratio of 47.17, a price-to-earnings-growth ratio of 4.49 and a beta of 0.76.
Paylocity (NASDAQ:PCTY - Get Free Report) 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%. On average, research analysts predict that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.
Analysts Set New Price Targets
PCTY has been the topic of a number of recent research reports. UBS Group increased their target price on Paylocity from $211.00 to $220.00 and gave the company a "neutral" rating in a report on Friday, February 7th. JMP Securities upped their target price on shares of Paylocity from $250.00 to $270.00 and gave the company a "market outperform" rating in a report on Friday, February 7th. KeyCorp lifted their price target on shares of Paylocity from $220.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Jefferies Financial Group lifted their target price on Paylocity from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Piper Sandler restated an "overweight" rating and issued a $254.00 price target (up previously from $212.00) on shares of Paylocity in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $229.82.
Get Our Latest Stock Report on PCTY
Insider Buying and Selling
In other news, Director Steven I. Sarowitz sold 26,252 shares of Paylocity stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $194.91, for a total transaction of $5,116,777.32. Following the completion of the sale, the director now owns 420,000 shares of the company's stock, valued at approximately $81,862,200. The trade was a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 21.91% of the stock is owned by corporate insiders.
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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