Natixis Advisors LLC Invests $2.19 Million in Paylocity Holding Co. (NASDAQ:PCTY)

Natixis Advisors LLC acquired a new stake in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,964 shares of the software maker's stock, valued at approximately $2,187,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in PCTY. Geode Capital Management LLC boosted its position in Paylocity by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker's stock valued at $173,053,000 after buying an additional 36,590 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Paylocity by 81.9% during the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker's stock worth $141,303,000 after purchasing an additional 385,625 shares during the period. Janus Henderson Group PLC grew its stake in shares of Paylocity by 3.5% in the third quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker's stock worth $85,444,000 after purchasing an additional 17,560 shares during the last quarter. GW&K Investment Management LLC increased its holdings in Paylocity by 0.6% during the 4th quarter. GW&K Investment Management LLC now owns 381,010 shares of the software maker's stock valued at $76,000,000 after purchasing an additional 2,193 shares during the period. Finally, Point72 Asset Management L.P. raised its position in Paylocity by 283.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker's stock valued at $51,101,000 after purchasing an additional 229,057 shares during the last quarter. Institutional investors own 94.76% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Paylocity from $214.00 to $231.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. JMP Securities lifted their price target 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. StockNews.com lowered shares of Paylocity from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Jefferies Financial Group lifted their target price on shares of Paylocity from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Needham & Company LLC increased their price target 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $233.25.

Insider Buying and Selling

In other Paylocity news, Director Steven I. Sarowitz sold 23,243 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 470,452 shares of the company's stock, valued at approximately $89,856,332. The trade was a 4.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 52,095 shares of company stock worth $10,076,554 in the last three months. Insiders own 21.91% of the company's stock.

Paylocity Stock Down 1.5 %

Shares of NASDAQ:PCTY traded down $2.99 on Thursday, hitting $191.13. 411,099 shares of the company traded hands, compared to its average volume of 466,250. The stock has a 50 day simple moving average of $201.57 and a 200-day simple moving average of $192.05. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28. The company has a market cap of $10.68 billion, a PE ratio of 49.01, a PEG ratio of 4.49 and a beta of 0.94. 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 released 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 net margin of 14.76% and a return on equity of 22.45%. As a group, research analysts expect that Paylocity Holding Co. will post 4.36 earnings per share for the current year.

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.