9,622 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,622 shares of the software maker's stock, valued at approximately $1,919,000.

Several other hedge funds have also added to or reduced their stakes in PCTY. Vanguard Group Inc. lifted its stake in shares of Paylocity by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,029,402 shares of the software maker's stock worth $803,745,000 after buying an additional 46,183 shares during the last quarter. Geode Capital Management LLC raised its holdings in Paylocity by 3.6% in 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 acquiring an additional 36,590 shares during the period. JPMorgan Chase & Co. lifted its position in Paylocity by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 863,787 shares of the software maker's stock worth $172,300,000 after acquiring an additional 7,251 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Paylocity by 3.5% during the third quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker's stock worth $85,444,000 after acquiring an additional 17,560 shares during the period. Finally, GW&K Investment Management LLC grew its position in shares of Paylocity by 0.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

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Paylocity Stock Up 0.3 %

NASDAQ:PCTY traded up $0.48 on Wednesday, hitting $190.31. The stock had a trading volume of 391,346 shares, compared to its average volume of 475,463. The company has a market cap of $10.64 billion, a PE ratio of 48.80, a P/E/G ratio of 4.49 and a beta of 0.76. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $223.80. The business's fifty day moving average is $200.85 and its 200 day moving average is $193.17. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28.

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%. On average, equities research analysts expect that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven I. Sarowitz sold 23,243 shares of Paylocity stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $191.00, for a total transaction of $4,439,413.00. Following the transaction, the director now owns 470,452 shares of the company's stock, valued at $89,856,332. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 21.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PCTY. StockNews.com cut Paylocity from a "buy" rating to a "hold" rating in a report on Monday, February 10th. TD Cowen reduced their target price on shares of Paylocity from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Citigroup raised shares of Paylocity from a "neutral" rating to a "buy" rating and raised their price target for the stock from $214.00 to $231.00 in a research report on Thursday, January 16th. KeyCorp boosted their price objective on shares of Paylocity from $220.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Stifel Nicolaus raised their target price on shares of Paylocity from $220.00 to $250.00 and gave the stock 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $233.25.

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.