Optimize Financial Inc acquired a new position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,343 shares of the software maker's stock, valued at approximately $268,000.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Paylocity by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,029,402 shares of the software maker's stock valued at $803,745,000 after purchasing an additional 46,183 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Paylocity by 31.7% in the 4th quarter. Invesco Ltd. now owns 1,332,213 shares of the software maker's stock valued at $265,737,000 after acquiring an additional 320,319 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 25,182 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Paylocity by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 863,787 shares of the software maker's stock worth $172,300,000 after purchasing an additional 7,251 shares in the last quarter. Finally, FMR LLC raised its position in Paylocity by 138.5% in the fourth quarter. FMR LLC now owns 650,599 shares of the software maker's stock valued at $129,775,000 after purchasing an additional 377,835 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.
Paylocity Stock Up 0.1 %
Shares of NASDAQ PCTY traded up $0.23 during mid-day trading on Friday, reaching $183.98. 260,735 shares of the company's stock traded hands, compared to its average volume of 480,927. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.14 and a quick ratio of 1.14. Paylocity Holding Co. has a 1-year low of $129.94 and a 1-year high of $223.80. The stock has a market cap of $10.28 billion, a P/E ratio of 47.17, a PEG ratio of 4.49 and a beta of 0.76. The business has a 50-day simple moving average of $194.20 and a 200 day simple moving average of $194.49.
Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $0.82 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a return on equity of 22.45% and a net margin of 14.76%. On average, analysts expect that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on PCTY shares. Scotiabank began coverage on shares of Paylocity in a report on Wednesday. They issued a "sector perform" rating and a $190.00 price objective for the company. Piper Sandler reiterated an "overweight" rating and set a $254.00 price target (up previously from $212.00) on shares of Paylocity in a report on Thursday, February 6th. Stifel Nicolaus raised their target price on Paylocity from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Jefferies Financial Group upped their price target on Paylocity from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Barclays lifted their price objective on Paylocity from $214.00 to $231.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Paylocity currently has a consensus rating of "Moderate Buy" and a consensus price target of $229.82.
Get Our Latest Analysis on PCTY
Insider Activity at Paylocity
In other Paylocity news, Director Steven I. Sarowitz sold 26,252 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $194.91, for a total value of $5,116,777.32. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 21.91% of the stock is owned by insiders.
About Paylocity
(
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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