Paylocity Holding Co. (NASDAQ:PCTY) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,306 shares of the software maker's stock after purchasing an additional 8,409 shares during the quarter. Barclays PLC owned 0.10% of Paylocity worth $10,632,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised 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. Invesco Ltd. raised its position in Paylocity by 31.7% during the fourth quarter. Invesco Ltd. now owns 1,332,213 shares of the software maker's stock worth $265,737,000 after acquiring an additional 320,319 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Paylocity by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,073,988 shares of the software maker's stock valued at $214,275,000 after purchasing an additional 25,182 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Paylocity by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 863,787 shares of the software maker's stock valued at $172,300,000 after purchasing an additional 7,251 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Paylocity by 138.5% during the 4th quarter. FMR LLC now owns 650,599 shares of the software maker's stock worth $129,775,000 after purchasing an additional 377,835 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Paylocity

In other news, Director Steven I. Sarowitz sold 23,243 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $191.00, for a total value of $4,439,413.00. Following the transaction, the director now owns 470,452 shares of the company's stock, valued at approximately $89,856,332. This trade represents a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 21.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Raymond James reaffirmed an "outperform" rating and issued a $265.00 target price (up previously from $215.00) on shares of Paylocity in a research note on Friday, February 7th. KeyCorp decreased their price objective on Paylocity from $250.00 to $220.00 and set an "overweight" rating on the stock in a research note on Tuesday. Stifel Nicolaus lifted their price objective on Paylocity from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. UBS Group upped their target price on shares of Paylocity from $211.00 to $220.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, Needham & Company LLC lifted their price target on shares of Paylocity from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $226.47.

Paylocity Trading Up 1.9 %

PCTY stock opened at $182.99 on Wednesday. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $223.80. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 46.92, a PEG ratio of 4.49 and a beta of 0.76. 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 business has a fifty day simple moving average of $192.32 and a 200-day simple moving average of $195.00.

Paylocity (NASDAQ:PCTY - Get Free Report) last released its quarterly earnings data 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, equities research analysts expect that Paylocity Holding Co. will post 4.36 EPS 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.

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