B. Metzler seel. Sohn & Co. AG Sells 3,416 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

B. Metzler seel. Sohn & Co. AG lowered its stake in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,539 shares of the software maker's stock after selling 3,416 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Paylocity were worth $2,900,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Paylocity by 0.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,603 shares of the software maker's stock valued at $1,916,000 after purchasing an additional 49 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Paylocity by 29.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 274 shares of the software maker's stock worth $55,000 after purchasing an additional 63 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Paylocity by 41.1% in the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker's stock valued at $49,000 after acquiring an additional 72 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Paylocity by 2.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,156 shares of the software maker's stock worth $630,000 after acquiring an additional 77 shares during the last quarter. Finally, Gallacher Capital Management LLC increased its position in Paylocity by 4.6% during the fourth quarter. Gallacher Capital Management LLC now owns 1,989 shares of the software maker's stock worth $397,000 after acquiring an additional 88 shares during the period. 94.76% of the stock is owned by institutional investors.

Paylocity Trading Down 4.3 %

Shares of PCTY traded down $7.88 on Friday, reaching $174.88. 534,611 shares of the company's stock were exchanged, compared to its average volume of 478,013. The business has a 50 day moving average price of $199.66 and a two-hundred day moving average price of $193.42. The stock has a market capitalization of $9.77 billion, a P/E ratio of 44.84, a price-to-earnings-growth ratio of 4.49 and a beta of 0.76. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $223.80. 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 (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $0.82 earnings per share (EPS) 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%. Research analysts anticipate that Paylocity Holding Co. will post 4.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Raymond James restated an "outperform" rating and issued a $265.00 price target (up from $215.00) on shares of Paylocity in a research report on Friday, February 7th. Citigroup upgraded Paylocity from a "neutral" rating to a "buy" rating and boosted their price target for the company from $214.00 to $231.00 in a research note on Thursday, January 16th. TD Cowen decreased their price objective on Paylocity from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Needham & Company LLC upped their target price on Paylocity from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Barclays lifted their price target on shares of Paylocity from $214.00 to $231.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $233.25.

Insiders Place Their Bets

In related news, Director Steven I. Sarowitz sold 26,252 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $194.91, for a total value of $5,116,777.32. Following the sale, the director now directly owns 420,000 shares of the company's stock, valued at approximately $81,862,200. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.91% of the company's stock.

About Paylocity

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.