Stanley Laman Group Ltd. Has $5.78 Million Stock Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Stanley Laman Group Ltd. trimmed its holdings in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,953 shares of the software maker's stock after selling 2,717 shares during the period. Paylocity accounts for approximately 0.8% of Stanley Laman Group Ltd.'s holdings, making the stock its 25th largest position. Stanley Laman Group Ltd. owned about 0.05% of Paylocity worth $5,775,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Paylocity by 1,650.0% in the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker's stock valued at $29,000 after buying an additional 165 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Paylocity in the 3rd quarter worth about $39,000. Signaturefd LLC lifted its holdings in Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker's stock valued at $50,000 after purchasing an additional 167 shares during the last quarter. Quarry LP boosted its position in Paylocity by 149.2% in the third quarter. Quarry LP now owns 309 shares of the software maker's stock valued at $51,000 after buying an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Paylocity by 43.3% during the fourth quarter. GAMMA Investing LLC now owns 384 shares of the software maker's stock worth $77,000 after buying an additional 116 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on PCTY shares. Barclays raised their price target on Paylocity from $214.00 to $231.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. StockNews.com cut shares of Paylocity from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Needham & Company LLC increased their price target on shares of Paylocity from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, February 7th. KeyCorp boosted their price objective on shares of Paylocity from $220.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus increased their price objective on Paylocity from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $233.25.

Insider Buying and Selling

In other Paylocity news, CAO Nicholas Rost sold 212 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total transaction of $40,977.48. Following the completion of the transaction, the chief accounting officer now owns 7,364 shares of the company's stock, valued at $1,423,387.56. This represents a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Andrew Cappotelli sold 247 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total transaction of $47,742.63. Following the sale, the senior vice president now directly owns 14,634 shares in the company, valued at $2,828,605.86. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,208 shares of company stock valued at $23,237,144. Company insiders own 21.91% of the company's stock.

Paylocity Trading Down 0.3 %

Shares of Paylocity stock traded down $0.60 during trading hours on Monday, hitting $216.96. The company's stock had a trading volume of 450,553 shares, compared to its average volume of 518,184. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $223.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $12.10 billion, a PE ratio of 55.63, a price-to-earnings-growth ratio of 5.19 and a beta of 0.95. The stock has a 50 day moving average of $201.94 and a 200 day moving average of $184.00.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced its earnings results 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 22.93% and a net margin of 14.76%. Analysts predict that Paylocity Holding Co. will post 4.46 earnings per share for the current year.

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.