Paylocity (NASDAQ:PCTY - Free Report) had its target price lowered by Barclays from $231.00 to $204.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the software maker's stock.
Other analysts have also issued research reports about the company. KeyCorp lifted their price objective on Paylocity from $220.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Stifel Nicolaus upped their price target on shares of Paylocity from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, February 7th. UBS Group raised their price objective on shares of Paylocity from $211.00 to $220.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Needham & Company LLC boosted their target price on shares of Paylocity from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, TD Cowen decreased their price target on shares of Paylocity from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $226.47.
Read Our Latest Report on Paylocity
Paylocity Stock Down 0.7 %
PCTY traded down $1.35 during trading on Monday, hitting $187.17. 20,141 shares of the company's stock traded hands, compared to its average volume of 478,026. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 4.49 and a beta of 0.76. The company's 50 day simple moving average is $191.10 and its two-hundred day simple moving average is $195.08. Paylocity 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 released 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%. Analysts predict that Paylocity will post 4.36 earnings per share for the current fiscal year.
Insider Buying and Selling at Paylocity
In other Paylocity news, Director Steven I. Sarowitz sold 26,252 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $194.91, for a total transaction of $5,116,777.32. Following the completion of the transaction, the director now owns 420,000 shares in the company, valued at $81,862,200. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 21.91% of the company's stock.
Institutional Investors Weigh In On Paylocity
Several large investors have recently bought and sold shares of the business. Certuity LLC purchased a new stake in shares of Paylocity during the 4th quarter valued at about $232,000. Barclays PLC lifted its stake in shares of Paylocity by 14.3% in the 3rd quarter. Barclays PLC now owns 44,897 shares of the software maker's stock valued at $7,407,000 after purchasing an additional 5,609 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Paylocity by 5,742.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,842 shares of the software maker's stock valued at $1,165,000 after purchasing an additional 5,742 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Paylocity in the fourth quarter worth $29,000. Finally, Park Avenue Securities LLC boosted its stake in Paylocity by 63.3% during the fourth quarter. Park Avenue Securities LLC now owns 5,590 shares of the software maker's stock worth $1,115,000 after buying an additional 2,167 shares during the period. Institutional investors own 94.76% of the company's stock.
About Paylocity
(
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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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