Trillium Asset Management LLC grew its position in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 194.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,706 shares of the software maker's stock after buying an additional 65,869 shares during the period. Trillium Asset Management LLC owned 0.18% of Paylocity worth $19,888,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Xponance Inc. boosted its stake in Paylocity by 5.2% in the 4th quarter. Xponance Inc. now owns 8,978 shares of the software maker's stock worth $1,791,000 after purchasing an additional 447 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Paylocity by 124.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,874 shares of the software maker's stock worth $4,563,000 after purchasing an additional 12,691 shares in the last quarter. Leelyn Smith LLC boosted its stake in Paylocity by 9.5% in the 4th quarter. Leelyn Smith LLC now owns 9,396 shares of the software maker's stock worth $1,874,000 after purchasing an additional 815 shares in the last quarter. Polen Capital Management LLC boosted its stake in Paylocity by 23.0% in the 4th quarter. Polen Capital Management LLC now owns 28,689 shares of the software maker's stock worth $5,723,000 after purchasing an additional 5,357 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in Paylocity by 4.6% in the 4th quarter. Gallacher Capital Management LLC now owns 1,989 shares of the software maker's stock worth $397,000 after purchasing an additional 88 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Paylocity news, Director Steven I. Sarowitz sold 3,083 shares of Paylocity stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $200.73, for a total transaction of $618,850.59. Following the sale, the director now owns 8,335,347 shares of the company's stock, valued at $1,673,154,203.31. The trade was a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 7,083 shares of company stock valued at $1,420,041. 21.91% of the stock is owned by corporate insiders.
Paylocity Stock Performance
Shares of NASDAQ:PCTY traded up $1.16 during trading on Friday, hitting $191.91. 570,223 shares of the stock traded hands, compared to its average volume of 467,711. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 49.21, a P/E/G ratio of 4.49 and a beta of 0.94. The company has a fifty day moving average price of $201.44 and a two-hundred day moving average price of $191.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80.
Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly 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 22.45% and a net margin of 14.76%. As a group, equities analysts predict that Paylocity Holding Co. will post 4.36 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms recently commented on PCTY. Jefferies Financial Group lifted their target price on shares of Paylocity from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. StockNews.com lowered shares of Paylocity from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Needham & Company LLC raised their price target on shares of Paylocity from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Mizuho raised shares of Paylocity from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $200.00 to $235.00 in a research report on Friday, January 31st. Finally, Barclays raised their price target on shares of Paylocity from $214.00 to $231.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.25.
Check Out Our Latest Stock Report on PCTY
Paylocity Company Profile
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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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