Van Berkom & Associates Inc. Has $98.64 Million Stock Position in Paylocity Holding Co. (NASDAQ:PCTY)

Van Berkom & Associates Inc. reduced its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 16.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 494,495 shares of the software maker's stock after selling 94,564 shares during the period. Paylocity comprises 2.9% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 6th biggest position. Van Berkom & Associates Inc. owned approximately 0.89% of Paylocity worth $98,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PCTY. International Assets Investment Management LLC lifted its holdings in Paylocity by 16,397.9% during the third quarter. International Assets Investment Management LLC now owns 7,754 shares of the software maker's stock valued at $1,279,000 after purchasing an additional 7,707 shares during the last quarter. Certuity LLC purchased a new stake in shares of Paylocity during the 4th quarter valued at approximately $232,000. Edgestream Partners L.P. lifted its stake in shares of Paylocity by 222.3% during the 3rd quarter. Edgestream Partners L.P. now owns 10,837 shares of the software maker's stock valued at $1,788,000 after buying an additional 7,475 shares in the last quarter. Barclays PLC boosted its holdings in Paylocity by 14.3% in the 3rd quarter. Barclays PLC now owns 44,897 shares of the software maker's stock worth $7,407,000 after buying an additional 5,609 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Paylocity by 5,742.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,842 shares of the software maker's stock valued at $1,165,000 after buying an additional 5,742 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently commented on PCTY. UBS Group raised their price target on Paylocity from $211.00 to $220.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Needham & Company LLC raised their target price on Paylocity from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. StockNews.com cut Paylocity from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Jefferies Financial Group raised their price objective on shares of Paylocity from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, KeyCorp upped their target price on shares of Paylocity from $220.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $233.25.

Insider Activity

In other Paylocity news, Director Steven I. Sarowitz sold 1,400 shares of the company's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $200.59, for a total transaction of $280,826.00. Following the completion of the sale, the director now directly owns 8,338,430 shares in the company, valued at $1,672,605,673.70. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ryan Glenn sold 2,600 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $205.40, for a total value of $534,040.00. Following the completion of the sale, the chief financial officer now directly owns 48,150 shares of the company's stock, valued at approximately $9,890,010. This trade represents a 5.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,486 shares of company stock valued at $16,875,663. Corporate insiders own 21.91% of the company's stock.

Paylocity Price Performance

PCTY stock traded down $4.07 during mid-day trading on Tuesday, hitting $203.04. 144,692 shares of the stock were exchanged, compared to its average volume of 496,520. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 52.06, a PEG ratio of 4.49 and a beta of 0.95. The business has a fifty day moving average price of $202.91 and a 200 day moving average price of $186.43. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $223.80.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share (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%. On average, sell-side analysts anticipate that Paylocity Holding Co. will post 4.36 EPS 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.