Walleye Trading LLC Has $735,000 Stock Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Walleye Trading LLC decreased its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 44.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,683 shares of the software maker's stock after selling 2,917 shares during the period. Walleye Trading LLC's holdings in Paylocity were worth $735,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of 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 worth $1,916,000 after purchasing an additional 49 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Paylocity by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 19,118 shares of the software maker's stock worth $3,813,000 after buying an additional 51 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Paylocity by 29.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 274 shares of the software maker's stock valued at $55,000 after buying an additional 63 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Paylocity by 41.1% in the 4th quarter. UMB Bank n.a. now owns 247 shares of the software maker's stock valued at $49,000 after buying an additional 72 shares during the period. Finally, HighPoint Advisor Group LLC raised its position in shares of Paylocity by 5.1% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,559 shares of the software maker's stock worth $326,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 94.76% of the company's stock.

Insider Activity

In other news, Director Steven I. Sarowitz sold 26,252 shares of the business'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 sale, the director now owns 420,000 shares in the company, valued at $81,862,200. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 21.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Scotiabank assumed coverage on Paylocity in a research report on Wednesday, April 16th. They issued a "sector perform" rating and a $190.00 price objective for the company. Mizuho dropped their price target on shares of Paylocity from $245.00 to $220.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. 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 note on Friday, February 7th. Citigroup upgraded shares of Paylocity from a "neutral" rating to a "buy" rating and upped their target price for the company from $214.00 to $231.00 in a research report on Thursday, January 16th. Finally, StockNews.com lowered Paylocity from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Paylocity currently has an average rating of "Moderate Buy" and an average target price of $226.47.

Paylocity Stock Up 2.4 %

Shares of NASDAQ:PCTY traded up $4.36 during trading on Thursday, hitting $188.69. 340,602 shares of the company were exchanged, compared to its average volume of 480,328. Paylocity Holding Co. has a fifty-two week low of $129.94 and a fifty-two week 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. The firm has a fifty day moving average price of $191.66 and a two-hundred day moving average price of $194.93. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 48.38, a P/E/G ratio of 4.49 and a beta of 0.76.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $0.82 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%. As a group, research analysts anticipate that Paylocity Holding Co. will post 4.36 earnings per share for the current fiscal year.

Paylocity Profile

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.