Paylocity Holding Corporation (PCTY) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,071 shares of the software maker’s stock after purchasing an additional 3,577 shares during the quarter. California State Teachers Retirement System owned 0.09% of Paylocity Holding Corporation worth $2,081,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Paylocity Holding Corporation by 562.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,293 shares of the software maker’s stock valued at $149,000 after purchasing an additional 2,796 shares during the last quarter. Bank of Montreal Can raised its stake in Paylocity Holding Corporation by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock valued at $154,000 after purchasing an additional 42 shares during the last quarter. Turner Investments LLC bought a new stake in Paylocity Holding Corporation in the 2nd quarter valued at $158,000. Bayesian Capital Management LP increased its holdings in Paylocity Holding Corporation by 10.8% in the 2nd quarter. Bayesian Capital Management LP now owns 6,144 shares of the software maker’s stock valued at $278,000 after buying an additional 600 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new stake in Paylocity Holding Corporation in the 2nd quarter valued at $287,000. Hedge funds and other institutional investors own 59.44% of the company’s stock.

Several brokerages have issued reports on PCTY. Zacks Investment Research lowered shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. TheStreet raised shares of Paylocity Holding Corporation from a “c” rating to a “b-” rating in a report on Friday, November 3rd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $47.00 price target on shares of Paylocity Holding Corporation in a report on Friday, November 3rd. Robert W. Baird boosted their price target on shares of Paylocity Holding Corporation from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Bank of America Corporation boosted their price target on shares of Paylocity Holding Corporation from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Paylocity Holding Corporation presently has a consensus rating of “Buy” and a consensus target price of $52.92.

Shares of Paylocity Holding Corporation (PCTY) opened at $47.38 on Wednesday. Paylocity Holding Corporation has a fifty-two week low of $29.69 and a fifty-two week high of $53.96. The firm has a market cap of $2,491.40, a PE ratio of 215.64, a PEG ratio of 6.30 and a beta of 2.24.

Paylocity Holding Corporation (NASDAQ:PCTY) last posted its earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. Paylocity Holding Corporation had a net margin of 3.11% and a return on equity of 7.98%. The business had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.88 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. equities analysts predict that Paylocity Holding Corporation will post 0.32 earnings per share for the current year.

In other Paylocity Holding Corporation news, CEO Steven R. Beauchamp sold 50,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $46.63, for a total transaction of $2,331,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Edward W. Gaty sold 5,185 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $48.92, for a total transaction of $253,650.20. Following the sale, the senior vice president now directly owns 116,135 shares in the company, valued at approximately $5,681,324.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,288,715 shares of company stock worth $58,424,412. 48.80% of the stock is owned by insiders.

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Paylocity Holding Corporation Company Profile

Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company’s services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture.

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Institutional Ownership by Quarter for Paylocity Holding Corporation (NASDAQ:PCTY)

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