Public Employees Retirement System of Ohio Grows Stake in Paylocity Holding Corporation (NASDAQ:PCTY)

Public Employees Retirement System of Ohio lifted its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 29.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 37,350 shares of the software maker’s stock after acquiring an additional 8,391 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Paylocity Holding Corporation worth $1,687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Paylocity Holding Corporation by 22.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock worth $103,000 after acquiring an additional 421 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Paylocity Holding Corporation by 562.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,293 shares of the software maker’s stock worth $149,000 after acquiring an additional 2,796 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Paylocity Holding Corporation by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock worth $154,000 after acquiring an additional 42 shares during the last quarter. Turner Investments LLC purchased a new position in shares of Paylocity Holding Corporation in the second quarter worth $158,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Paylocity Holding Corporation in the second quarter worth $208,000. Hedge funds and other institutional investors own 59.44% of the company’s stock.

In related news, Director Jeffrey T. Diehl sold 1,155,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $45.00, for a total value of $51,975,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael R. Haske sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $47.02, for a total transaction of $1,175,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,288,715 shares of company stock worth $58,424,412. 48.80% of the stock is currently owned by company insiders.

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Shares of Paylocity Holding Corporation (PCTY) traded down $0.06 during mid-day trading on Wednesday, hitting $47.38. 191,700 shares of the stock were exchanged, compared to its average volume of 290,690. Paylocity Holding Corporation has a 1 year low of $29.69 and a 1 year high of $53.96. The company 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 announced its earnings results on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. The firm had revenue of $81.50 million for the quarter, compared to analysts’ expectations of $80.88 million. Paylocity Holding Corporation had a net margin of 3.11% and a return on equity of 7.98%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. sell-side analysts forecast that Paylocity Holding Corporation will post 0.32 earnings per share for the current year.

Several research analysts recently commented on the stock. Mizuho reaffirmed a “hold” rating and issued a $45.00 target price on shares of Paylocity Holding Corporation in a research note on Thursday, August 10th. Raymond James Financial, Inc. set a $55.00 target price on shares of Paylocity Holding Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. JMP Securities reaffirmed an “outperform” rating and issued a $54.00 target price on shares of Paylocity Holding Corporation in a research note on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $52.92.

About Paylocity Holding Corporation

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.

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

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