Wasatch Advisors Inc. Has $50.55 Million Holdings in Paylocity Holding Corp (PCTY)

Wasatch Advisors Inc. boosted its stake in Paylocity Holding Corp (NASDAQ:PCTY) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,071,943 shares of the software maker’s stock after buying an additional 210,556 shares during the period. Wasatch Advisors Inc. owned 2.04% of Paylocity worth $50,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PCTY. Vanguard Group Inc. increased its holdings in shares of Paylocity by 3.8% during the second quarter. Vanguard Group Inc. now owns 2,070,015 shares of the software maker’s stock valued at $93,524,000 after purchasing an additional 75,709 shares during the period. FMR LLC increased its holdings in shares of Paylocity by 5.2% during the second quarter. FMR LLC now owns 1,963,017 shares of the software maker’s stock valued at $88,689,000 after purchasing an additional 97,368 shares during the period. TimesSquare Capital Management LLC increased its holdings in shares of Paylocity by 4.7% during the third quarter. TimesSquare Capital Management LLC now owns 1,042,500 shares of the software maker’s stock valued at $50,895,000 after purchasing an additional 46,950 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Paylocity during the second quarter valued at $29,148,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Paylocity by 56.3% during the third quarter. Alyeska Investment Group L.P. now owns 625,000 shares of the software maker’s stock valued at $30,513,000 after purchasing an additional 225,000 shares during the period. 59.78% of the stock is currently owned by hedge funds and other institutional investors.

Paylocity Holding Corp (NASDAQ PCTY) opened at $48.75 on Wednesday. The stock has a market capitalization of $2,606.94, a PE ratio of 270.83, a P/E/G ratio of 6.51 and a beta of 2.11. Paylocity Holding Corp has a fifty-two week low of $29.69 and a fifty-two week high of $53.96.

Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. The firm had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.88 million. Paylocity had a return on equity of 7.98% and a net margin of 3.11%. Paylocity’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. research analysts predict that Paylocity Holding Corp will post 0.33 EPS for the current fiscal year.

In related news, SVP Edward W. Gaty sold 5,062 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $45.82, for a total value of $231,940.84. Following the completion of the transaction, the senior vice president now owns 116,135 shares in the company, valued at approximately $5,321,305.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Haske sold 25,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $47.02, for a total value of $1,175,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,376,204 shares of company stock worth $63,542,933. 48.80% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. BidaskClub lowered Paylocity from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. SunTrust Banks reissued a “hold” rating and set a $47.00 price target on shares of Paylocity in a report on Friday, November 3rd. Zacks Investment Research raised Paylocity from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, January 2nd. TheStreet raised Paylocity from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, Bank of America raised their price target on Paylocity from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $52.92.

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Paylocity 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.

Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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