Paylocity Holding Corp (NASDAQ:PCTY) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its holdings in shares of Paylocity Holding Corp (NASDAQ:PCTY) by 9.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,360 shares of the software maker’s stock after purchasing an additional 4,096 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.09% of Paylocity worth $4,631,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors Inc. lifted its position in shares of Paylocity by 9.3% during the first quarter. Wasatch Advisors Inc. now owns 2,008,033 shares of the software maker’s stock worth $179,096,000 after purchasing an additional 171,514 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Paylocity by 4.5% during the second quarter. TimesSquare Capital Management LLC now owns 1,476,188 shares of the software maker’s stock worth $138,496,000 after purchasing an additional 63,940 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Paylocity by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 603,401 shares of the software maker’s stock worth $56,611,000 after purchasing an additional 14,764 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Paylocity by 5.3% during the first quarter. Blair William & Co. IL now owns 565,793 shares of the software maker’s stock worth $50,463,000 after purchasing an additional 28,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Paylocity by 26.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 453,995 shares of the software maker’s stock worth $27,335,000 after purchasing an additional 95,223 shares in the last quarter. 66.04% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Paylocity from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. BidaskClub cut shares of Paylocity from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. KeyCorp upped their target price on shares of Paylocity from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Raymond James upped their target price on shares of Paylocity from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group upped their target price on shares of Paylocity to $115.00 in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Paylocity presently has a consensus rating of “Buy” and a consensus target price of $105.67.

In other Paylocity news, Director Ronald V. Waters sold 4,516 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $106.30, for a total value of $480,050.80. Following the transaction, the director now directly owns 14,415,427 shares in the company, valued at $1,532,359,890.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven R. Beauchamp sold 65,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $98.89, for a total transaction of $6,427,850.00. Following the completion of the transaction, the chief executive officer now owns 1,817,080 shares in the company, valued at $179,691,041.20. The disclosure for this sale can be found here. Insiders sold 262,076 shares of company stock worth $26,692,978 over the last quarter. 41.20% of the stock is currently owned by insiders.

Shares of PCTY stock traded down $1.13 during trading hours on Friday, reaching $97.29. 4,680 shares of the stock were exchanged, compared to its average volume of 371,337. The business’s fifty day moving average is $104.87 and its two-hundred day moving average is $96.79. Paylocity Holding Corp has a 12-month low of $53.46 and a 12-month high of $112.46. The firm has a market capitalization of $5.05 billion, a P/E ratio of 90.03, a P/E/G ratio of 4.47 and a beta of 1.63.

Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, August 8th. The software maker reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.27. The firm had revenue of $120.37 million for the quarter, compared to analyst estimates of $117.51 million. Paylocity had a net margin of 11.57% and a return on equity of 18.19%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, research analysts predict that Paylocity Holding Corp will post 1.06 EPS for the current year.

Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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