Edmond DE Rothschild Holding S.A. Has $2.98 Million Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Edmond DE Rothschild Holding S.A. boosted its position in Paylocity Holding Co. (NASDAQ:PCTYFree Report) by 36.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,049 shares of the software maker’s stock after purchasing an additional 4,782 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Paylocity were worth $2,975,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PCTY. Teacher Retirement System of Texas grew its position in shares of Paylocity by 9.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,459 shares of the software maker’s stock valued at $629,000 after acquiring an additional 296 shares during the period. Signaturefd LLC raised its position in shares of Paylocity by 115.5% during the 3rd quarter. Signaturefd LLC now owns 502 shares of the software maker’s stock valued at $91,000 after buying an additional 269 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Paylocity by 9.8% during the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the software maker’s stock valued at $11,552,000 after buying an additional 5,691 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Paylocity by 17.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,552 shares of the software maker’s stock valued at $3,189,000 after buying an additional 2,591 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Paylocity by 6.7% during the 3rd quarter. Arizona State Retirement System now owns 12,181 shares of the software maker’s stock valued at $2,213,000 after purchasing an additional 766 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PCTY has been the topic of several recent research reports. TD Cowen reduced their target price on shares of Paylocity from $188.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. BTIG Research began coverage on shares of Paylocity in a report on Tuesday, February 6th. They issued a “buy” rating and a $200.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Paylocity in a report on Friday, May 3rd. Citigroup lifted their price target on shares of Paylocity from $176.00 to $178.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Mizuho reduced their price target on shares of Paylocity from $170.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.40.

Check Out Our Latest Stock Analysis on PCTY

Insider Activity at Paylocity

In other news, CEO Steven R. Beauchamp sold 7,760 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $166.95, for a total value of $1,295,532.00. Following the sale, the chief executive officer now owns 1,746,468 shares of the company’s stock, valued at $291,572,832.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Paylocity news, Director Jeffrey T. Diehl sold 1,760 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $171.64, for a total transaction of $302,086.40. Following the completion of the sale, the director now directly owns 14,704 shares of the company’s stock, valued at $2,523,794.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven R. Beauchamp sold 7,760 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $166.95, for a total transaction of $1,295,532.00. Following the sale, the chief executive officer now directly owns 1,746,468 shares of the company’s stock, valued at $291,572,832.60. The disclosure for this sale can be found here. Insiders have sold a total of 30,043 shares of company stock valued at $5,056,642 over the last 90 days. 22.50% of the stock is owned by corporate insiders.

Paylocity Price Performance

Shares of PCTY stock traded down $0.95 during mid-day trading on Wednesday, hitting $150.83. The company had a trading volume of 122,304 shares, compared to its average volume of 495,701. Paylocity Holding Co. has a 52-week low of $139.40 and a 52-week high of $230.52. The stock’s 50 day moving average price is $164.75 and its 200-day moving average price is $162.72. The company has a market capitalization of $8.51 billion, a P/E ratio of 44.12, a P/E/G ratio of 2.88 and a beta of 0.88.

Paylocity (NASDAQ:PCTYGet Free Report) last released its earnings results on Thursday, May 2nd. The software maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.28 by $0.29. The firm had revenue of $401.28 million for the quarter, compared to the consensus estimate of $396.93 million. Paylocity had a net margin of 14.42% and a return on equity of 22.08%. On average, equities research analysts expect that Paylocity Holding Co. will post 3.85 earnings per share for the current year.

Paylocity Profile

(Free Report)

Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions.

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Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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