Paylocity Holding Co. (NASDAQ:PCTY) Shares Sold by Xponance Inc.

Xponance Inc. lessened its holdings in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 5.5% during the 4th quarter, HoldingsChannel reports. The firm owned 9,228 shares of the software maker’s stock after selling 539 shares during the period. Xponance Inc.’s holdings in Paylocity were worth $1,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RiverPark Advisors LLC acquired a new stake in Paylocity during the 3rd quarter worth $43,000. CWM LLC boosted its position in shares of Paylocity by 18.1% during the 3rd quarter. CWM LLC now owns 412 shares of the software maker’s stock valued at $75,000 after acquiring an additional 63 shares during the last quarter. Signaturefd LLC boosted 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 acquiring an additional 269 shares during the last quarter. Covestor Ltd boosted its position in shares of Paylocity by 18.6% during the 3rd quarter. Covestor Ltd now owns 836 shares of the software maker’s stock valued at $152,000 after acquiring an additional 131 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of Paylocity during the 3rd quarter valued at about $192,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $158.88 on Wednesday. The firm has a market capitalization of $8.95 billion, a PE ratio of 53.68, a price-to-earnings-growth ratio of 3.46 and a beta of 0.87. The firm’s 50-day moving average is $168.25 and its two-hundred day moving average is $165.49. Paylocity Holding Co. has a 1 year low of $139.40 and a 1 year high of $230.52.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. Paylocity had a net margin of 12.96% and a return on equity of 21.37%. The company had revenue of $326.36 million for the quarter, compared to analyst estimates of $324.34 million. Analysts expect that Paylocity Holding Co. will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PCTY shares. BTIG Research started coverage on shares of Paylocity in a research report on Tuesday, February 6th. They set a “buy” rating and a $200.00 price target on the stock. Mizuho lowered their price target on shares of Paylocity from $170.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. JMP Securities restated a “market outperform” rating and issued a $250.00 price objective on shares of Paylocity in a report on Monday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Paylocity in a report on Friday, February 9th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $180.00 price objective (down from $240.00) on shares of Paylocity in a report on Friday, January 5th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Paylocity has an average rating of “Moderate Buy” and a consensus target price of $205.13.

Insider Transactions at Paylocity

In other news, CEO Steven R. Beauchamp sold 7,760 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $166.95, for a total transaction of $1,295,532.00. Following the completion of the transaction, the chief executive officer now directly owns 1,746,468 shares of the company’s stock, valued at $291,572,832.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Steven R. Beauchamp sold 7,760 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $166.95, for a total transaction of $1,295,532.00. Following the completion of the transaction, the chief executive officer now directly owns 1,746,468 shares of the company’s stock, valued at $291,572,832.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey T. Diehl sold 1,760 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $171.64, for a total value of $302,086.40. Following the transaction, the director now directly owns 14,704 shares of the company’s stock, valued at $2,523,794.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,547 shares of company stock valued at $9,356,359. 22.50% of the stock is currently owned by corporate insiders.

Paylocity Profile

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.