Trillium Asset Management LLC Acquires 65,869 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Trillium Asset Management LLC raised its holdings in Paylocity Holding Co. (NASDAQ:PCTY) by 194.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,706 shares of the software maker’s stock after acquiring an additional 65,869 shares during the quarter. Trillium Asset Management LLC owned about 0.18% of Paylocity worth $19,888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PCTY. Geode Capital Management LLC raised its holdings in Paylocity by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock worth $173,053,000 after purchasing an additional 36,590 shares during the period. JPMorgan Chase & Co. raised its holdings in Paylocity by 81.9% in the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock worth $141,303,000 after purchasing an additional 385,625 shares during the period. Janus Henderson Group PLC raised its holdings in Paylocity by 3.5% in the third quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker’s stock worth $85,444,000 after purchasing an additional 17,560 shares during the period. GW&K Investment Management LLC raised its holdings in Paylocity by 0.6% in the fourth quarter. GW&K Investment Management LLC now owns 381,010 shares of the software maker’s stock worth $76,000,000 after purchasing an additional 2,193 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in Paylocity by 283.8% in the third quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker’s stock worth $51,101,000 after purchasing an additional 229,057 shares during the period. 94.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

PCTY has been the topic of several analyst reports. KeyCorp increased their target price on shares of Paylocity from $220.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Mizuho upgraded shares of Paylocity from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $200.00 to $235.00 in a report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $265.00 price objective (up from $215.00) on shares of Paylocity in a report on Friday, February 7th. StockNews.com lowered shares of Paylocity from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, TD Cowen dropped their price objective on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Paylocity presently has an average rating of “Moderate Buy” and a consensus price target of $233.25.

Paylocity Stock Down 0.2 %

Shares of PCTY stock opened at $189.96 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.28. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $223.80. The firm’s fifty day moving average price is $201.57 and its two-hundred day moving average price is $190.83. The firm has a market capitalization of $10.62 billion, a P/E ratio of 48.71, a PEG ratio of 4.49 and a beta of 0.94.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a net margin of 14.76% and a return on equity of 22.45%. On average, equities analysts predict that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven I. Sarowitz sold 3,083 shares of Paylocity stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $200.73, for a total value of $618,850.59. Following the completion of the transaction, the director now owns 8,335,347 shares of the company’s stock, valued at $1,673,154,203.31. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 7,083 shares of company stock valued at $1,420,041 in the last quarter. Company insiders own 21.91% of the company’s stock.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.