Pictet Asset Management Holding SA Sells 500,756 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Pictet Asset Management Holding SA decreased its stake in shares of Paylocity Holding Co. (NASDAQ:PCTYFree Report) by 52.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 450,244 shares of the software maker’s stock after selling 500,756 shares during the quarter. Pictet Asset Management Holding SA owned about 0.81% of Paylocity worth $89,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PCTY. Certuity LLC acquired a new position in Paylocity during the fourth quarter valued at approximately $232,000. Edgestream Partners L.P. grew its holdings in Paylocity by 222.3% during the 3rd quarter. Edgestream Partners L.P. now owns 10,837 shares of the software maker’s stock worth $1,788,000 after acquiring an additional 7,475 shares during the period. Barclays PLC increased its stake in shares of Paylocity by 14.3% in the 3rd quarter. Barclays PLC now owns 44,897 shares of the software maker’s stock valued at $7,407,000 after acquiring an additional 5,609 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Paylocity by 5,742.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,842 shares of the software maker’s stock worth $1,165,000 after buying an additional 5,742 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Paylocity by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 282,426 shares of the software maker’s stock worth $46,592,000 after buying an additional 4,697 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Insider Transactions at Paylocity

In related news, Director Steven I. Sarowitz sold 2,600 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $200.14, for a total value of $520,364.00. Following the completion of the sale, the director now owns 8,332,347 shares of the company’s stock, valued at $1,667,635,928.58. This trade represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 52,095 shares of company stock worth $10,076,554. 21.91% of the stock is currently owned by insiders.

Paylocity Trading Down 2.5 %

NASDAQ:PCTY opened at $186.33 on Friday. The firm has a market capitalization of $10.41 billion, a P/E ratio of 47.78, a P/E/G ratio of 4.49 and a beta of 0.94. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $223.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $201.20 and a 200 day moving average of $192.49.

Paylocity (NASDAQ:PCTYGet Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $0.82 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, research analysts predict that Paylocity Holding Co. will post 4.36 earnings per share for the current year.

Analysts Set New Price Targets

PCTY has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $254.00 target price (up previously from $212.00) on shares of Paylocity in a report on Thursday, February 6th. Raymond James reissued an “outperform” rating and set a $265.00 target price (up from $215.00) on shares of Paylocity in a research report on Friday, February 7th. StockNews.com lowered Paylocity from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Jefferies Financial Group boosted their target price on shares of Paylocity from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Mizuho raised Paylocity from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $200.00 to $235.00 in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $233.25.

View Our Latest Research Report on Paylocity

Paylocity Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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