7,406 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new stake in Paylocity Holding Co. (NASDAQ:PCTY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,406 shares of the software maker’s stock, valued at approximately $1,477,000.

Several other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Paylocity in the 4th quarter valued at approximately $29,000. UMB Bank n.a. raised its stake in Paylocity by 41.1% in the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker’s stock valued at $49,000 after buying an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Paylocity by 489.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $54,000 after buying an additional 225 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Paylocity by 29.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 274 shares of the software maker’s stock worth $55,000 after acquiring an additional 63 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Paylocity in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven I. Sarowitz sold 26,252 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $194.91, for a total value of $5,116,777.32. Following the sale, the director now directly owns 420,000 shares in the company, valued at $81,862,200. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PCTY shares. Needham & Company LLC upped their price target on Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays cut their price target on shares of Paylocity from $231.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. TD Cowen dropped their price objective on Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Stifel Nicolaus boosted their target price on Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Raymond James restated an “outperform” rating and set a $265.00 price target (up previously from $215.00) on shares of Paylocity in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.12.

Paylocity Price Performance

Paylocity stock opened at $192.33 on Wednesday. The company has a market cap of $10.75 billion, a P/E ratio of 49.32, a price-to-earnings-growth ratio of 4.49 and a beta of 0.76. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $223.80. The business has a fifty day moving average of $189.82 and a two-hundred day moving average of $195.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 1.14.

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

Paylocity Company Profile

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.