Siemens Fonds Invest GmbH Sells 202 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Siemens Fonds Invest GmbH cut its position in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,774 shares of the software maker’s stock after selling 202 shares during the period. Siemens Fonds Invest GmbH’s holdings in Paylocity were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Paylocity by 58.6% during the 4th quarter. Royal Bank of Canada now owns 90,759 shares of the software maker’s stock worth $18,103,000 after purchasing an additional 33,547 shares during the last quarter. Rafferty Asset Management LLC lifted its position in Paylocity by 13.8% during the 4th quarter. Rafferty Asset Management LLC now owns 1,453 shares of the software maker’s stock worth $290,000 after acquiring an additional 176 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Paylocity by 34.5% in the fourth quarter. Point72 Asset Management L.P. now owns 416,531 shares of the software maker’s stock worth $83,085,000 after purchasing an additional 106,770 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Paylocity by 6.3% during the fourth quarter. ProShare Advisors LLC now owns 2,171 shares of the software maker’s stock worth $433,000 after purchasing an additional 128 shares during the period. Finally, Quantinno Capital Management LP boosted its position in Paylocity by 62.5% in the fourth quarter. Quantinno Capital Management LP now owns 48,020 shares of the software maker’s stock valued at $9,579,000 after buying an additional 18,463 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

Paylocity Price Performance

Paylocity stock opened at $201.04 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average price is $188.32 and its 200 day moving average price is $197.76. The stock has a market capitalization of $11.10 billion, a P/E ratio of 51.55, a P/E/G ratio of 4.49 and a beta of 0.58. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $223.80.

Paylocity (NASDAQ:PCTY) last announced its earnings results on Thursday, May 1st. The software maker reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.34. Paylocity had a net margin of 14.76% and a return on equity of 22.45%. The business had revenue of $454.55 million for the quarter, compared to analyst estimates of $441.77 million. During the same quarter last year, the business earned $2.21 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Paylocity Holding Co. will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Paylocity news, Director Steven I. Sarowitz sold 26,252 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $194.91, for a total transaction of $5,116,777.32. Following the completion of the transaction, the director now owns 420,000 shares of the company’s stock, valued at $81,862,200. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup reduced their price target on shares of Paylocity from $246.00 to $225.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Raymond James reissued an “outperform” rating and set a $235.00 target price (down previously from $265.00) on shares of Paylocity in a report on Friday, May 2nd. UBS Group upped their price target on shares of Paylocity from $195.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Barclays increased their price target on Paylocity from $204.00 to $209.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price objective on Paylocity from $250.00 to $235.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $223.00.

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.