EP Wealth Advisors LLC Buys New Shares in Paylocity Holding Corporation $PCTY

EP Wealth Advisors LLC purchased a new position in Paylocity Holding Corporation (NASDAQ:PCTY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,615 shares of the software maker’s stock, valued at approximately $482,000.

Several other institutional investors also recently modified their holdings of PCTY. Los Angeles Capital Management LLC bought a new stake in shares of Paylocity during the 4th quarter worth $30,000. Advisory Services Network LLC acquired a new stake in shares of Paylocity during the third quarter worth $38,000. Optiver Holding B.V. raised its position in shares of Paylocity by 5,925.0% during the first quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after purchasing an additional 237 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Paylocity during the second quarter valued at $27,000. Finally, Basecamp Wealth Advisors LLC boosted its position in shares of Paylocity by 4,250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after purchasing an additional 255 shares during the period. Institutional investors own 94.76% of the company’s stock.

Insider Activity at Paylocity

In other Paylocity news, CFO Ryan Glenn sold 3,345 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $149.75, for a total value of $500,913.75. Following the transaction, the chief financial officer owned 122,563 shares in the company, valued at approximately $18,353,809.25. This represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven I. Sarowitz sold 8,539 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $150.20, for a total transaction of $1,282,557.80. Following the completion of the sale, the director owned 4,480,055 shares of the company’s stock, valued at approximately $672,904,261. The trade was a 0.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 30,300 shares of company stock valued at $4,553,607. 19.40% of the stock is owned by company insiders.

Paylocity Stock Down 0.1%

Shares of Paylocity stock opened at $152.24 on Wednesday. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $181.97. The company has a market cap of $8.08 billion, a P/E ratio of 30.76 and a beta of 0.47. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $128.01 and a 200 day moving average price of $115.47.

Paylocity (NASDAQ:PCTY) last released its earnings results on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.22. The company had revenue of $444.73 million for the quarter, compared to analysts’ expectations of $431.46 million. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 EPS. As a group, analysts expect that Paylocity Holding Corporation will post 6.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PCTY shares. Citizens Jmp dropped their price target on Paylocity from $170.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. BMO Capital Markets raised their target price on shares of Paylocity from $143.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Paylocity in a research report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and set a $165.00 price target on shares of Paylocity in a report on Wednesday, August 5th. Finally, UBS Group upped their price target on shares of Paylocity from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.53.

Paylocity Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.