Amiral Gestion Acquires Shares of 36,860 Paylocity Holding Co. (NASDAQ:PCTY)

Amiral Gestion acquired a new position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,860 shares of the software maker's stock, valued at approximately $7,352,000. Paylocity comprises 4.6% of Amiral Gestion's investment portfolio, making the stock its 8th biggest holding. Amiral Gestion owned about 0.07% of Paylocity as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PCTY. SBI Securities Co. Ltd. acquired a new position in shares of Paylocity during the 4th quarter worth about $29,000. UMB Bank n.a. boosted its stake in Paylocity by 41.1% during the 4th quarter. UMB Bank n.a. now owns 247 shares of the software maker's stock worth $49,000 after acquiring an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Paylocity by 489.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker's stock valued at $54,000 after purchasing an additional 225 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Paylocity by 29.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 274 shares of the software maker's stock valued at $55,000 after purchasing an additional 63 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Paylocity in the fourth quarter worth $72,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PCTY has been the subject of several research analyst reports. Barclays boosted their price target on shares of Paylocity from $204.00 to $209.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Citigroup decreased their target price on Paylocity from $246.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Mizuho dropped their price target on Paylocity from $245.00 to $220.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. KeyCorp cut their price objective on Paylocity from $250.00 to $220.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, JMP Securities reissued a "market outperform" rating and set a $270.00 target price on shares of Paylocity in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $223.00.

Insider Buying and Selling at Paylocity

In other news, Director Steven I. Sarowitz sold 26,252 shares of the company's 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 sale, the director now owns 420,000 shares in the company, valued at $81,862,200. This represents a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 21.91% of the company's stock.

Paylocity Stock Up 1.3%

PCTY traded up $2.59 during trading hours on Tuesday, hitting $197.44. 395,117 shares of the company's stock were exchanged, compared to its average volume of 461,178. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 50.63, a PEG 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. The stock's 50-day moving average is $189.60 and its two-hundred day moving average is $197.63. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.34. The company had revenue of $454.55 million during the quarter, compared to the consensus estimate of $441.77 million. Paylocity had a net margin of 14.76% and a return on equity of 22.45%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 EPS. Sell-side analysts predict that Paylocity Holding Co. will post 4.36 earnings per share for the current fiscal year.

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.