Nomura Holdings Inc. Makes New $1.15 Million Investment in Paylocity Holding Co. (NASDAQ:PCTY)

Nomura Holdings Inc. bought a new stake in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,770 shares of the software maker's stock, valued at approximately $1,151,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PCTY. SBI Securities Co. Ltd. acquired a new position in Paylocity during the fourth quarter worth about $29,000. UMB Bank n.a. increased its position 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 purchasing an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 225 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Paylocity by 29.9% in the 4th 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 during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Paylocity in the fourth quarter valued at approximately $72,000. Institutional investors own 94.76% of the company's stock.

Insider Buying and Selling at Paylocity

In other news, Director Steven I. Sarowitz sold 23,243 shares of Paylocity stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $191.00, for a total value of $4,439,413.00. Following the completion of the sale, the director now owns 470,452 shares in the company, valued at $89,856,332. The trade was a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 21.91% of the company's stock.

Paylocity Trading Up 0.2%

NASDAQ PCTY traded up $0.37 during mid-day trading on Thursday, reaching $196.91. 405,399 shares of the stock were exchanged, compared to its average volume of 462,417. The stock has a market cap of $10.88 billion, a P/E ratio of 50.49, a P/E/G ratio of 4.49 and a beta of 0.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.14 and a quick ratio of 1.14. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $223.80. The stock has a 50 day simple moving average of $189.15 and a 200-day simple moving average of $197.92.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PCTY. Scotiabank assumed coverage on Paylocity in a research note on Wednesday, April 16th. They issued a "sector perform" rating and a $190.00 price target for the company. Stifel Nicolaus cut their price target on Paylocity from $250.00 to $235.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Mizuho lowered their price objective on Paylocity from $245.00 to $220.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. JMP Securities reiterated a "market outperform" rating and issued a $270.00 price objective on shares of Paylocity in a report on Tuesday, April 29th. Finally, UBS Group boosted their target price on shares of Paylocity from $195.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average 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.