Paylocity Holding Corporation $PCTY Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 60.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,486 shares of the software maker's stock after acquiring an additional 17,950 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Paylocity worth $7,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Paylocity by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker's stock valued at $88,459,000 after acquiring an additional 100,400 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Paylocity in the third quarter valued at $2,580,000. Sawgrass Asset Management LLC acquired a new position in Paylocity in the third quarter valued at $9,156,000. Assenagon Asset Management S.A. boosted its holdings in Paylocity by 311.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 432,070 shares of the software maker's stock valued at $65,891,000 after acquiring an additional 327,082 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in Paylocity by 80.3% in the third quarter. AlphaQuest LLC now owns 24,804 shares of the software maker's stock valued at $3,951,000 after acquiring an additional 11,050 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Stock Down 0.8%

Shares of NASDAQ PCTY opened at $101.38 on Tuesday. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $201.97. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 2.96 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.04 and a current ratio of 1.04. The stock's 50-day simple moving average is $107.08 and its 200-day simple moving average is $130.73.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.28. The firm had revenue of $416.13 million during the quarter, compared to analyst estimates of $408.37 million. Paylocity had a return on equity of 23.44% and a net margin of 14.19%.Paylocity's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, equities analysts anticipate that Paylocity Holding Corporation will post 5.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

PCTY has been the topic of a number of research analyst reports. TD Cowen reiterated a "buy" rating on shares of Paylocity in a report on Friday, February 6th. Robert W. Baird set a $220.00 target price on Paylocity in a report on Friday, February 6th. Stifel Nicolaus reduced their target price on Paylocity from $188.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Barclays reduced their target price on Paylocity from $146.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, April 20th. Finally, BTIG Research cut their price objective on Paylocity from $180.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 6th. Fifteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.16.

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.

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