UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 25,414 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,794 shares of the software maker's stock after acquiring an additional 25,414 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Paylocity worth $25,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Paylocity by 14.3% during the third quarter. Barclays PLC now owns 44,897 shares of the software maker's stock worth $7,407,000 after buying an additional 5,609 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Paylocity by 5,742.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,842 shares of the software maker's stock worth $1,165,000 after buying an additional 5,742 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Paylocity by 53.6% during the fourth quarter. Fifth Third Bancorp now owns 4,632 shares of the software maker's stock worth $924,000 after buying an additional 1,617 shares during the last quarter. Blue Trust Inc. boosted its holdings in Paylocity by 27.7% in the 4th quarter. Blue Trust Inc. now owns 839 shares of the software maker's stock valued at $167,000 after purchasing an additional 182 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Paylocity during the 4th quarter worth approximately $2,689,000. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Stock Up 0.3%

Shares of NASDAQ:PCTY traded up $0.66 during trading on Friday, reaching $189.88. 596,818 shares of the company traded hands, compared to its average volume of 455,423. The firm has a market cap of $10.49 billion, a P/E ratio of 48.69, a price-to-earnings-growth 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 firm has a fifty day simple moving average of $189.40 and a 200 day simple moving average of $197.14. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.34. The company had revenue of $454.55 million for 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 business's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 EPS. Analysts anticipate that Paylocity Holding Co. will post 4.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PCTY. Piper Sandler reissued an "overweight" rating and set a $258.00 price target (up previously from $254.00) on shares of Paylocity in a research note on Friday, May 2nd. Wall Street Zen upgraded Paylocity from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JMP Securities reiterated a "market outperform" rating and issued a $270.00 price target on shares of Paylocity in a report on Tuesday, April 29th. BMO Capital Markets upped their price objective on shares of Paylocity from $210.00 to $226.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Raymond James reaffirmed an "outperform" rating and set a $235.00 price target (down previously from $265.00) on shares of Paylocity in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Paylocity currently has a consensus rating of "Moderate Buy" and an average target price of $223.00.

Insider Transactions at Paylocity

In other Paylocity news, Director Steven I. Sarowitz sold 23,243 shares of the 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 sale, the director now directly owns 470,452 shares in the company, valued at approximately $89,856,332. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 21.91% of the stock is owned by company insiders.

Paylocity 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.