Universal Beteiligungs und Servicegesellschaft mbH Takes $6.48 Million Position in Paylocity Holding Corporation (NASDAQ:PCTY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Paylocity by purchasing 34,604 shares valued at approximately $6.48 million, holding about 0.06% of the company.
• Paylocity's recent earnings beat analysts' expectations with an earnings per share (EPS) of $2.43 for the quarter, surpassing the consensus estimate of $2.09.
• Fourteen analysts have rated Paylocity's stock as a "buy," while the average price target is currently set at $221.76.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,604 shares of the software maker's stock, valued at approximately $6,483,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Paylocity as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PCTY. USA Financial Formulas acquired a new position in shares of Paylocity during the first quarter worth approximately $29,000. Hughes Financial Services LLC bought a new position in shares of Paylocity in the first quarter worth $48,000. Johnson Financial Group Inc. acquired a new position in shares of Paylocity during the fourth quarter valued at $72,000. Huntington National Bank increased its holdings in shares of Paylocity by 37.3% during the fourth quarter. Huntington National Bank now owns 431 shares of the software maker's stock valued at $86,000 after purchasing an additional 117 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Paylocity by 89.1% in the first quarter. UMB Bank n.a. now owns 467 shares of the software maker's stock worth $87,000 after purchasing an additional 220 shares during the period. 94.76% of the stock is owned by institutional investors.

Paylocity Stock Down 0.9%

NASDAQ:PCTY traded down $1.60 during trading hours on Monday, reaching $186.26. The company's stock had a trading volume of 517,853 shares, compared to its average volume of 466,713. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 46.45, a price-to-earnings-growth ratio of 3.69 and a beta of 0.50. Paylocity Holding Corporation has a one year low of $142.00 and a one year high of $223.80. The business's 50-day moving average is $185.72 and its 200-day moving average is $192.00.

Paylocity (NASDAQ:PCTY - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.34. The business had revenue of $454.55 million for the quarter, compared to the consensus estimate of $441.77 million. Paylocity had a return on equity of 22.90% and a net margin of 14.65%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $2.21 EPS. Equities research analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PCTY shares. Wall Street Zen raised shares of Paylocity from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group raised their target price on Paylocity from $195.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Stephens began coverage on shares of Paylocity in a report on Monday, July 21st. They issued an "equal weight" rating and a $200.00 price target for the company. Raymond James Financial restated an "outperform" rating and set a $235.00 target price (down from $265.00) on shares of Paylocity in a report on Friday, May 2nd. Finally, Citigroup decreased their target price on Paylocity from $225.00 to $218.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.76.

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the transaction, the senior vice president owned 11,953 shares of the company's stock, valued at $2,112,573.22. The trade was a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.91% of the company's stock.

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.