Guggenheim Capital LLC purchased a new stake in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,496 shares of the software maker's stock, valued at approximately $697,000.
Other large investors also recently bought and sold shares of the company. Barclays PLC grew its stake in Paylocity by 14.3% in the 3rd quarter. Barclays PLC now owns 44,897 shares of the software maker's stock valued at $7,407,000 after acquiring an additional 5,609 shares during the period. Tidal Investments LLC increased its position in shares of Paylocity by 207.0% during the third quarter. Tidal Investments LLC now owns 8,836 shares of the software maker's stock worth $1,458,000 after purchasing an additional 5,958 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Paylocity by 3.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 287,264 shares of the software maker's stock valued at $47,389,000 after purchasing an additional 8,878 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Paylocity by 81.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker's stock worth $141,303,000 after purchasing an additional 385,625 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Paylocity by 43.3% during the fourth quarter. GAMMA Investing LLC now owns 384 shares of the software maker's stock worth $77,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.
Paylocity Stock Performance
Shares of PCTY traded down $0.23 during midday trading on Wednesday, reaching $192.10. 435,949 shares of the stock were exchanged, compared to its average volume of 479,720. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 4.49 and a beta of 0.76. 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 twelve month low of $129.94 and a twelve month high of $223.80. The business's 50-day moving average price is $189.57 and its 200 day moving average price is $195.86.
Paylocity (NASDAQ:PCTY - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.60). Paylocity had a net margin of 14.76% and a return on equity of 22.45%. On average, sell-side analysts expect that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.
Insider Transactions at Paylocity
In other Paylocity news, Director Steven I. Sarowitz sold 23,243 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $191.00, for a total transaction of $4,439,413.00. Following the completion of the sale, the director now directly owns 470,452 shares of the company's stock, valued at approximately $89,856,332. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 21.91% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on PCTY shares. Citigroup lowered their price target on shares of Paylocity from $246.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday. Stifel Nicolaus upped their price target on Paylocity from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Jefferies Financial Group lifted their price objective on Paylocity from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Piper Sandler restated an "overweight" rating and issued a $254.00 target price (up from $212.00) on shares of Paylocity in a report on Thursday, February 6th. Finally, StockNews.com lowered Paylocity from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $226.12.
Read Our Latest Research Report on PCTY
About Paylocity
(
Free Report)
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.
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