Paylocity Holding Corporation $PCTY Shares Purchased by Oak Thistle LLC

Oak Thistle LLC raised its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 46.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,171 shares of the software maker’s stock after buying an additional 4,151 shares during the period. Oak Thistle LLC’s holdings in Paylocity were worth $2,098,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in shares of Paylocity by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker’s stock valued at $1,097,000 after purchasing an additional 54 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Paylocity by 2.4% in the first quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker’s stock valued at $490,000 after purchasing an additional 62 shares during the period. Verdence Capital Advisors LLC grew its holdings in Paylocity by 5.7% in the second quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker’s stock valued at $218,000 after purchasing an additional 65 shares during the period. ProShare Advisors LLC increased its position in shares of Paylocity by 3.3% in the second quarter. ProShare Advisors LLC now owns 2,055 shares of the software maker’s stock valued at $372,000 after buying an additional 65 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of Paylocity by 47.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock worth $46,000 after buying an additional 81 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Paylocity news, CFO Ryan Glenn sold 1,737 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $143.65, for a total transaction of $249,520.05. Following the transaction, the chief financial officer owned 77,229 shares of the company’s stock, valued at approximately $11,093,945.85. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 19.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald set a $190.00 price target on shares of Paylocity in a research note on Wednesday, November 5th. BMO Capital Markets decreased their price objective on shares of Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. BTIG Research assumed coverage on shares of Paylocity in a research note on Tuesday. They set a “buy” rating and a $180.00 target price for the company. Stephens reduced their price target on shares of Paylocity from $200.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Finally, UBS Group lowered their price objective on Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.37.

Paylocity Stock Performance

NASDAQ:PCTY opened at $149.71 on Wednesday. The company has a market cap of $8.14 billion, a P/E ratio of 37.52, a P/E/G ratio of 4.40 and a beta of 0.57. Paylocity Holding Corporation has a twelve month low of $135.46 and a twelve month high of $223.80. The company’s 50-day moving average price is $147.38 and its 200-day moving average price is $166.77. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The company had revenue of $408.17 million during the quarter, compared to the consensus estimate of $399.53 million. During the same quarter in the prior year, the firm earned $1.66 EPS. Paylocity’s quarterly revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

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.