Voya Investment Management LLC Sells 12,593 Shares of Paylocity Holding Corporation $PCTY

Voya Investment Management LLC lessened its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 35.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,864 shares of the software maker’s stock after selling 12,593 shares during the quarter. Voya Investment Management LLC’s holdings in Paylocity were worth $3,642,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Amiral Gestion increased its stake in Paylocity by 37.6% in the 3rd quarter. Amiral Gestion now owns 84,703 shares of the software maker’s stock valued at $13,491,000 after buying an additional 23,162 shares during the last quarter. Union Bancaire Privee UBP SA grew its holdings in shares of Paylocity by 74.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 3,556 shares of the software maker’s stock valued at $582,000 after acquiring an additional 1,512 shares in the last quarter. Oak Thistle LLC increased its position in shares of Paylocity by 46.0% in the third quarter. Oak Thistle LLC now owns 13,171 shares of the software maker’s stock valued at $2,098,000 after acquiring an additional 4,151 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of Paylocity by 372.7% in the third quarter. Aaron Wealth Advisors LLC now owns 9,298 shares of the software maker’s stock valued at $1,481,000 after acquiring an additional 7,331 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Paylocity by 68.0% during the second quarter. Corient Private Wealth LLC now owns 2,071 shares of the software maker’s stock worth $375,000 after acquiring an additional 838 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Trading Up 0.9%

PCTY stock opened at $153.65 on Friday. Paylocity Holding Corporation has a one year low of $135.46 and a one year high of $223.80. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 4.48 and a beta of 0.57. The company has a fifty day moving average price of $147.59 and a two-hundred day moving average price of $164.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07.

Paylocity (NASDAQ:PCTY) last posted its earnings results on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $399.53 million. During the same quarter last year, the company posted $1.66 EPS. Paylocity’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Insider Activity

In other news, CFO Ryan Glenn sold 1,737 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $143.65, for a total value 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. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PCTY has been the topic of several recent analyst reports. UBS Group lowered their price target on Paylocity from $195.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Citizens Jmp lowered their target price on shares of Paylocity from $270.00 to $245.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 5th. BMO Capital Markets cut their price target on shares of Paylocity from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Barclays decreased their price objective on shares of Paylocity from $195.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Finally, Citigroup boosted their price objective on shares of Paylocity from $175.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.32.

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.