Swiss National Bank Trims Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Swiss National Bank lowered its position in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,500 shares of the software maker’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Paylocity were worth $17,454,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PCTY. SBI Securities Co. Ltd. purchased a new position in shares of Paylocity during the fourth quarter valued at $29,000. Prospera Private Wealth LLC purchased a new position in shares of Paylocity during the third quarter valued at $39,000. UMB Bank n.a. increased its stake in shares of Paylocity by 41.1% during the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker’s stock valued at $49,000 after buying an additional 72 shares during the period. Quarry LP increased its stake in shares of Paylocity by 149.2% during the third quarter. Quarry LP now owns 309 shares of the software maker’s stock valued at $51,000 after buying an additional 185 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Paylocity by 489.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $54,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Trading Down 0.2 %

Paylocity stock opened at $189.96 on Wednesday. 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 Holding Co. has a 52 week low of $129.94 and a 52 week high of $223.80. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94. The stock has a 50-day moving average price of $201.57 and a 200 day moving average price of $190.83.

Paylocity (NASDAQ:PCTY) last released 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 return on equity of 22.45% and a net margin of 14.76%. Sell-side analysts anticipate that Paylocity Holding Co. will post 4.36 EPS for the current year.

Analyst Ratings Changes

PCTY has been the topic of several research reports. UBS Group raised their price target on Paylocity from $211.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. StockNews.com lowered Paylocity from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Citigroup upgraded Paylocity from a “neutral” rating to a “buy” rating and lifted their target price for the company from $214.00 to $231.00 in a research note on Thursday, January 16th. Needham & Company LLC lifted their target price on Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group lifted their target price on Paylocity from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.25.

Insider Buying and Selling

In related news, Director Steven I. Sarowitz sold 2,600 shares of Paylocity stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $200.14, for a total transaction of $520,364.00. Following the completion of the transaction, the director now directly owns 8,332,347 shares in the company, valued at approximately $1,667,635,928.58. This trade represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,083 shares of company stock valued at $1,420,041 over the last quarter. 21.91% of the stock is currently 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.