Blair William & Co. IL Has $21.83 Million Stock Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Blair William & Co. IL decreased its stake in Paylocity Holding Co. (NASDAQ:PCTY) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,434 shares of the software maker’s stock after selling 6,815 shares during the quarter. Blair William & Co. IL’s holdings in Paylocity were worth $21,829,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PCTY. Vanguard Group Inc. boosted its position in Paylocity by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,029,402 shares of the software maker’s stock valued at $803,745,000 after purchasing an additional 46,183 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Paylocity by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock valued at $173,053,000 after buying an additional 36,590 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Paylocity by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 863,787 shares of the software maker’s stock valued at $172,300,000 after buying an additional 7,251 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Paylocity by 3.5% in the 3rd quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker’s stock valued at $85,444,000 after buying an additional 17,560 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position in Paylocity by 0.6% during the fourth quarter. GW&K Investment Management LLC now owns 381,010 shares of the software maker’s stock valued at $76,000,000 after acquiring an additional 2,193 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Activity

In related news, Director Steven I. Sarowitz sold 23,243 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $191.00, for a total value of $4,439,413.00. Following the sale, the director now owns 470,452 shares of the company’s stock, valued at $89,856,332. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 52,095 shares of company stock worth $10,076,554. 21.91% of the stock is currently owned by corporate insiders.

Paylocity Stock Performance

NASDAQ:PCTY opened at $191.13 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day moving average is $201.41 and its 200-day moving average is $192.04. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 4.49 and a beta of 0.94.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $0.82 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a net margin of 14.76% and a return on equity of 22.45%. Equities research analysts anticipate that Paylocity Holding Co. will post 4.36 earnings per share for the current year.

Wall Street Analyst Weigh In

PCTY has been the subject of several recent research reports. Citigroup raised shares of Paylocity from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $214.00 to $231.00 in a research report on Thursday, January 16th. TD Cowen lowered their target price on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus raised their target price on Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays increased their price objective on Paylocity from $214.00 to $231.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, Mizuho upgraded Paylocity from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $200.00 to $235.00 in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Paylocity has an average rating of “Moderate Buy” and an average price target of $233.25.

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.