Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in Paylocity Holding Corporation $PCTY

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 17.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 29,536 shares of the software maker’s stock after selling 6,089 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Paylocity were worth $4,704,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. boosted its holdings 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 valued at $46,000 after acquiring an additional 81 shares during the last quarter. True Wealth Design LLC lifted its position in Paylocity by 155.4% during the third quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock valued at $46,000 after purchasing an additional 174 shares during the period. SJS Investment Consulting Inc. boosted its holdings in Paylocity by 14,800.0% in the third quarter. SJS Investment Consulting Inc. now owns 298 shares of the software maker’s stock worth $47,000 after purchasing an additional 296 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Paylocity in the 2nd quarter worth approximately $51,000. Finally, IFP Advisors Inc raised its stake in Paylocity by 248.5% during the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock valued at $61,000 after buying an additional 241 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PCTY shares. Guggenheim upgraded Paylocity from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Monday, November 10th. BTIG Research started coverage on Paylocity in a report on Tuesday, December 16th. They issued a “buy” rating and a $180.00 target price on the stock. BMO Capital Markets cut their price target on Paylocity from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Citizens Jmp reduced their price target on shares of Paylocity from $270.00 to $245.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group lowered their price objective on shares of Paylocity from $225.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and a consensus price target of $204.05.

Insider Buying and Selling at Paylocity

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

Paylocity Stock Performance

PCTY opened at $142.14 on Wednesday. The firm’s fifty day moving average is $147.87 and its 200 day moving average is $159.48. Paylocity Holding Corporation has a fifty-two week low of $135.46 and a fifty-two week high of $223.80. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 4.28 and a beta of 0.56.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 earnings per share (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 business had revenue of $408.17 million during the quarter, compared to analyst estimates of $399.53 million. During the same period last year, the firm posted $1.66 EPS. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

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.