12,367 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Paylocity Holding Co. (NASDAQ:PCTY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,367 shares of the software maker’s stock, valued at approximately $2,467,000.

Other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Paylocity during the 4th quarter valued at about $29,000. Prospera Private Wealth LLC bought a new stake in Paylocity during the third quarter worth approximately $39,000. UMB Bank n.a. increased its stake in Paylocity by 41.1% during the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker’s stock worth $49,000 after acquiring an additional 72 shares during the last quarter. Quarry LP raised its position in 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 purchasing an additional 185 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Paylocity by 29.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 274 shares of the software maker’s stock valued at $55,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of Paylocity stock opened at $189.96 on Wednesday. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $223.80. The stock’s fifty day moving average price is $201.57 and its 200-day moving average price is $190.83. The firm has a market cap of $10.62 billion, a P/E ratio of 48.71, a P/E/G ratio of 4.49 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.28.

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%. On average, equities research analysts expect that Paylocity Holding Co. will post 4.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Paylocity news, Director Steven I. Sarowitz sold 2,600 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $200.14, for a total value 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. The trade was a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 7,083 shares of company stock worth $1,420,041 over the last 90 days. Company insiders own 21.91% of the company’s stock.

Analyst Ratings Changes

PCTY has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of Paylocity from $211.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Mizuho upgraded shares of Paylocity from a “neutral” rating to an “outperform” rating and upped their price target for the company from $200.00 to $235.00 in a report on Friday, January 31st. JMP Securities increased their price objective on shares of Paylocity from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $254.00 target price (up previously from $212.00) on shares of Paylocity in a research note on Thursday, February 6th. Finally, Citigroup upgraded Paylocity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $214.00 to $231.00 in a report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $233.25.

Paylocity Company 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.