Paylocity Holding Corporation $PCTY Shares Purchased by UBS Group AG

UBS Group AG boosted its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 38.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,879 shares of the software maker’s stock after acquiring an additional 115,111 shares during the period. UBS Group AG’s holdings in Paylocity were worth $63,422,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC raised its holdings in Paylocity by 97.7% in the third quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after acquiring an additional 369,975 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Paylocity in the third quarter valued at $104,657,000. Dimensional Fund Advisors LP raised its holdings in Paylocity by 14.2% in the third quarter. Dimensional Fund Advisors LP now owns 616,747 shares of the software maker’s stock valued at $98,237,000 after acquiring an additional 76,603 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Paylocity by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock valued at $88,459,000 after acquiring an additional 100,400 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Paylocity by 61.3% in the third quarter. Qube Research & Technologies Ltd now owns 552,313 shares of the software maker’s stock valued at $87,967,000 after acquiring an additional 209,897 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Paylocity Stock Down 0.5%

PCTY stock opened at $109.03 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a fifty-two week low of $92.99 and a fifty-two week high of $201.97. The firm’s 50-day simple moving average is $106.90 and its 200 day simple moving average is $129.76. The stock has a market cap of $5.87 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 3.17 and a beta of 0.49.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. Paylocity had a net margin of 14.19% and a return on equity of 23.44%. The business had revenue of $416.13 million for the quarter, compared to analysts’ expectations of $408.37 million. During the same quarter last year, the company earned $1.52 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Paylocity Holding Corporation will post 5.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group dropped their target price on shares of Paylocity from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Wall Street Zen cut shares of Paylocity from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. KeyCorp dropped their target price on shares of Paylocity from $190.00 to $172.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of Paylocity in a report on Thursday, January 29th. Finally, Stephens set a $160.00 target price on shares of Paylocity in a report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Paylocity currently has an average rating of “Moderate Buy” and a consensus target price of $172.72.

Paylocity Company 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.