Paylocity Holding Corporation $PCTY Shares Acquired by Syon Capital LLC

Syon Capital LLC boosted its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 101.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,419 shares of the software maker’s stock after acquiring an additional 4,246 shares during the period. Syon Capital LLC’s holdings in Paylocity were worth $880,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Paylocity by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker’s stock worth $25,551,000 after acquiring an additional 7,594 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Paylocity by 24.5% in the 1st quarter. Focus Partners Wealth now owns 1,365 shares of the software maker’s stock worth $256,000 after acquiring an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Paylocity by 537.0% during the second quarter. EverSource Wealth Advisors LLC now owns 465 shares of the software maker’s stock worth $84,000 after purchasing an additional 392 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Paylocity by 2,782.7% during the 2nd quarter. Marshall Wace LLP now owns 35,688 shares of the software maker’s stock worth $6,466,000 after buying an additional 34,450 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Paylocity by 10.0% during the second quarter. Cerity Partners LLC now owns 19,241 shares of the software maker’s stock worth $3,486,000 after acquiring an additional 1,749 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $152.25 on Monday. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $178.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $136.65 and its 200-day simple moving average is $117.92. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 30.76 and a beta of 0.45.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The firm had revenue of $444.73 million for the quarter, compared to analysts’ expectations of $431.46 million. During the same period in the prior year, the company earned $1.56 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Paylocity Holding Corporation will post 6.92 earnings per share for the current fiscal year.

Insider Transactions at Paylocity

In other Paylocity news, CFO Ryan Glenn sold 3,345 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $149.75, for a total value of $500,913.75. Following the transaction, the chief financial officer directly owned 122,563 shares in the company, valued at approximately $18,353,809.25. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Sarowitz sold 19,459 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $157.78, for a total transaction of $3,070,241.02. Following the transaction, the director directly owned 4,453,495 shares in the company, valued at $702,672,441.10. The trade was a 0.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 54,145 shares of company stock worth $8,312,067 in the last ninety days. Company insiders own 19.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Paylocity from $168.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Cantor Fitzgerald increased their price target on Paylocity from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Zacks Research cut shares of Paylocity from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen cut Paylocity from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Barclays upped their price objective on shares of Paylocity from $128.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.53.

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.