Paylocity Holding Co. (NASDAQ:PCTY) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,565 shares of the software maker’s stock after buying an additional 17,076 shares during the quarter. Sei Investments Co. owned about 0.34% of Paylocity worth $37,814,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PCTY. JPMorgan Chase & Co. raised its stake in shares of Paylocity by 81.9% during the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock worth $141,303,000 after purchasing an additional 385,625 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Paylocity by 190.0% in the 4th quarter. American Century Companies Inc. now owns 349,797 shares of the software maker’s stock worth $69,774,000 after acquiring an additional 229,179 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Paylocity by 283.8% in the third quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker’s stock valued at $51,101,000 after acquiring an additional 229,057 shares in the last quarter. Trillium Asset Management LLC increased its stake in shares of Paylocity by 194.7% during the fourth quarter. Trillium Asset Management LLC now owns 99,706 shares of the software maker’s stock worth $19,888,000 after acquiring an additional 65,869 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Paylocity by 113.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 96,406 shares of the software maker’s stock worth $15,904,000 after purchasing an additional 51,276 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Performance

Paylocity stock opened at $196.16 on Tuesday. The stock has a fifty day moving average price of $201.56 and a 200 day moving average price of $191.74. 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 Holding Co. has a 52 week low of $129.94 and a 52 week high of $223.80. The firm has a market capitalization of $10.96 billion, a P/E ratio of 50.30, a PEG ratio of 4.49 and a beta of 0.94.

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

Insider Transactions at Paylocity

In other Paylocity news, Director Steven I. Sarowitz sold 23,243 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $191.00, for a total transaction of $4,439,413.00. Following the completion of the sale, the director now owns 470,452 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 28,926 shares of company stock worth $5,578,628 in the last ninety days. Insiders own 21.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PCTY shares. Stifel Nicolaus upped their price objective on Paylocity from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JMP Securities increased their target price on shares of Paylocity from $250.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, February 7th. Jefferies Financial Group boosted their price target on Paylocity from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. KeyCorp lifted their price objective on Paylocity from $220.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $254.00 price target (up previously from $212.00) on shares of Paylocity in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.25.

About Paylocity

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.