B. Metzler seel. Sohn & Co. AG Has $926,000 Holdings in Paylocity Holding Corporation $PCTY

B. Metzler seel. Sohn & Co. AG lowered its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 44.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,814 shares of the software maker’s stock after selling 4,678 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Paylocity were worth $926,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in Paylocity during the 3rd quarter valued at $41,000. SBI Securities Co. Ltd. raised its position in shares of Paylocity by 47.4% in the second quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock valued at $46,000 after purchasing an additional 81 shares during the period. True Wealth Design LLC raised its position in shares of Paylocity by 155.4% in 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 shares of Paylocity by 14,800.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the software maker’s stock worth $47,000 after buying an additional 296 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in shares of Paylocity during the 2nd quarter worth about $51,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Paylocity Stock Performance

Shares of PCTY stock opened at $113.78 on Thursday. The stock has a market capitalization of $6.13 billion, a PE ratio of 26.77, a PEG ratio of 3.29 and a beta of 0.58. The business’s 50 day simple moving average is $126.91 and its 200 day simple moving average is $145.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.04 and a quick ratio of 1.04. Paylocity Holding Corporation has a one year low of $100.50 and a one year high of $201.97.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. The firm had revenue of $416.13 million for the quarter, compared to the consensus estimate of $408.37 million. Paylocity had a net margin of 14.19% and a return on equity of 23.44%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 EPS. As a group, research analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PCTY has been the subject of several research reports. Jefferies Financial Group cut their price objective on shares of Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 6th. BMO Capital Markets lowered their target price on Paylocity from $185.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Paylocity in a report on Friday, February 6th. Barclays set a $146.00 price target on Paylocity in a research note on Friday, February 6th. Finally, Citizens Jmp lowered their price objective on Paylocity from $245.00 to $170.00 and set a “market outperform” rating on the stock in a research report on Friday, February 6th. Fifteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and an average target price of $180.05.

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.