Paylocity Holding Corporation $PCTY Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 311.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 432,070 shares of the software maker’s stock after purchasing an additional 327,082 shares during the period. Assenagon Asset Management S.A. owned approximately 0.79% of Paylocity worth $65,891,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PCTY. True Wealth Design LLC boosted its stake in shares of Paylocity by 43.4% in the fourth quarter. True Wealth Design LLC now owns 410 shares of the software maker’s stock valued at $63,000 after purchasing an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Paylocity by 204.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,307 shares of the software maker’s stock worth $2,648,000 after buying an additional 11,628 shares during the period. NorthCrest Asset Manangement LLC increased its stake in Paylocity by 54.0% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,939 shares of the software maker’s stock worth $441,000 after buying an additional 1,030 shares during the period. Wedmont Private Capital acquired a new position in Paylocity in the 4th quarter worth $241,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Paylocity by 363.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock worth $29,000 after buying an additional 149 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Paylocity Stock Performance

Paylocity stock opened at $108.31 on Wednesday. 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 12 month low of $100.50 and a 12 month high of $201.97. The company has a fifty day moving average price of $119.80 and a two-hundred day moving average price of $140.82. The company has a market cap of $5.84 billion, a PE ratio of 25.48, a P/E/G ratio of 3.33 and a beta of 0.58.

Paylocity (NASDAQ:PCTY) last issued its earnings results 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 company had revenue of $416.13 million for the quarter, compared to analysts’ expectations of $408.37 million. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Research analysts expect that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analyst Ratings Changes

PCTY has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Paylocity from $188.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Citigroup reiterated an “outperform” rating on shares of Paylocity in a research note on Friday, February 6th. BMO Capital Markets reduced their price target on Paylocity from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Wall Street Zen downgraded Paylocity from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, BTIG Research cut their target price on Paylocity from $180.00 to $150.00 and set a “buy” 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus 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.