Caprock Group LLC Invests $772,000 in Paylocity Holding Corporation $PCTY

Caprock Group LLC bought a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,845 shares of the software maker’s stock, valued at approximately $772,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCTY. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 valued at $25,551,000 after purchasing an additional 7,594 shares during the period. Focus Partners Wealth boosted its holdings in shares of Paylocity by 24.5% during the 1st quarter. Focus Partners Wealth now owns 1,365 shares of the software maker’s stock worth $256,000 after buying an additional 269 shares in the last quarter. IFP Advisors Inc grew its position in shares of Paylocity by 248.5% during the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock worth $61,000 after buying an additional 241 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Paylocity by 45.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,437 shares of the software maker’s stock valued at $804,000 after acquiring an additional 1,389 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Paylocity by 257.9% during the 2nd quarter. CWM LLC now owns 6,822 shares of the software maker’s stock valued at $1,236,000 after acquiring an additional 4,916 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen raised Paylocity from a “hold” rating to a “buy” rating in a report on Saturday. Citizens Jmp decreased their price target on Paylocity from $245.00 to $170.00 and set a “market outperform” rating for the company in a report on Friday, February 6th. Stifel Nicolaus dropped their price objective on Paylocity from $188.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Jefferies Financial Group cut their price objective on shares of Paylocity from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, JMP Securities set a $245.00 target price on shares of Paylocity in a report on Wednesday, November 5th. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and a consensus target price of $183.14.

Paylocity Trading Up 2.8%

NASDAQ PCTY opened at $107.13 on Tuesday. Paylocity Holding Corporation has a one year low of $101.39 and a one year high of $218.74. The firm has a market cap of $5.77 billion, a PE ratio of 25.21, a P/E/G ratio of 3.12 and a beta of 0.54. The firm’s fifty day moving average is $140.75 and its two-hundred day moving average is $153.16. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.04 and a current ratio of 1.04.

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

Insider Activity

In other news, CFO Ryan Glenn sold 1,737 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total value of $249,520.05. Following the completion of the transaction, the chief financial officer owned 77,229 shares of the company’s stock, valued at $11,093,945.85. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 19.40% of the stock is owned by corporate insiders.

About Paylocity

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.